Stevens Capital Management LP Raises Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Stevens Capital Management LP boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 33.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,208 shares of the financial services provider’s stock after acquiring an additional 1,797 shares during the period. Stevens Capital Management LP’s holdings in Nasdaq were worth $557,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Citizens Financial Group Inc. RI raised its position in shares of Nasdaq by 3.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after buying an additional 137 shares in the last quarter. Allworth Financial LP raised its position in shares of Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after buying an additional 141 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after buying an additional 148 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Nasdaq by 8.5% in the fourth 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 in the last quarter. Finally, Crestwood Advisors Group LLC raised its position in shares of Nasdaq by 4.1% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Nasdaq Price Performance

NDAQ stock opened at $75.55 on Monday. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15. The firm has a market capitalization of $43.45 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.12 and a beta of 0.96. The firm has a 50 day moving average price of $79.17 and a 200-day moving average price of $77.47. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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%. Equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group raised their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. William Blair assumed coverage on Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. Raymond James raised their price target on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Finally, JPMorgan Chase & Co. raised their price target on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

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.