Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,005 shares of the financial services provider's stock after purchasing an additional 4,676 shares during the period. Quantinno Capital Management LP's holdings in Nasdaq were worth $2,706,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NDAQ. Norges Bank acquired a new stake in shares of Nasdaq in the fourth quarter worth approximately $424,285,000. Ameriprise Financial Inc. boosted its position in shares of Nasdaq by 37.9% in the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock worth $464,676,000 after acquiring an additional 1,650,201 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Nasdaq in the fourth quarter worth approximately $110,867,000. Raymond James Financial Inc. acquired a new stake in shares of Nasdaq in the fourth quarter worth approximately $105,481,000. Finally, Franklin Resources Inc. boosted its position in shares of Nasdaq by 13.4% in the fourth quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after acquiring an additional 1,225,672 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Nasdaq Stock Up 0.7%

Shares of NDAQ traded up $0.57 during mid-day trading on Friday, reaching $81.78. 3,859,935 shares of the stock traded hands, compared to its average volume of 2,928,078. The firm has a market cap of $46.95 billion, a price-to-earnings ratio of 42.59, a P/E/G ratio of 2.12 and a beta of 1.00. The stock has a fifty day simple moving average of $75.78 and a 200 day simple moving average of $78.14. Nasdaq, Inc. has a 12-month low of $58.28 and a 12-month high of $84.15. 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 (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 earnings per share. Sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NDAQ. UBS Group reissued a "cautious" rating on shares of Nasdaq in a research report on Monday, April 28th. Barclays decreased their target price on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Citigroup decreased their target price on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer decreased their target price on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.50.

Nasdaq Profile

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.