Capricorn Fund Managers Ltd Takes $978,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Capricorn Fund Managers Ltd bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 12,641 shares of the financial services provider’s stock, valued at approximately $978,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Citizens Financial Group Inc. RI increased its position in Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 137 shares during the last quarter. First Pacific Financial boosted its stake in shares of Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 142 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Nasdaq by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 148 shares during the period. Brooklyn Investment Group grew its holdings in Nasdaq by 8.5% during the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 148 shares during the last quarter. Finally, Crestwood Advisors Group LLC raised its position in Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $78.83 on Tuesday. The company has a market capitalization of $45.31 billion, a PE ratio of 47.20, a P/E/G ratio of 2.70 and a beta of 0.98. The company has a 50-day simple moving average of $79.27 and a two-hundred day simple moving average of $73.63. Nasdaq, Inc. has a one year low of $54.90 and a one year high of $83.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its quarterly 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. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. Research analysts expect that Nasdaq, Inc. will post 2.81 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. Nasdaq’s payout ratio is 57.49%.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now owns 142,830 shares in the company, valued at $10,757,955.60. This represents a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of Nasdaq stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.71, for a total transaction of $454,260.00. Following the sale, the insider now owns 215,563 shares of the company’s stock, valued at approximately $16,320,274.73. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,459 shares of company stock worth $3,811,808. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NDAQ. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research note on Thursday, January 9th. Oppenheimer boosted their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. The Goldman Sachs Group raised their target price on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, William Blair began coverage on Nasdaq in a report on Monday, November 25th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.73.

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.