Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 24.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,803 shares of the financial services provider’s stock after selling 7,010 shares during the quarter. Diversified Trust Co’s holdings in Nasdaq were worth $1,592,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Nasdaq by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after acquiring an additional 3,173,981 shares during the period. Farallon Capital Management LLC boosted its position in Nasdaq by 28.4% during 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 purchasing an additional 1,866,219 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings 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 valued at $287,270,000 after purchasing an additional 94,122 shares during the last quarter. Bessemer Group Inc. increased its position 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Nasdaq by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock worth $147,272,000 after buying an additional 82,606 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods raised their price objective 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. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price objective on shares of Nasdaq in a research report on Tuesday. UBS Group increased their target price on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Oppenheimer boosted their price target on Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.73.

Nasdaq Trading Up 1.9 %

Shares of NDAQ stock opened at $72.19 on Wednesday. Nasdaq, Inc. has a 1-year low of $47.56 and a 1-year high of $74.88. The firm’s 50-day simple moving average is $71.04 and its 200-day simple moving average is $64.68. The firm has a market cap of $41.52 billion, a P/E ratio of 37.99, a PEG ratio of 3.04 and a beta of 0.95. 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 quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.16 billion for 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%. Nasdaq’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. As a group, equities analysts forecast that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Insiders Place Their Bets

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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.