Lynwood Price Capital Management LP Has $5.31 Million Position in Nasdaq, Inc. $NDAQ

Lynwood Price Capital Management LP reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 33.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,000 shares of the financial services provider’s stock after selling 29,663 shares during the period. Nasdaq accounts for 2.7% of Lynwood Price Capital Management LP’s investment portfolio, making the stock its 12th biggest holding. Lynwood Price Capital Management LP’s holdings in Nasdaq were worth $5,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Cary Street Partners Investment Advisory LLC boosted its position in Nasdaq by 2.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 110 shares during the last quarter. PDS Planning Inc increased its position in Nasdaq by 4.9% in the 3rd quarter. PDS Planning Inc now owns 2,830 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 133 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Nasdaq by 4.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,139 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 139 shares during the last quarter. Mather Group LLC. raised its stake in shares of Nasdaq by 3.3% during the 3rd quarter. Mather Group LLC. now owns 4,380 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 139 shares in the last quarter. Finally, Tritonpoint Wealth LLC raised its stake in shares of Nasdaq by 1.1% during the 3rd quarter. Tritonpoint Wealth LLC now owns 13,077 shares of the financial services provider’s stock worth $1,157,000 after purchasing an additional 148 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Down 1.2%

NDAQ stock opened at $85.44 on Thursday. The stock has a market capitalization of $48.57 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 1.59 and a beta of 1.03. The company has a 50-day moving average of $89.80 and a two-hundred day moving average of $90.53. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $101.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is 34.95%.

Insider Activity at Nasdaq

In other news, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $96.91, for a total value of $29,073,000.00. Following the completion of the sale, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at approximately $186,542,349.73. This represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the sale, the executive vice president owned 125,674 shares in the company, valued at approximately $12,568,656.74. The trade was a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 697,340 shares of company stock worth $66,803,072. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NDAQ shares. Argus raised Nasdaq to a “strong-buy” rating in a research note on Wednesday, February 11th. UBS Group reaffirmed a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Nasdaq in a research report on Monday, January 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a research note on Friday, January 30th. Barclays reissued an “overweight” rating and issued a $115.00 target price (up from $114.00) on shares of Nasdaq in a research report on Friday, January 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $103.80.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.