Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Discovery Capital Management LLC CT

Discovery Capital Management LLC CT grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 185.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 100,000 shares of the financial services provider’s stock after buying an additional 65,000 shares during the quarter. Nasdaq accounts for approximately 0.8% of Discovery Capital Management LLC CT’s portfolio, making the stock its 27th biggest position. Discovery Capital Management LLC CT’s holdings in Nasdaq were worth $6,026,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Corient Private Wealth LLC lifted its position in shares of Nasdaq by 2.8% during the 4th quarter. Corient Private Wealth LLC now owns 117,691 shares of the financial services provider’s stock worth $6,843,000 after purchasing an additional 3,251 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Nasdaq by 25.9% during the fourth 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 in the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Nasdaq during the 4th quarter worth approximately $259,000. Neuberger Berman Group LLC boosted its holdings in shares of Nasdaq by 7.9% in the 4th quarter. Neuberger Berman Group LLC now owns 114,868 shares of the financial services provider’s stock valued at $6,678,000 after buying an additional 8,409 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Nasdaq by 22.2% in the 4th quarter. Parallel Advisors LLC now owns 3,767 shares of the financial services provider’s stock valued at $219,000 after buying an additional 685 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $2,764,295,688.06. Following 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 filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Nasdaq Price Performance

NDAQ stock opened at $74.29 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $69.08 and its 200 day moving average price is $63.63. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $74.68. The company has a market cap of $42.73 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.97 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released 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 the consensus estimate of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. Nasdaq’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. On average, research analysts expect that Nasdaq, Inc. will post 2.74 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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

Analysts Set New Price Targets

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