Blair William & Co. IL Buys 4,200 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Blair William & Co. IL increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 15.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,822 shares of the financial services provider’s stock after purchasing an additional 4,200 shares during the quarter. Blair William & Co. IL’s holdings in Nasdaq were worth $1,918,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. 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 worth $25,000 after buying an additional 202 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of Nasdaq by 89.3% in the first 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 last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $26,000. LRI Investments LLC bought a new stake in shares of Nasdaq during the 1st quarter valued at approximately $31,000. Finally, Crewe Advisors LLC increased its position in Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling at Nasdaq

In other 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 transaction of $2,764,295,688.06. Following the completion of the sale, the insider now directly 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 at this hyperlink. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NDAQ stock opened at $74.01 on Tuesday. The firm has a market cap of $42.57 billion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95. 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 stock has a 50-day moving average price of $69.30 and a 200-day moving average price of $63.74. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $74.88.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company’s 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 earnings per share. As a group, equities research analysts expect that Nasdaq, Inc. will post 2.74 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. 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.