Squarepoint Ops LLC Has $2.93 Million Stake in Nasdaq Inc (NDAQ)
Squarepoint Ops LLC decreased its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 70.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,885 shares of the financial services provider’s stock after selling 85,612 shares during the quarter. Squarepoint Ops LLC’s holdings in Nasdaq were worth $2,927,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Nasdaq by 1.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,022,974 shares of the financial services provider’s stock worth $1,143,854,000 after purchasing an additional 193,126 shares during the last quarter. Vanguard Group Inc boosted its holdings in Nasdaq by 0.6% in the third quarter. Vanguard Group Inc now owns 12,105,807 shares of the financial services provider’s stock valued at $1,038,679,000 after acquiring an additional 69,633 shares during the last quarter. Capital World Investors acquired a new position in Nasdaq in the third quarter valued at $333,215,000. Findlay Park Partners LLP boosted its holdings in Nasdaq by 70.5% in the fourth quarter. Findlay Park Partners LLP now owns 1,875,000 shares of the financial services provider’s stock valued at $152,944,000 after acquiring an additional 775,000 shares during the last quarter. Finally, FMR LLC boosted its holdings in Nasdaq by 0.5% in the third quarter. FMR LLC now owns 1,659,626 shares of the financial services provider’s stock valued at $142,396,000 after acquiring an additional 7,987 shares during the last quarter. Institutional investors and hedge funds own 76.13% of the company’s stock.
Shares of NASDAQ NDAQ opened at $86.10 on Thursday. Nasdaq Inc has a 1 year low of $75.49 and a 1 year high of $96.84. The stock has a market cap of $14.20 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.04%. Nasdaq’s dividend payout ratio (DPR) is 36.36%.
In other Nasdaq news, insider Bradley J. Peterson sold 6,159 shares of Nasdaq stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $85.48, for a total value of $526,471.32. Following the completion of the transaction, the insider now directly owns 39,482 shares in the company, valued at $3,374,921.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Pc Nelson Griggs sold 1,339 shares of Nasdaq stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $90.24, for a total value of $120,831.36. The disclosure for this sale can be found here. Insiders sold 13,339 shares of company stock valued at $1,114,349 over the last quarter. Insiders own 0.50% of the company’s stock.
A number of research analysts recently weighed in on NDAQ shares. Atlantic Securities started coverage on Nasdaq in a report on Wednesday, November 28th. They issued an “overweight” rating and a $105.00 target price on the stock. Citigroup raised their price objective on Nasdaq from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, December 3rd. BidaskClub raised Nasdaq from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 7th. Zacks Investment Research raised Nasdaq from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Monday, December 31st. Finally, ValuEngine lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Nasdaq currently has a consensus rating of “Hold” and an average target price of $96.00.
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Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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