Teza Capital Management LLC Sells 4,186 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Teza Capital Management LLC decreased its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 61.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,643 shares of the financial services provider's stock after selling 4,186 shares during the quarter. Teza Capital Management LLC's holdings in Nasdaq were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq during the fourth quarter worth about $26,000. Kestra Investment Management LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth about $33,000. Raleigh Capital Management Inc. raised its position in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock worth $34,000 after purchasing an additional 225 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Nasdaq during the fourth quarter worth about $37,000. Finally, TCTC Holdings LLC acquired a new stake in shares of Nasdaq during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded up $0.91 during midday trading on Tuesday, hitting $82.69. 695,409 shares of the company's stock were exchanged, compared to its average volume of 2,927,158. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $84.15. The company's 50 day moving average price is $75.88 and its 200 day moving average price is $78.17. The firm has a market capitalization of $47.47 billion, a PE ratio of 43.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted $0.63 EPS. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.27 per share. This is a boost from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is presently 49.09%.

Insider Buying and Selling

In related news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This trade represents a 20.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NDAQ. Piper Sandler raised their price target on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Barclays dropped their price target on Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a research report on Thursday, April 10th. Morgan Stanley lowered Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price on the stock. in a research report on Tuesday, April 8th. Finally, Citigroup dropped their target price on Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Nasdaq has a consensus rating of "Moderate Buy" and an average target price of $86.50.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.