Nasdaq, Inc. (NASDAQ:NDAQ) Stake Decreased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 999,259 shares of the financial services provider’s stock after selling 11,733 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.17% of Nasdaq worth $60,214,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Thoma Bravo L.P. acquired a new stake in shares of Nasdaq in the 4th quarter worth approximately $4,166,454,000. Vanguard Group Inc. lifted its position in Nasdaq by 7.0% in the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after purchasing an additional 3,173,981 shares during the period. Farallon Capital Management LLC boosted its stake in Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after purchasing an additional 1,866,219 shares in the last quarter. Norges Bank acquired a new position in shares of Nasdaq during the 4th quarter valued at $239,347,000. Finally, Bessemer Group Inc. raised its stake in shares of Nasdaq by 26.5% in the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock worth $181,609,000 after buying an additional 602,040 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction on 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 sale, the insider now owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of research analyst reports. Argus lifted their target price on Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Rosenblatt Securities lowered 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 note on Wednesday, May 8th. StockNews.com lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Barclays upped their price target on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” 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 nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.54.

Nasdaq Stock Up 0.1 %

NASDAQ:NDAQ traded up $0.05 during trading hours on Friday, hitting $69.83. 1,802,875 shares of the company’s stock traded hands, compared to its average volume of 3,001,211. The stock’s fifty day moving average price is $63.12 and its two-hundred day moving average price is $60.90. The firm has a market cap of $40.17 billion, a P/E ratio of 36.75, a P/E/G ratio of 2.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.94. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $70.01.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. On average, research analysts expect 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. Shareholders of record on Friday, September 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 annualized dividend and a yield of 1.37%. Nasdaq’s dividend 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.