Paralel Advisors LLC Acquires New Shares in Nasdaq, Inc. (NASDAQ:NDAQ)

Paralel Advisors LLC acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,166 shares of the financial services provider’s stock, valued at approximately $2,179,000.

Several other large investors have also added to or reduced their stakes in NDAQ. Ballentine Partners LLC lifted its holdings in shares of Nasdaq by 13.4% in the second quarter. Ballentine Partners LLC now owns 11,173 shares of the financial services provider’s stock worth $673,000 after buying an additional 1,317 shares in the last quarter. Caprock Group LLC lifted its stake in Nasdaq by 43.2% in the 2nd quarter. Caprock Group LLC now owns 7,259 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,190 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Nasdaq by 128.8% in the 2nd quarter. Acadian Asset Management LLC now owns 236,312 shares of the financial services provider’s stock worth $14,235,000 after purchasing an additional 133,010 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Nasdaq in the 2nd quarter valued at $1,310,000. Finally, Candriam S.C.A. grew its position in shares of Nasdaq by 22.5% during the 2nd quarter. Candriam S.C.A. now owns 53,535 shares of the financial services provider’s stock valued at $3,226,000 after purchasing an additional 9,828 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Oppenheimer lifted their price target on Nasdaq from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Bank of America raised Nasdaq from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $53.00 to $90.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price 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. Finally, Argus boosted their price target on shares of Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $71.69.

Nasdaq Trading Down 2.0 %

NASDAQ:NDAQ traded down $1.45 during midday trading on Friday, reaching $71.95. 3,970,651 shares of the stock traded hands, compared to its average volume of 2,927,106. The stock has a market capitalization of $41.39 billion, a P/E ratio of 37.87, a PEG ratio of 3.06 and a beta of 0.95. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $74.17. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day moving average of $66.67 and a 200 day moving average of $62.45.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data 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 business had revenue of $1.16 billion during 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 was up 25.3% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. On average, research analysts predict that Nasdaq, Inc. will post 2.74 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s payout ratio is 50.53%.

Insider Activity at Nasdaq

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s 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 transaction, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

About Nasdaq

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.