Trexquant Investment LP Makes New Investment in Nasdaq, Inc. $NDAQ

Trexquant Investment LP bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 72,135 shares of the financial services provider's stock, valued at approximately $5,472,000.

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A number of other hedge funds also recently added to or reduced their stakes in the business. Vestcor Inc lifted its holdings in Nasdaq by 1.6% during the 1st quarter. Vestcor Inc now owns 8,825 shares of the financial services provider's stock worth $669,000 after buying an additional 141 shares in the last quarter. Sax Wealth Advisors LLC raised its holdings in shares of Nasdaq by 0.5% in the 1st quarter. Sax Wealth Advisors LLC now owns 30,082 shares of the financial services provider's stock valued at $2,282,000 after purchasing an additional 144 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Nasdaq by 1.0% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock valued at $1,260,000 after purchasing an additional 157 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Nasdaq by 7.1% in the 1st quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock valued at $215,000 after purchasing an additional 187 shares in the last quarter. Finally, Grove Bank & Trust raised its holdings in shares of Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 216 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NDAQ has been the topic of several research analyst reports. Piper Sandler lifted their price target on shares of Nasdaq from $97.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a research note on Wednesday, July 9th. Barclays lifted their price target on shares of Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Morgan Stanley lifted their price target on shares of Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Nasdaq in a research note on Friday, July 25th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $97.06.

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Get Our Latest Report on NDAQ

Insider Transactions at Nasdaq

In other news, SVP Michelle Lynn Daly sold 8,691 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $93.45, for a total transaction of $812,173.95. Following the transaction, the senior vice president directly owned 8,879 shares in the company, valued at $829,742.55. The trade was a 49.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the transaction, the executive vice president owned 111,035 shares in the company, valued at approximately $9,867,680.45. This trade represents a 9.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,409 shares of company stock worth $2,223,599 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

Nasdaq Trading Down 0.5%

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Shares of Nasdaq stock opened at $94.74 on Monday. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $97.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. The company's 50-day simple moving average is $92.48 and its 200-day simple moving average is $83.27. The firm has a market cap of $54.36 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The business's revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq's payout ratio is 41.54%.

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.

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