GAMMA Investing LLC Makes New $483,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

GAMMA Investing LLC purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,365 shares of the financial services provider’s stock, valued at approximately $483,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Canada Pension Plan Investment Board grew its position in Nasdaq by 48.7% during the third quarter. Canada Pension Plan Investment Board now owns 428,643 shares of the financial services provider’s stock worth $20,828,000 after buying an additional 140,286 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in Nasdaq by 10.9% during the third quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock valued at $21,715,000 after purchasing an additional 43,910 shares during the last quarter. ING Groep NV grew its stake in Nasdaq by 6.9% in the 3rd quarter. ING Groep NV now owns 53,838 shares of the financial services provider’s stock worth $2,616,000 after buying an additional 3,455 shares in the last quarter. Braun Stacey Associates Inc. raised its position in shares of Nasdaq by 29.5% during the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock valued at $21,250,000 after buying an additional 83,227 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Nasdaq by 1.8% during the 4th quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock worth $135,396,000 after acquiring an additional 40,215 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the transaction, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s 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 completion of the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Nasdaq Trading Up 0.2 %

NASDAQ NDAQ traded up $0.13 on Wednesday, hitting $61.22. The company’s stock had a trading volume of 983,366 shares, compared to its average volume of 3,078,020. The firm has a market cap of $35.21 billion, a P/E ratio of 28.95, a PEG ratio of 2.80 and a beta of 0.93. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25. The company’s 50-day simple moving average is $59.63 and its 200 day simple moving average is $56.32. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. Research analysts predict that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Wednesday, March 13th. Nasdaq’s payout ratio is currently 41.71%.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of a number of research analyst reports. Barclays began coverage on Nasdaq in a research note on Thursday, April 11th. They issued an “overweight” rating and a $76.00 target price on the stock. UBS Group increased their price target on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Citigroup boosted their price objective on shares of Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, March 26th. Finally, Edward Jones assumed coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.09.

Nasdaq 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.