Machina Capital S.A.S. Raises Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Machina Capital S.A.S. raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 161.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,383 shares of the financial services provider’s stock after acquiring an additional 12,596 shares during the quarter. Machina Capital S.A.S.’s holdings in Nasdaq were worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Edgestream Partners L.P. boosted its stake in shares of Nasdaq by 116.0% during the 4th quarter. Edgestream Partners L.P. now owns 23,659 shares of the financial services provider’s stock worth $1,829,000 after acquiring an additional 12,704 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Nasdaq during the 4th quarter worth $522,000. Callan Family Office LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $406,000. Hartford Funds Management Co LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $500,000. Finally, Candriam S.C.A. raised its position in shares of Nasdaq by 12.8% during the 4th quarter. Candriam S.C.A. now owns 59,221 shares of the financial services provider’s stock valued at $4,578,000 after purchasing an additional 6,738 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling

In other Nasdaq news, 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 sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on NDAQ shares. William Blair started coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. UBS Group raised their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Barclays decreased their price objective on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Price Performance

NDAQ stock opened at $74.66 on Friday. Nasdaq, Inc. has a 12 month low of $57.96 and a 12 month high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $79.86 and a 200 day moving average price of $77.14. The stock has a market cap of $42.94 billion, a PE ratio of 38.89, a P/E/G ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 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%. 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, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. Nasdaq’s dividend payout ratio is presently 50.00%.

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.