Capula Management Ltd Sells 779 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Capula Management Ltd trimmed its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 15.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,340 shares of the financial services provider’s stock after selling 779 shares during the period. Capula Management Ltd’s holdings in Nasdaq were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new stake in Nasdaq in the fourth quarter worth $424,285,000. Union Bancaire Privee UBP SA bought a new stake in shares of Nasdaq in the 4th quarter worth about $110,867,000. Raymond James Financial Inc. purchased a new position in shares of Nasdaq during the 4th quarter worth about $105,481,000. Franklin Resources Inc. grew its holdings in Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider’s stock valued at $802,401,000 after purchasing an additional 1,225,672 shares during the last quarter. Finally, Invesco Ltd. raised its position in Nasdaq by 40.3% in the 4th quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider’s stock worth $301,680,000 after purchasing an additional 1,120,538 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NDAQ shares. Oppenheimer lifted their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. UBS Group lifted their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods raised their price objective on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.44.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,116 shares of company stock valued at $1,434,818 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Price Performance

NDAQ opened at $67.74 on Tuesday. The firm has a market capitalization of $38.96 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The business’s 50-day moving average is $78.26 and its two-hundred day moving average is $77.64. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.42%. Nasdaq’s dividend payout ratio is presently 50.00%.

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.