Twin Tree Management LP Makes New $1.31 Million Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Twin Tree Management LP bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,952 shares of the financial services provider’s stock, valued at approximately $1,311,000.

Several other large investors have also bought and sold shares of NDAQ. Rakuten Securities Inc. purchased a new position in shares of Nasdaq during the fourth quarter valued at approximately $26,000. Founders Capital Management purchased a new position in shares of Nasdaq during the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC purchased a new position in shares of Nasdaq during the fourth quarter valued at approximately $33,000. Raleigh Capital Management Inc. raised its holdings in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its holdings in shares of Nasdaq by 94.2% during the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 294 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NDAQ has been the subject of several research reports. UBS Group boosted their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. William Blair assumed coverage on shares of Nasdaq in a report on Monday, November 25th. They set an “outperform” rating for the company. Raymond James boosted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Stock Performance

NDAQ opened at $75.30 on Wednesday. The firm has a market cap of $43.31 billion, a P/E ratio of 39.22, a PEG ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15. The company has a 50 day simple moving average of $79.23 and a two-hundred day simple moving average of $77.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results 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 analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is 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.