Intech Investment Management LLC Buys 17,269 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Intech Investment Management LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 38.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,178 shares of the financial services provider’s stock after acquiring an additional 17,269 shares during the period. Intech Investment Management LLC’s holdings in Nasdaq were worth $3,747,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NDAQ. Gladstone Institutional Advisory LLC acquired a new stake in shares of Nasdaq in the 4th quarter valued at approximately $219,000. Coldstream Capital Management Inc. lifted its stake in Nasdaq by 29.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,189 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 1,401 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Nasdaq by 2.8% in the 4th quarter. Corient Private Wealth LLC now owns 117,691 shares of the financial services provider’s stock valued at $6,843,000 after acquiring an additional 3,251 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Nasdaq by 25.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 44,195 shares of the financial services provider’s stock worth $2,570,000 after purchasing an additional 9,096 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at about $259,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Price Performance

Shares of NDAQ opened at $74.29 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $74.68. The firm’s 50 day moving average is $69.08 and its 200-day moving average is $63.59. The stock has a market capitalization of $42.73 billion, a PE ratio of 39.10, a P/E/G ratio of 2.97 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data 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. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. Equities research analysts forecast that Nasdaq, Inc. will post 2.74 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, September 13th. This represents a $0.96 annualized dividend and a yield of 1.29%. Nasdaq’s dividend payout ratio is 50.53%.

Insiders Place Their Bets

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were 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 approximately $2,764,295,688.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

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

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.