Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 11.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,350 shares of the financial services provider’s stock after acquiring an additional 3,719 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Nasdaq were worth $2,130,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Thoma Bravo L.P. bought a new stake in shares of Nasdaq during the fourth quarter valued at about $4,166,454,000. Vanguard Group Inc. increased its stake in Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after buying an additional 3,173,981 shares during the period. Farallon Capital Management LLC raised its position in shares of Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after buying an additional 1,866,219 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Nasdaq by 2.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock worth $287,270,000 after buying an additional 94,122 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Nasdaq by 26.5% in the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock worth $181,609,000 after acquiring an additional 602,040 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Oppenheimer upped their price objective on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, September 9th. Barclays raised their target price on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Bank of America upgraded shares of Nasdaq from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $53.00 to $90.00 in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

Nasdaq Stock Up 1.9 %

Shares of NASDAQ:NDAQ opened at $74.29 on Friday. The firm has a 50 day simple moving average of $68.61 and a 200 day simple moving average of $63.35. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $74.36. 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 company has a market cap of $42.73 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95.

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, beating analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, research analysts expect that Nasdaq, Inc. will post 2.74 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced 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 payout ratio 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.