Meiji Yasuda Asset Management Co Ltd. Has $390,000 Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 32.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,472 shares of the financial services provider’s stock after acquiring an additional 1,602 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Nasdaq were worth $390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its holdings in Nasdaq by 7.5% in the first quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock valued at $15,198,000 after purchasing an additional 16,797 shares during the period. SG Americas Securities LLC increased its stake in shares of Nasdaq by 312.0% in the first quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock valued at $11,601,000 after buying an additional 139,228 shares during the period. Quantbot Technologies LP increased its stake in shares of Nasdaq by 237.3% in the first quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock valued at $1,946,000 after buying an additional 21,699 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Nasdaq by 12.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock worth $32,624,000 after acquiring an additional 57,900 shares during the last quarter. Finally, Crestline Management LP acquired a new position in shares of Nasdaq in the fourth quarter worth approximately $11,221,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Price Performance

NDAQ opened at $74.29 on Friday. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $74.68. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $42.73 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 2.97 and a beta of 0.95. The firm’s fifty day moving average price is $69.08 and its two-hundred day moving average price is $63.59.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 EPS 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 firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, analysts anticipate that Nasdaq, Inc. will post 2.74 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed 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 is Friday, September 13th. This represents a $0.96 annualized dividend and a yield of 1.29%. Nasdaq’s dividend payout ratio is currently 50.53%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other 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 sale, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

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.