ASB Consultores LLC Acquires 2,509 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

ASB Consultores LLC grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 42.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,448 shares of the financial services provider’s stock after purchasing an additional 2,509 shares during the quarter. ASB Consultores LLC’s holdings in Nasdaq were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NDAQ. Y.D. More Investments Ltd raised its holdings in shares of Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in Nasdaq in the 2nd quarter worth $26,000. Salem Investment Counselors Inc. raised its holdings in Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 201 shares during the period. Crewe Advisors LLC raised its holdings in Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 314 shares during the period. Finally, LRI Investments LLC bought a new position in Nasdaq in the 1st quarter worth $31,000. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Oppenheimer boosted their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, September 9th. Bank of America upgraded shares of Nasdaq from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $53.00 to $90.00 in a report on Wednesday, September 4th. Finally, Barclays boosted their price objective on shares of Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.08.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $74.29 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s 50-day simple moving average is $68.61 and its 200-day simple moving average is $63.35. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $74.36. The firm has a market cap of $42.73 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue was up 25.3% on a year-over-year basis. As a group, research analysts expect that Nasdaq, Inc. will post 2.74 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders 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 yield of 1.29%. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Nasdaq 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.