Two Sigma Investments LP Has $68.83 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Two Sigma Investments LP trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 59.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 890,247 shares of the financial services provider's stock after selling 1,299,326 shares during the quarter. Two Sigma Investments LP owned about 0.15% of Nasdaq worth $68,825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NDAQ. Olstein Capital Management L.P. lifted its position in shares of Nasdaq by 35.6% during the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider's stock worth $6,185,000 after purchasing an additional 21,000 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new position in Nasdaq during the fourth quarter worth about $274,000. Pacer Advisors Inc. grew its stake in shares of Nasdaq by 75.7% in the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider's stock valued at $4,170,000 after purchasing an additional 23,244 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Nasdaq by 892.3% in the 4th quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider's stock worth $4,689,000 after buying an additional 54,535 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Nasdaq by 26.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider's stock worth $3,454,000 after buying an additional 9,130 shares during the period. 72.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of the company's stock in a transaction dated 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 owns 61,980 shares in the company, valued at $4,450,783.80. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NDAQ shares. JPMorgan Chase & Co. upped their price target on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Oppenheimer dropped their target price on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research report on Thursday, April 10th. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective on the stock in a research note on Thursday, April 17th. Finally, StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.50.

Nasdaq Stock Performance

NDAQ stock opened at $81.96 on Tuesday. Nasdaq, Inc. has a 1-year low of $58.28 and a 1-year high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The firm has a market cap of $47.06 billion, a PE ratio of 42.69, a P/E/G ratio of 2.12 and a beta of 1.00. The business's 50-day moving average price is $75.18 and its two-hundred day moving average price is $78.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced 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 net margin of 15.10% and a return on equity of 14.82%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company posted $0.63 EPS. The business's quarterly revenue was up 10.7% on a year-over-year basis. As a group, research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.27 dividend. This is a boost from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq's payout ratio is currently 49.09%.

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.

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