Edgestream Partners L.P. Purchases New Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Edgestream Partners L.P. purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,231 shares of the financial services provider’s stock, valued at approximately $1,219,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd raised its stake in Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in Nasdaq during the second quarter valued at approximately $26,000. Salem Investment Counselors Inc. raised its stake in Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after buying an additional 201 shares in the last quarter. Crewe Advisors LLC raised its stake in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 314 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in Nasdaq during the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

NDAQ opened at $74.29 on Friday. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month 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 stock 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. The stock’s 50 day moving average price is $68.85 and its 200 day moving average price is $63.42.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results 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 return on equity of 15.45% and a net margin of 14.43%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm earned $0.71 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. As a group, research analysts predict that Nasdaq, Inc. will post 2.74 earnings per share for the current year.

Nasdaq Announces Dividend

The company 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. This represents a $0.96 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s payout ratio is currently 50.53%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NDAQ. Oppenheimer upped their price objective on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, September 9th. Barclays increased their price target on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Bank of America upgraded Nasdaq from an “underperform” rating to a “buy” rating and increased their price target for the stock from $53.00 to $90.00 in a research report on Wednesday, September 4th. Keefe, Bruyette & Woods increased their price target 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 increased 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.08.

Insider Buying and Selling at Nasdaq

In other Nasdaq 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 completion of the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

About Nasdaq

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.