Nasdaq, Inc. $NDAQ Stock Position Decreased by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,152 shares of the financial services provider’s stock after selling 10,000 shares during the quarter. Capitolis Liquid Global Markets LLC’s holdings in Nasdaq were worth $21,595,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of Nasdaq by 3.8% during the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock valued at $1,106,000 after purchasing an additional 538 shares during the last quarter. Woodline Partners LP raised its position in shares of Nasdaq by 40.7% during the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock worth $2,652,000 after purchasing an additional 10,110 shares during the period. Focus Partners Wealth lifted its holdings in shares of Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Nasdaq by 345.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 463 shares during the period. Finally, Allworth Financial LP boosted its position in Nasdaq by 75.8% during the 2nd quarter. Allworth Financial LP now owns 2,041 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 880 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Adena T. Friedman sold 92,840 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $90.08, for a total value of $8,363,027.20. Following the completion of the transaction, the chief executive officer owned 2,079,323 shares in the company, valued at $187,305,415.84. This represents a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the transaction, the executive vice president directly owned 125,674 shares in the company, valued at approximately $12,568,656.74. The trade was a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 697,340 shares of company stock valued at $66,803,072 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Argus raised Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. TD Cowen raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price target for the company from $105.00 to $106.00 in a report on Thursday, February 26th. Morgan Stanley set a $116.00 price target on shares of Nasdaq and gave the stock an “overweight” rating in a research report on Friday, January 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $109.00 price objective on shares of Nasdaq in a report on Wednesday, February 25th. Finally, UBS Group reiterated a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Nasdaq in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $103.80.

Nasdaq Stock Up 1.7%

NDAQ opened at $85.53 on Friday. The stock’s 50 day moving average price is $90.63 and its 200 day moving average price is $90.71. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $48.62 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.57 and a beta of 1.03. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. As a group, research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.08 annualized dividend and a yield of 1.3%. Nasdaq’s dividend payout ratio is presently 34.95%.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.