429 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Purchased by Hobbs Group Advisors LLC

Hobbs Group Advisors LLC purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 429 shares of the financial services provider’s stock, valued at approximately $26,000.

A number of other large investors also recently bought and sold shares of NDAQ. Thoma Bravo L.P. acquired a new position in shares of Nasdaq during the fourth quarter valued at approximately $4,166,454,000. Vanguard Group Inc. grew its position in shares of Nasdaq by 7.0% in 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 in the last quarter. Farallon Capital Management LLC grew its position in shares of 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 valued at $532,357,000 after purchasing an additional 1,866,219 shares in the last quarter. Norges Bank purchased a new stake in shares of Nasdaq in the fourth quarter valued at approximately $239,347,000. Finally, Bessemer Group Inc. grew 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 purchasing an additional 602,040 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq 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 sale, the insider now owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ stock traded up $0.02 during mid-day trading on Wednesday, hitting $70.11. 337,441 shares of the stock were exchanged, compared to its average volume of 2,971,056. The stock’s fifty day simple moving average is $63.55 and its two-hundred day simple moving average is $61.08. The stock has a market capitalization of $40.33 billion, a price-to-earnings ratio of 36.95, a P/E/G ratio of 2.72 and a beta of 0.94. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $70.43. 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 (NASDAQ:NDAQ) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. On average, analysts forecast that Nasdaq, Inc. will post 2.73 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s dividend payout ratio is currently 50.53%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upped their price target on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Rosenblatt Securities lowered Nasdaq from a “buy” rating to a “neutral” rating and dropped their price target for the company from $76.00 to $64.00 in a research report on Wednesday, May 8th. Barclays increased their price objective on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Oppenheimer raised their price target on Nasdaq from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.54.

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.