Machina Capital S.A.S. Purchases Shares of 9,004 Nasdaq Inc (NDAQ)

Machina Capital S.A.S. purchased a new position in shares of Nasdaq Inc (NASDAQ:NDAQ) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 9,004 shares of the financial services provider’s stock, valued at approximately $734,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Capital World Investors purchased a new stake in Nasdaq during the 3rd quarter worth approximately $333,215,000. Norges Bank purchased a new stake in Nasdaq during the 4th quarter worth approximately $93,156,000. Findlay Park Partners LLP increased its holdings in Nasdaq by 70.5% during the 4th quarter. Findlay Park Partners LLP now owns 1,875,000 shares of the financial services provider’s stock worth $152,944,000 after purchasing an additional 775,000 shares during the last quarter. Millennium Management LLC increased its holdings in Nasdaq by 277.6% during the 4th quarter. Millennium Management LLC now owns 318,740 shares of the financial services provider’s stock worth $26,000,000 after purchasing an additional 234,328 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Nasdaq during the 4th quarter worth approximately $16,175,000. 76.15% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on NDAQ shares. BidaskClub upgraded Nasdaq from a “buy” rating to a “strong-buy” rating in a report on Friday, January 25th. Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, January 11th. ValuEngine downgraded Nasdaq from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Citigroup lifted their price objective on Nasdaq from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, December 3rd. Finally, Raymond James dropped their price objective on Nasdaq from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Nasdaq has a consensus rating of “Hold” and a consensus target price of $96.00.

Shares of NASDAQ NDAQ opened at $88.40 on Tuesday. Nasdaq Inc has a twelve month low of $75.49 and a twelve month high of $96.84. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $14.47 billion, a PE ratio of 18.11, a PEG ratio of 2.14 and a beta of 0.63.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.02. Nasdaq had a return on equity of 14.53% and a net margin of 10.71%. The business had revenue of $645.00 million during the quarter, compared to the consensus estimate of $642.95 million. During the same period in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts forecast that Nasdaq Inc will post 5.12 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.44 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.99%. Nasdaq’s dividend payout ratio (DPR) is 36.36%.

In related news, EVP Pc Nelson Griggs sold 1,339 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $90.24, for a total transaction of $120,831.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley J. Peterson sold 6,159 shares of the company’s stock in a transaction 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 transaction, the insider now owns 39,482 shares of the company’s stock, valued at $3,374,921.36. The disclosure for this sale can be found here. Insiders sold a total of 13,339 shares of company stock valued at $1,114,349 over the last quarter. Company insiders own 0.50% of the company’s stock.

WARNING: This piece was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://sportsperspectives.com/2019/04/02/machina-capital-s-a-s-purchases-shares-of-9004-nasdaq-inc-ndaq.html.

Nasdaq Profile

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.

See Also: How Do Mutual Funds Work?

Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq Inc (NASDAQ:NDAQ).

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.