Diversified Trust Co Purchases 3,030 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Diversified Trust Co boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,839 shares of the financial services provider’s stock after purchasing an additional 3,030 shares during the period. Diversified Trust Co’s holdings in Nasdaq were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of NDAQ. Salem Investment Counselors Inc. grew its holdings in shares of Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after buying an additional 201 shares during the last quarter. Bollard Group LLC raised its position in Nasdaq by 0.4% during the 4th quarter. Bollard Group LLC now owns 71,273 shares of the financial services provider’s stock worth $4,144,000 after buying an additional 274 shares during the last quarter. Ridgewood Investments LLC increased its stake in shares of Nasdaq by 1.1% in the first quarter. Ridgewood Investments LLC now owns 26,134 shares of the financial services provider’s stock worth $1,649,000 after acquiring an additional 274 shares during the period. State of Michigan Retirement System raised its holdings in shares of Nasdaq by 0.3% during the fourth quarter. State of Michigan Retirement System now owns 93,190 shares of the financial services provider’s stock worth $5,418,000 after purchasing an additional 300 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Nasdaq by 1.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,178 shares of the financial services provider’s stock valued at $1,697,000 after purchasing an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NDAQ. Barclays lowered their target price on Nasdaq from $76.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, April 26th. Keefe, Bruyette & Woods dropped their price objective on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Edward Jones initiated coverage on shares of Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating for the company. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $80.00 in a report on Tuesday, April 9th. Finally, StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.00.

Nasdaq Trading Down 1.3 %

Shares of Nasdaq stock opened at $59.48 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.90. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $64.25. The firm has a market capitalization of $34.21 billion, a PE ratio of 31.31, a P/E/G ratio of 3.27 and a beta of 0.94. The firm’s 50-day moving average price is $60.26 and its 200 day moving average price is $59.03.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business earned $0.69 EPS. The business’s revenue was up 22.2% compared to the same quarter last year. On average, sell-side analysts predict that Nasdaq, Inc. will post 2.68 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Friday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s payout ratio is 50.53%.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total transaction of $181,826.04. Following the transaction, the executive vice president now directly owns 58,636 shares in the company, valued at $3,511,710.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Nasdaq 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.