Headlands Technologies LLC Acquires 42,597 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Headlands Technologies LLC lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 808.6% during the 4th quarter, HoldingsChannel reports. The fund owned 47,865 shares of the financial services provider’s stock after acquiring an additional 42,597 shares during the quarter. Headlands Technologies LLC’s holdings in Nasdaq were worth $3,700,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Rakuten Securities Inc. acquired a new position in shares of Nasdaq during the 4th quarter worth approximately $26,000. Founders Capital Management bought a new stake in shares of Nasdaq in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new stake in Nasdaq during the fourth quarter worth approximately $33,000. Raleigh Capital Management Inc. increased its stake in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares during the period. Finally, TCTC Holdings LLC acquired a new position in Nasdaq in the 4th quarter valued at $41,000. 72.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on NDAQ. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, March 27th. Citigroup upped their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and increased their price target for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, Oppenheimer upped their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Price Performance

NDAQ stock opened at $75.86 on Tuesday. The company has a market capitalization of $43.63 billion, a P/E ratio of 39.51, a PEG ratio of 2.12 and a beta of 0.96. The company has a fifty day moving average price of $79.06 and a 200-day moving average price of $77.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, equities analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Insider Buying and Selling

In other news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated 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 transaction, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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.