GAMMA Investing LLC Grows Position in Nasdaq, Inc. (NASDAQ:NDAQ)

GAMMA Investing LLC grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 14.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,123 shares of the financial services provider’s stock after acquiring an additional 1,926 shares during the quarter. GAMMA Investing LLC’s holdings in Nasdaq were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Nasdaq by 163.3% during the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after purchasing an additional 24,084,154 shares during the last quarter. Mizuho Securities USA LLC lifted its position in shares of Nasdaq by 13,532.3% during 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 buying an additional 3,970,658 shares in the last quarter. State Street Corp lifted its position in shares of Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after buying an additional 1,811,616 shares in the last quarter. Harris Associates L P boosted its stake in shares of Nasdaq by 14.6% in the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after buying an additional 1,096,090 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Nasdaq by 9.5% in the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after acquiring an additional 932,665 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Jeremy Skule sold 12,075 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the transaction, the insider now directly owns 205,821 shares in the company, valued at approximately $15,918,196.14. This represents a 2.71 % 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 valued at $3,811,808 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. UBS Group increased their price target on shares of Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. William Blair began coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating for the company. Finally, Morgan Stanley lifted their price target on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.40.

Nasdaq Trading Up 1.0 %

Shares of NDAQ opened at $78.22 on Friday. The business’s 50-day moving average price is $79.06 and its 200-day moving average price is $72.10. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a twelve month low of $54.90 and a twelve month high of $83.77. The stock has a market cap of $44.96 billion, a PE ratio of 46.84, a P/E/G ratio of 3.12 and a beta of 0.97.

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

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.23%. Nasdaq’s payout ratio is presently 57.49%.

Nasdaq 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.