Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 53.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,599 shares of the financial services provider’s stock after selling 4,142 shares during the period. Headlands Technologies LLC’s holdings in Nasdaq were worth $217,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NDAQ. Hobbs Group Advisors LLC bought a new position in Nasdaq in the second quarter worth about $26,000. Salem Investment Counselors Inc. lifted its holdings in shares of Nasdaq by 89.3% in 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 last quarter. Crewe Advisors LLC lifted its holdings in shares of Nasdaq by 164.4% in 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 acquired a new position in Nasdaq during the 1st quarter valued at approximately $31,000. Finally, New Millennium Group LLC bought a new position in Nasdaq during the 2nd quarter worth $34,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Up 0.6 %

NDAQ opened at $73.00 on Friday. 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 market capitalization of $42.04 billion, a PE ratio of 38.42, a P/E/G ratio of 2.97 and a beta of 0.95. The stock’s fifty day moving average is $67.89 and its 200-day moving average is $62.95. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $74.17.

Nasdaq (NASDAQ:NDAQ) last issued 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 analysts’ expectations of $1.13 billion. During the same period in the previous year, the business earned $0.71 earnings per share. 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 Announces Dividend

The firm also recently announced 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 yield of 1.32%. The ex-dividend date is Friday, September 13th. Nasdaq’s payout ratio is 50.53%.

Insiders Place Their Bets

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the 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 in the company, valued at approximately $2,764,295,688.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of recent research reports. Bank of America upgraded Nasdaq from an “underperform” rating to a “buy” rating and raised their target price for the company from $53.00 to $90.00 in a research note on Wednesday, September 4th. Oppenheimer boosted their target price on shares of Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, September 9th. Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft lifted their price target on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Finally, Barclays increased their price objective on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $72.08.

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.