Motley Fool Asset Management LLC Has $1.20 Million Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Motley Fool Asset Management LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 11.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,937 shares of the financial services provider’s stock after buying an additional 1,981 shares during the period. Motley Fool Asset Management LLC’s holdings in Nasdaq were worth $1,195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. lifted 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 in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in Nasdaq during the 4th quarter worth about $29,000. LRI Investments LLC acquired a new position in Nasdaq during the 1st quarter valued at about $31,000. Allworth Financial LP lifted its position in Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 349 shares during the period. Finally, EntryPoint Capital LLC lifted its position in Nasdaq by 6,408.3% during the 1st quarter. EntryPoint Capital LLC now owns 781 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 769 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction that occurred on 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 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 available at this link. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

NDAQ has been the topic of a number of research reports. Edward Jones initiated coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They set a “buy” rating on the stock. StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Morgan Stanley upgraded shares of Nasdaq from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. Argus upped their target price on shares of Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Finally, Rosenblatt Securities downgraded shares of Nasdaq from a “buy” rating to a “neutral” rating and cut their target price for the company from $76.00 to $64.00 in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.25.

Nasdaq Stock Down 2.1 %

Shares of NDAQ traded down $1.47 during mid-day trading on Wednesday, hitting $67.68. 6,388,886 shares of the company’s stock were exchanged, compared to its average volume of 3,021,994. The company has a market cap of $38.93 billion, a PE ratio of 35.62, a P/E/G ratio of 2.74 and a beta of 0.94. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $70.01. The company has a 50-day simple moving average of $61.15 and a 200 day simple moving average of $59.98. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share 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 analysts’ expectations of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. On average, research analysts forecast that Nasdaq, Inc. will post 2.73 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed 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. This represents a $0.96 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, September 13th. Nasdaq’s payout ratio is presently 50.53%.

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.