Centiva Capital LP Takes $436,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Centiva Capital LP purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 5,644 shares of the financial services provider’s stock, valued at approximately $436,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new stake in shares of Nasdaq during the fourth quarter valued at approximately $26,000. Founders Capital Management acquired a new stake in Nasdaq during the 4th quarter valued at $27,000. Kestra Investment Management LLC purchased a new stake in Nasdaq during the 4th quarter worth $33,000. Raleigh Capital Management Inc. lifted its holdings in Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Nasdaq in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Barclays cut their target price on Nasdaq from $86.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Bank of America upped their price target on shares of Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. Redburn Atlantic raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Thursday, April 17th. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.50.

Nasdaq Trading Up 0.3 %

Nasdaq stock opened at $79.20 on Friday. Nasdaq, Inc. has a 52-week low of $58.28 and a 52-week high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $45.47 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 2.12 and a beta of 1.00. The firm has a 50-day moving average price of $74.36 and a two-hundred day moving average price of $77.73.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Sell-side analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq’s dividend payout ratio (DPR) is 49.09%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now directly owns 61,980 shares of the company’s stock, valued at approximately $4,450,783.80. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

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.