Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 17.1% during the 2nd quarter, Holdings Channel reports. The fund owned 27,224 shares of the financial services provider’s stock after acquiring an additional 3,975 shares during the quarter. Pacer Advisors Inc.’s holdings in Nasdaq were worth $1,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. ASB Consultores LLC boosted its stake in Nasdaq by 42.2% during the 2nd quarter. ASB Consultores LLC now owns 8,448 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 2,509 shares in the last quarter. Intech Investment Management LLC boosted its stake in Nasdaq by 38.5% during the 2nd quarter. Intech Investment Management LLC now owns 62,178 shares of the financial services provider’s stock valued at $3,747,000 after purchasing an additional 17,269 shares in the last quarter. Kentucky Retirement Systems boosted its stake in Nasdaq by 10.9% during the 2nd quarter. Kentucky Retirement Systems now owns 28,674 shares of the financial services provider’s stock valued at $1,728,000 after purchasing an additional 2,822 shares in the last quarter. First Washington CORP boosted its stake in Nasdaq by 16.0% during the 2nd quarter. First Washington CORP now owns 46,504 shares of the financial services provider’s stock valued at $2,802,000 after purchasing an additional 6,422 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its stake in Nasdaq by 11.8% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 35,350 shares of the financial services provider’s stock valued at $2,130,000 after purchasing an additional 3,719 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NDAQ shares. Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Barclays raised their price objective 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 price objective on Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, September 9th. TD Cowen started coverage on Nasdaq in a research note on Thursday. They set a “hold” rating and a $83.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised their price objective on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.86.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $72.56 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $74.88. The business has a fifty day simple moving average of $69.90 and a 200 day simple moving average of $63.96. The firm has a market cap of $41.74 billion, a price-to-earnings ratio of 38.19, a P/E/G ratio of 3.04 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced 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. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the company earned $0.71 earnings per share. Nasdaq’s quarterly revenue was up 25.3% compared to the same quarter last year. As a group, sell-side analysts predict that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.32%. Nasdaq’s dividend payout ratio is 50.53%.

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.