Private Advisor Group LLC Purchases 2,045 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Private Advisor Group LLC raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 25.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,065 shares of the financial services provider’s stock after buying an additional 2,045 shares during the quarter. Private Advisor Group LLC’s holdings in Nasdaq were worth $607,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Thoma Bravo L.P. bought a new stake in shares of Nasdaq during the 4th quarter worth $4,166,454,000. Norges Bank bought a new position in shares of Nasdaq in the fourth quarter worth about $239,347,000. Vanguard Group Inc. boosted its stake in shares of Nasdaq by 7.0% in 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 purchasing an additional 3,173,981 shares in the last quarter. Farallon Capital Management LLC grew its holdings 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 valued at $532,357,000 after purchasing an additional 1,866,219 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC acquired a new position in Nasdaq during the 4th quarter worth approximately $96,241,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on NDAQ. Bank of America upgraded shares of Nasdaq from an “underperform” rating to a “buy” rating and raised their target price for the company from $53.00 to $90.00 in a research report on Wednesday, September 4th. Keefe, Bruyette & Woods raised their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Oppenheimer upped their target price on Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft increased 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. Finally, 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. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.08.

Nasdaq Stock Down 0.8 %

NDAQ stock opened at $72.70 on Wednesday. The stock’s 50 day simple moving average is $68.15 and its 200 day simple moving average is $63.17. The company has a market cap of $41.82 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $74.17.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. Nasdaq’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, research analysts expect that Nasdaq, Inc. will post 2.74 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid 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 yield of 1.32%. Nasdaq’s dividend payout ratio (DPR) is currently 50.53%.

Insiders Place Their Bets

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the transaction, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.