Stevens Capital Management LP Purchases 1,797 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Stevens Capital Management LP increased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 33.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,208 shares of the financial services provider’s stock after buying an additional 1,797 shares during the quarter. Stevens Capital Management LP’s holdings in Nasdaq were worth $557,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Olstein Capital Management L.P. boosted its holdings in Nasdaq by 35.6% in 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 buying an additional 21,000 shares during the period. NINE MASTS CAPITAL Ltd bought a new position in Nasdaq in the 4th quarter worth $274,000. Pacer Advisors Inc. boosted its holdings in Nasdaq by 75.7% in the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock worth $4,170,000 after buying an additional 23,244 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Nasdaq by 26.1% in 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 purchasing an additional 9,130 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in Nasdaq in the 4th quarter worth $856,000. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction, the executive vice president now owns 59,694 shares in the company, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NDAQ stock opened at $75.55 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company has a market capitalization of $43.45 billion, a P/E ratio of 39.35, a P/E/G ratio of 2.12 and a beta of 0.96. The company’s 50-day simple moving average is $79.17 and its two-hundred day simple moving average is $77.47. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. Nasdaq’s dividend payout ratio is presently 50.00%.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays decreased their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Citigroup boosted their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. William Blair assumed coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Company 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.