Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Shapiro Capital Management LLC

Shapiro Capital Management LLC lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 34.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,887,199 shares of the financial services provider’s stock after purchasing an additional 483,361 shares during the quarter. Nasdaq accounts for 3.4% of Shapiro Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Shapiro Capital Management LLC owned 0.33% of Nasdaq worth $113,723,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Morse Asset Management Inc lifted its stake in shares of Nasdaq by 11.0% in the second quarter. Morse Asset Management Inc now owns 11,739 shares of the financial services provider’s stock valued at $707,000 after buying an additional 1,160 shares in the last quarter. Evergreen Capital Management LLC lifted its position in Nasdaq by 5.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 197 shares in the last quarter. Magnetar Financial LLC acquired a new position in Nasdaq during the 2nd quarter valued at about $4,576,000. Public Sector Pension Investment Board increased its holdings in Nasdaq by 8.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 64,494 shares of the financial services provider’s stock worth $3,886,000 after purchasing an additional 4,842 shares in the last quarter. Finally, Discovery Capital Management LLC CT increased its holdings in Nasdaq by 185.7% during the 2nd quarter. Discovery Capital Management LLC CT now owns 100,000 shares of the financial services provider’s stock worth $6,026,000 after purchasing an additional 65,000 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Price Performance

NASDAQ NDAQ opened at $74.01 on Tuesday. The firm’s 50-day simple moving average is $69.30 and its two-hundred day simple moving average is $63.74. The company 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. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $74.88. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. Research analysts predict that Nasdaq, Inc. will post 2.74 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders 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 dividend yield of 1.30%. Nasdaq’s payout ratio is currently 50.53%.

Insider Buying and Selling

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,764,295,688.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Oppenheimer raised their price target on shares of Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. Bank of America upgraded shares of Nasdaq from an “underperform” rating to a “buy” rating and increased their price objective for the company from $53.00 to $90.00 in a research note on Wednesday, September 4th. Barclays lifted their target price on shares of Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped their target price on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.08.

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.