Millennium Management LLC Has $62.63 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Millennium Management LLC lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 80.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,039,404 shares of the financial services provider’s stock after selling 4,282,895 shares during the quarter. Millennium Management LLC’s holdings in Nasdaq were worth $62,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its stake in Nasdaq by 25.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 44,195 shares of the financial services provider’s stock valued at $2,570,000 after buying an additional 9,096 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Nasdaq by 22.2% during the fourth quarter. Parallel Advisors LLC now owns 3,767 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 685 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Nasdaq by 3.4% during the fourth quarter. TD Asset Management Inc now owns 252,028 shares of the financial services provider’s stock worth $14,653,000 after purchasing an additional 8,375 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Nasdaq by 13.6% during the fourth quarter. Stifel Financial Corp now owns 241,074 shares of the financial services provider’s stock worth $14,016,000 after purchasing an additional 28,903 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in shares of Nasdaq by 35,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,457 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 2,450 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Up 0.1 %

NASDAQ:NDAQ opened at $72.60 on Monday. 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 cap of $41.76 billion, a PE ratio of 38.21, a PEG ratio of 3.04 and a beta of 0.95. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $74.88. The stock has a 50-day simple moving average of $70.10 and a 200 day simple moving average of $64.11.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. Nasdaq’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. On average, sell-side analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.24 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.32%. Nasdaq’s dividend payout ratio is 50.53%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Bank of America raised Nasdaq from an “underperform” rating to a “buy” rating and increased their target price for the company from $53.00 to $90.00 in a research note on Wednesday, September 4th. TD Cowen began coverage on Nasdaq in a research note on Thursday. They issued a “hold” rating and a $83.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Oppenheimer raised their price target on Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.87.

Insider Buying and Selling at Nasdaq

In other Nasdaq 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 directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.