AQR Capital Management LLC Sells 4,451 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

AQR Capital Management LLC lessened its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 201,954 shares of the financial services provider’s stock after selling 4,451 shares during the quarter. AQR Capital Management LLC’s holdings in Nasdaq were worth $12,107,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Smithfield Trust Co grew its position in Nasdaq by 22.0% during the 1st quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 173 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Nasdaq by 1.6% during the first quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 183 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Nasdaq by 5.4% during the second quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 197 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Nasdaq by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock valued at $1,967,000 after buying an additional 200 shares during the period. Finally, Salem Investment Counselors Inc. boosted its position in 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 buying an additional 201 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NDAQ shares. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Barclays boosted their price objective on shares of Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Royal Bank of Canada started coverage on Nasdaq in a report on Friday, September 27th. They set an “outperform” rating and a $88.00 target price on the stock. Oppenheimer increased their price target on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, September 9th. Finally, TD Cowen began coverage on Nasdaq in a research note on Thursday, September 26th. They issued a “hold” rating and a $83.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.87.

Nasdaq Stock Up 0.1 %

Shares of NASDAQ NDAQ opened at $73.05 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The firm has a market cap of $42.02 billion, a PE ratio of 38.45, a P/E/G ratio of 3.04 and a beta of 0.95. The company’s fifty day simple moving average is $70.50 and its 200 day simple moving average is $64.30. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $74.88.

Nasdaq (NASDAQ:NDAQ) last issued 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 company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the business posted $0.71 EPS. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. Nasdaq’s dividend payout ratio is 50.53%.

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is 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.