2,656 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Bought by Malaga Cove Capital LLC

Malaga Cove Capital LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,656 shares of the financial services provider’s stock, valued at approximately $205,000.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC raised its stake in Nasdaq by 48.9% in the third quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider’s stock valued at $111,325,000 after buying an additional 500,418 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Nasdaq by 2.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,566 shares of the financial services provider’s stock valued at $1,502,000 after buying an additional 491 shares during the last quarter. Czech National Bank raised its stake in Nasdaq by 6.4% in the fourth quarter. Czech National Bank now owns 89,726 shares of the financial services provider’s stock valued at $6,937,000 after buying an additional 5,428 shares during the last quarter. Oak Thistle LLC increased its holdings in shares of Nasdaq by 49.8% in the fourth quarter. Oak Thistle LLC now owns 7,879 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 2,620 shares during the period. Finally, Crestmont Private Wealth LLC increased its holdings in shares of Nasdaq by 2.4% in the fourth quarter. Crestmont Private Wealth LLC now owns 8,017 shares of the financial services provider’s stock valued at $620,000 after purchasing an additional 185 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $81.06 on Thursday. 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 business’s 50 day moving average price is $74.64 and its 200-day moving average price is $77.84. The firm has a market capitalization of $46.54 billion, a PE ratio of 42.22, a P/E/G ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 1 year low of $58.28 and a 1 year high of $84.15.

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

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.27 per share. This is an increase from Nasdaq’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.33%. Nasdaq’s dividend payout ratio (DPR) is presently 49.09%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NDAQ shares. Barclays cut their price objective on Nasdaq from $86.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. Citigroup dropped their target price on Nasdaq from $84.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Oppenheimer dropped their target price on Nasdaq from $89.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Morgan Stanley lowered Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price on the stock. in a report on Tuesday, April 8th. Finally, StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Friday, April 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Insider Buying and Selling

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares in the company, valued at $4,398,253.92. The trade was a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the sale, the executive vice president now owns 61,980 shares in the company, valued at $4,450,783.80. This represents a 1.05% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

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.