Versor Investments LP Acquires 3,381 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Versor Investments LP lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 41.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,500 shares of the financial services provider’s stock after acquiring an additional 3,381 shares during the quarter. Versor Investments LP’s holdings in Nasdaq were worth $669,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NDAQ. Loomis Sayles & Co. L P bought a new stake in shares of Nasdaq during the 3rd quarter worth $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in Nasdaq in the fourth quarter worth about $29,000. Carmel Capital Partners LLC purchased a new position in Nasdaq in the third quarter valued at about $32,000. Allworth Financial LP grew its position in shares of Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 349 shares during the period. Finally, Lindbrook Capital LLC increased its stake in shares of Nasdaq by 158.5% during the 4th quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NDAQ. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Tuesday, March 26th. Keefe, Bruyette & Woods lowered their price objective on Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. StockNews.com lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Edward Jones assumed coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They issued a “buy” rating on the stock. Finally, Citigroup upped their price target on shares of Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.92.

View Our Latest Report on NDAQ

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,036 shares of Nasdaq stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the sale, the executive vice president now directly owns 58,636 shares of the company’s stock, valued at approximately $3,511,710.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the sale, the executive vice president now owns 58,636 shares of the company’s stock, valued at $3,511,710.04. The disclosure for this sale can be found here. Insiders sold a total of 31,010,436 shares of company stock valued at $1,798,647,360 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

Nasdaq Price Performance

Shares of NDAQ stock traded up $0.48 on Friday, reaching $60.66. The company’s stock had a trading volume of 1,761,826 shares, compared to its average volume of 3,238,645. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $64.25. The stock’s 50 day simple moving average is $60.77 and its 200-day simple moving average is $57.17. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $34.89 billion, a P/E ratio of 31.93, a PEG ratio of 3.32 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business earned $0.69 EPS. The business’s revenue was up 22.2% on a year-over-year basis. As a group, equities analysts predict that Nasdaq, Inc. will post 2.69 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, June 14th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.58%. Nasdaq’s payout ratio is presently 46.32%.

About Nasdaq

(Free Report)

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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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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