Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Olstein Capital Management L.P.

Olstein Capital Management L.P. grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 15.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 92,000 shares of the financial services provider’s stock after purchasing an additional 12,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Nasdaq were worth $6,979,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. purchased a new position in Nasdaq during the fourth quarter worth about $26,000. Kestra Investment Management LLC purchased a new position in shares of Nasdaq during the 4th quarter worth about $33,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Nasdaq in the fourth quarter worth approximately $37,000. TCTC Holdings LLC acquired a new stake in shares of Nasdaq in the fourth quarter worth approximately $41,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Nasdaq in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Oppenheimer lowered their price target on Nasdaq from $89.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. UBS Group restated a “cautious” rating on shares of Nasdaq in a report on Monday, April 28th. Finally, Barclays decreased their target price on Nasdaq from $86.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Nasdaq Stock Up 1.9%

Shares of NASDAQ:NDAQ opened at $85.61 on Monday. The company has a market capitalization of $49.15 billion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The company has a 50 day moving average of $77.19 and a two-hundred day moving average of $78.43. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $85.78. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business earned $0.63 EPS. The business’s revenue was up 10.7% on a year-over-year basis. As a group, analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, June 13th. This is an increase from Nasdaq’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.26%. Nasdaq’s dividend payout ratio (DPR) is currently 49.09%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the sale, the insider now owns 211,405 shares in the company, valued at $17,552,957.15. This represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,616 shares of company stock valued at $1,813,598. 0.70% of the stock is currently owned by insiders.

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.