Olstein Capital Management L.P. Has $6.19 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Olstein Capital Management L.P. boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 35.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,000 shares of the financial services provider’s stock after buying an additional 21,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Nasdaq were worth $6,185,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Founders Capital Management acquired a new stake in shares of Nasdaq in the fourth quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Nasdaq in the third quarter valued at $27,000. Raleigh Capital Management Inc. increased its stake in Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after buying an additional 225 shares during the last quarter. Claro Advisors LLC bought a new stake in Nasdaq during the 3rd quarter worth about $33,000. Finally, Focused Wealth Management Inc acquired a new position in shares of Nasdaq during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $81.15 on Friday. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $83.77. The company has a market capitalization of $46.64 billion, a price-to-earnings ratio of 48.59, a PEG ratio of 2.77 and a beta of 0.98. The company has a 50-day simple moving average of $79.41 and a 200 day simple moving average of $74.11. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, sell-side analysts predict that Nasdaq, Inc. will post 2.81 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.24 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.18%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NDAQ shares. Morgan Stanley lifted their target price on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Barclays lowered their price target on Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. TD Cowen lowered their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Finally, Piper Sandler increased their price target on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.73.

Insider Buying and Selling at Nasdaq

In other news, EVP Bradley J. Peterson sold 13,642 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares in the company, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock valued at $3,811,808 in the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

About Nasdaq

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.