Interval Partners LP Makes New $6.06 Million Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Interval Partners LP bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 78,391 shares of the financial services provider's stock, valued at approximately $6,060,000.

A number of other large investors also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in shares of Nasdaq by 12.3% during the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock worth $104,000 after purchasing an additional 141 shares during the period. Harbor Capital Advisors Inc. raised its position in Nasdaq by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after purchasing an additional 148 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Nasdaq by 8.5% in the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock worth $147,000 after buying an additional 148 shares during the period. Crestwood Advisors Group LLC grew its position in shares of Nasdaq by 4.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock worth $295,000 after buying an additional 152 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Nasdaq by 4.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock valued at $317,000 after buying an additional 164 shares during the period. Hedge funds and other institutional investors own 72.47% of the company's stock.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price for the company in a research report on Thursday, April 17th. Morgan Stanley cut shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target on the stock. in a research report on Tuesday, April 8th. Barclays lowered their price objective on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Finally, Bank of America upped their target price on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.50.

Insider Activity at Nasdaq

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

Nasdaq Stock Up 0.3%

Shares of Nasdaq stock traded up $0.22 during midday trading on Thursday, hitting $81.28. The company had a trading volume of 4,546,472 shares, compared to its average volume of 2,896,574. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market capitalization of $46.66 billion, a P/E ratio of 42.33, a P/E/G ratio of 2.12 and a beta of 1.00. The company has a 50 day moving average of $74.64 and a 200 day moving average of $77.84.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released 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 business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted $0.63 earnings per share. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities 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 paid a $0.27 dividend. This is a boost from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.33%. Nasdaq's payout ratio is presently 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.