Stevens Capital Management LP Has $343,000 Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Stevens Capital Management LP lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 49.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,896 shares of the financial services provider’s stock after selling 5,751 shares during the quarter. Stevens Capital Management LP’s holdings in Nasdaq were worth $343,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Nasdaq in the 4th quarter valued at about $29,000. Loomis Sayles & Co. L P bought a new position in Nasdaq in the third quarter valued at approximately $26,000. Carmel Capital Partners LLC bought a new position in Nasdaq in the third quarter valued at approximately $32,000. Allworth Financial LP grew its stake in shares of Nasdaq by 74.9% during the fourth quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock worth $47,000 after buying an additional 349 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in shares of Nasdaq by 158.5% during the fourth quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock worth $52,000 after buying an additional 553 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

Nasdaq stock traded down $0.17 during mid-day trading on Friday, reaching $60.12. The company’s stock had a trading volume of 4,792,085 shares, compared to its average volume of 3,181,565. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $64.25. The company has a market capitalization of $34.58 billion, a P/E ratio of 28.48, a PEG ratio of 2.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s fifty day moving average price is $59.84 and its two-hundred day moving average price is $56.39.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. Sell-side analysts predict that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio (DPR) is presently 41.71%.

Insider Buying and Selling

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the transaction, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NDAQ has been the topic of several analyst reports. Edward Jones initiated coverage on shares of Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating on the stock. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods dropped their target price on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday. Barclays dropped their target price on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Rosenblatt Securities dropped their price objective on shares of Nasdaq from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Friday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.92.

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.