Nasdaq, Inc. (NASDAQ:NDAQ) Holdings Raised by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,072 shares of the financial services provider’s stock after buying an additional 3,133 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Nasdaq were worth $1,860,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd grew its stake in shares of Nasdaq by 94.8% in 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 in the last quarter. Hobbs Group Advisors LLC bought a new stake in Nasdaq in the second quarter worth approximately $26,000. Salem Investment Counselors Inc. increased its stake 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 worth $27,000 after purchasing an additional 201 shares during the last quarter. Crewe Advisors LLC raised 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 purchasing an additional 314 shares in the last quarter. 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 currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Barclays upped their price target on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Bank of America raised Nasdaq from an “underperform” rating to a “buy” rating and raised their price objective for the company from $53.00 to $90.00 in a research note on Wednesday, September 4th. Oppenheimer boosted 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, August 15th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

Insiders Place Their Bets

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’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 transaction of $2,764,295,688.06. Following the sale, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $74.29 on Friday. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $74.68. The company’s fifty day simple moving average is $69.08 and its 200-day simple moving average is $63.59. The company 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 company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly 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 company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business posted $0.71 EPS. The business’s quarterly revenue was up 25.3% on a year-over-year basis. As a group, sell-side analysts expect that Nasdaq, Inc. will post 2.74 EPS 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 issued a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 annualized dividend and a yield of 1.29%. Nasdaq’s dividend payout ratio (DPR) is 50.53%.

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.