Capital Fund Management S.A. acquired a new stake in Nasdaq Inc (NASDAQ:NDAQ) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 21,166 shares of the financial services provider’s stock, valued at approximately $1,626,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Delta Asset Management LLC TN raised its holdings in Nasdaq by 6,087.0% in the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 1,400 shares in the last quarter. Invictus RG acquired a new position in Nasdaq in the 3rd quarter valued at $111,000. Cerebellum GP LLC acquired a new position in Nasdaq in the 4th quarter valued at $125,000. Penserra Capital Management LLC increased its stake in shares of Nasdaq by 85.5% in the 4th quarter. Penserra Capital Management LLC now owns 2,220 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 1,023 shares during the last quarter. Finally, Conning Inc. bought a new position in shares of Nasdaq in the 3rd quarter valued at $200,000. 76.68% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Charlene T. Begley sold 4,017 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $81.37, for a total transaction of $326,863.29. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lars Ottersgard sold 6,451 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $80.75, for a total value of $520,918.25. The disclosure for this sale can be found here. Insiders have sold a total of 42,837 shares of company stock worth $3,442,932 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.
Shares of Nasdaq Inc (NASDAQ NDAQ) opened at $78.80 on Wednesday. The firm has a market capitalization of $13,100.00, a price-to-earnings ratio of 20.68, a P/E/G ratio of 1.69 and a beta of 0.71. Nasdaq Inc has a 52-week low of $65.98 and a 52-week high of $83.29. The company has a current ratio of 1.05, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The business had revenue of $635.00 million for the quarter, compared to analyst estimates of $628.36 million. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. Nasdaq’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. analysts forecast that Nasdaq Inc will post 4.8 earnings per share for the current fiscal year.
Nasdaq announced that its Board of Directors has authorized a share repurchase program on Monday, January 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, March 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.93%. Nasdaq’s dividend payout ratio is currently 39.90%.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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