Fidelis Capital Partners LLC Decreases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Fidelis Capital Partners LLC lowered its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 16.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,612 shares of the financial services provider’s stock after selling 914 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Nasdaq were worth $308,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Thoma Bravo L.P. bought a new position in shares of Nasdaq during the 4th quarter valued at approximately $4,166,454,000. Vanguard Group Inc. grew its holdings in Nasdaq by 7.0% during the first 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 during the period. Farallon Capital Management LLC increased its position in Nasdaq by 28.4% in the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after buying an additional 1,866,219 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in Nasdaq by 2.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock worth $287,270,000 after buying an additional 94,122 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Nasdaq by 26.5% in the first quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock valued at $181,609,000 after buying an additional 602,040 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

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

Nasdaq Trading Down 0.4 %

Shares of Nasdaq stock opened at $74.01 on Tuesday. The company has a 50 day simple moving average of $69.30 and a two-hundred day simple moving average of $63.74. The firm has a market cap of $42.57 billion, a PE ratio of 38.95, a PEG ratio of 2.97 and a beta of 0.95. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $74.88. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last announced 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. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. Analysts expect that Nasdaq, Inc. will post 2.74 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.30%. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Insider Activity at Nasdaq

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by insiders.

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.