Tower Research Capital LLC TRC Purchases 25,136 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Tower Research Capital LLC TRC raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 93.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,936 shares of the financial services provider’s stock after acquiring an additional 25,136 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Nasdaq were worth $3,020,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Canada Pension Plan Investment Board boosted its position in shares of Nasdaq by 48.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 428,643 shares of the financial services provider’s stock worth $20,828,000 after purchasing an additional 140,286 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Nasdaq by 10.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock worth $21,715,000 after purchasing an additional 43,910 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Nasdaq in the 4th quarter worth approximately $1,949,000. BNP Paribas Financial Markets boosted its position in shares of Nasdaq by 12.8% in the 4th quarter. BNP Paribas Financial Markets now owns 415,101 shares of the financial services provider’s stock worth $24,134,000 after purchasing an additional 46,957 shares in the last quarter. Finally, Braun Stacey Associates Inc. boosted its position in shares of Nasdaq by 29.5% in the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock worth $21,250,000 after purchasing an additional 83,227 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Down 0.8 %

Shares of NASDAQ:NDAQ opened at $58.78 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.90. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25. The company has a 50-day moving average price of $60.90 and a 200 day moving average price of $58.52. The company has a market cap of $33.81 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 3.19 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQGet Free Report) last posted 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 return on equity of 17.00% and a net margin of 15.98%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, equities research analysts predict that Nasdaq, Inc. will post 2.68 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, June 14th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.63%. Nasdaq’s dividend payout ratio (DPR) is 46.32%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction on 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 completion of the sale, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction 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 sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The disclosure for this sale can be found here. Insiders have sold a total of 31,010,436 shares of company stock valued at $1,798,647,360 over the last ninety days. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on NDAQ. Edward Jones began coverage on Nasdaq in a research report on Wednesday, April 3rd. They issued a “buy” rating on the stock. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. Rosenblatt Securities cut Nasdaq from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $76.00 to $64.00 in a research report on Wednesday, May 8th. Keefe, Bruyette & Woods lowered their price objective on Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.92.

Get Our Latest Stock Report on NDAQ

Nasdaq Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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