XTX Topco Ltd Buys Shares of 2,846 Nasdaq, Inc. (NASDAQ:NDAQ)

XTX Topco Ltd purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, Holdings Channel reports. The firm purchased 2,846 shares of the financial services provider’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after acquiring an additional 24,084,154 shares during the period. State Street Corp lifted its position in Nasdaq by 11.2% during the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after purchasing an additional 1,811,616 shares during the period. Harris Associates L P boosted its holdings in Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after purchasing an additional 1,096,090 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Nasdaq by 2.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock worth $287,270,000 after purchasing an additional 94,122 shares during the period. Finally, Mizuho Securities USA LLC grew its position in Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after purchasing an additional 3,970,658 shares during the period. 72.47% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares in the company, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock worth $3,811,808 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Down 0.1 %

Shares of NDAQ opened at $77.38 on Friday. The business’s 50 day moving average is $78.14 and its 200 day moving average is $70.65. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 12-month low of $54.90 and a 12-month high of $83.77. The company has a market capitalization of $44.47 billion, a PE ratio of 46.34, a price-to-earnings-growth ratio of 3.12 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. Research analysts expect that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. TD Cowen dropped their target price on Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. William Blair assumed coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price objective on shares of Nasdaq in a report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.53.

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.