Dimensional Fund Advisors LP Buys 174,778 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Dimensional Fund Advisors LP boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,358,843 shares of the financial services provider’s stock after acquiring an additional 174,778 shares during the quarter. Dimensional Fund Advisors LP owned 0.41% of Nasdaq worth $142,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NDAQ. Y.D. More Investments Ltd lifted 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 valued at $25,000 after buying an additional 202 shares during the period. Hobbs Group Advisors LLC bought a new position in shares of Nasdaq during the 2nd quarter valued at $26,000. Salem Investment Counselors Inc. lifted its holdings in shares of Nasdaq by 89.3% during the 1st 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 during the period. Crewe Advisors LLC lifted its holdings in shares of Nasdaq by 164.4% during the 2nd 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 during the period. Finally, LRI Investments LLC bought a new position in shares of Nasdaq during the 1st quarter valued at $31,000. 72.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Nasdaq Price Performance

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

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping 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 business 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 company posted $0.71 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Research analysts expect that Nasdaq, Inc. will post 2.74 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.24 per share. 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 (DPR) is presently 50.53%.

Insider Buying and Selling

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’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 transaction, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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.