Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Diversified Trust Co

Diversified Trust Co increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 45.2% in the second quarter, Holdings Channel reports. The firm owned 28,813 shares of the financial services provider’s stock after acquiring an additional 8,974 shares during the period. Diversified Trust Co’s holdings in Nasdaq were worth $1,736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP grew its position in Nasdaq by 74.9% in the fourth quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 349 shares in the last quarter. Bleakley Financial Group LLC grew its position in Nasdaq by 10.2% in the fourth quarter. Bleakley Financial Group LLC now owns 4,620 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 429 shares in the last quarter. Cerity Partners LLC grew its position in Nasdaq by 48.1% in the fourth quarter. Cerity Partners LLC now owns 10,484 shares of the financial services provider’s stock valued at $610,000 after acquiring an additional 3,403 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Nasdaq in the fourth quarter valued at approximately $330,000. Finally, Simplicity Solutions LLC boosted its stake in shares of Nasdaq by 10.2% during the 4th quarter. Simplicity Solutions LLC now owns 4,620 shares of the financial services provider’s stock valued at $269,000 after buying an additional 429 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the transaction, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Rosenblatt Securities cut Nasdaq from a “buy” rating to a “neutral” rating and reduced their target price for the company from $76.00 to $64.00 in a research note on Wednesday, May 8th. Argus increased their target price on Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Keefe, Bruyette & Woods increased their target price on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. StockNews.com lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Barclays increased their target price on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.25.

Nasdaq Stock Performance

Shares of NDAQ traded up $0.20 during trading hours on Wednesday, reaching $69.12. 88,507 shares of the company’s stock traded hands, compared to its average volume of 2,998,972. The firm has a market capitalization of $39.76 billion, a price-to-earnings ratio of 36.27, a P/E/G ratio of 2.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.99. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $70.01. The business’s fifty day simple moving average is $62.50 and its two-hundred day simple moving average is $60.65.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. Nasdaq’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. Analysts predict that Nasdaq, Inc. will post 2.73 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.39%. Nasdaq’s dividend payout ratio (DPR) is 50.53%.

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.