Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 18.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,652 shares of the financial services provider’s stock after selling 1,773 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Nasdaq were worth $461,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NDAQ. Hobbs Group Advisors LLC acquired a new stake in Nasdaq during the second quarter worth $26,000. Salem Investment Counselors Inc. grew its holdings in shares of 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 purchasing an additional 201 shares during the period. Crewe Advisors LLC increased its position in shares of Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares during the last quarter. LRI Investments LLC purchased a new stake in Nasdaq in the 1st quarter valued at about $31,000. Finally, New Millennium Group LLC purchased a new stake in Nasdaq in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’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 sale, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays upped their price target on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Oppenheimer raised their target price on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Monday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their price target on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Bank of America upgraded Nasdaq from an “underperform” rating to a “buy” rating and increased their price objective for the company from $53.00 to $90.00 in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

Nasdaq Stock Up 0.5 %

Shares of NASDAQ:NDAQ opened at $72.08 on Thursday. The firm has a 50 day simple moving average of $67.39 and a 200-day simple moving average of $62.77. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $74.17. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $41.46 billion, a PE ratio of 37.94, a P/E/G ratio of 2.94 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business earned $0.71 EPS. Nasdaq’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, equities analysts predict that Nasdaq, Inc. will post 2.74 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced 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 1.33%. The ex-dividend date is Friday, September 13th. Nasdaq’s payout ratio is currently 50.53%.

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.