Nasdaq Inc (NASDAQ:NDAQ) Shares Bought by Millennium Management LLC

Millennium Management LLC increased its holdings in Nasdaq Inc (NASDAQ:NDAQ) by 78.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,565,207 shares of the financial services provider’s stock after acquiring an additional 685,770 shares during the quarter. Millennium Management LLC owned approximately 0.94% of Nasdaq worth $120,255,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in Nasdaq by 1.3% during the fourth quarter. SG Americas Securities LLC now owns 47,729 shares of the financial services provider’s stock valued at $3,667,000 after buying an additional 627 shares in the last quarter. Norinchukin Bank The raised its stake in Nasdaq by 15.5% during the third quarter. Norinchukin Bank The now owns 5,197 shares of the financial services provider’s stock valued at $403,000 after buying an additional 696 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in Nasdaq by 3.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 21,786 shares of the financial services provider’s stock valued at $1,674,000 after buying an additional 726 shares in the last quarter. Mastrapasqua Asset Management Inc. raised its position in shares of Nasdaq by 1.8% during the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 48,572 shares of the financial services provider’s stock worth $3,768,000 after purchasing an additional 837 shares during the period. Finally, Mutual of America Capital Management LLC raised its position in shares of Nasdaq by 6.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 14,730 shares of the financial services provider’s stock worth $1,132,000 after purchasing an additional 838 shares during the period. Institutional investors and hedge funds own 76.50% of the company’s stock.

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NDAQ opened at $85.20 on Friday. The firm has a market cap of $14,360.77, a PE ratio of 20.99, a P/E/G ratio of 1.84 and a beta of 0.64. Nasdaq Inc has a fifty-two week low of $65.98 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. The company had revenue of $635.00 million during the quarter, compared to analyst estimates of $628.36 million. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. equities research analysts forecast that Nasdaq Inc will post 4.82 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.38. Nasdaq’s dividend payout ratio is presently 37.44%.

Nasdaq declared that its board has approved a stock buyback program on Monday, January 29th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of analysts have recently weighed in on NDAQ shares. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. ValuEngine raised Nasdaq from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Wells Fargo increased their price objective on Nasdaq from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, March 29th. Deutsche Bank increased their price objective on Nasdaq from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, March 6th. Finally, UBS reissued a “buy” rating and issued a $89.00 price objective (up from $83.00) on shares of Nasdaq in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Nasdaq presently has an average rating of “Buy” and a consensus target price of $86.32.

In related news, insider Edward S. Knight sold 13,200 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $79.41, for a total transaction of $1,048,212.00. Following the completion of the sale, the insider now directly owns 73,569 shares in the company, valued at $5,842,114.29. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lars Ottersgard sold 6,451 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $80.75, for a total value of $520,918.25. The disclosure for this sale can be found here. Insiders sold 42,837 shares of company stock valued at $3,442,932 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

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Nasdaq Company Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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