Rothschild Investment LLC Acquires Shares of 1,250 Nasdaq, Inc. (NASDAQ:NDAQ)

Rothschild Investment LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,250 shares of the financial services provider’s stock, valued at approximately $75,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thoma Bravo L.P. acquired a new position in Nasdaq in the 4th quarter worth $4,166,454,000. Norges Bank purchased a new position in Nasdaq in the fourth quarter valued at about $239,347,000. Vanguard Group Inc. grew its stake in Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after purchasing an additional 3,173,981 shares in the last quarter. Farallon Capital Management LLC raised its position in shares of Nasdaq by 28.4% in the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after purchasing an additional 1,866,219 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC purchased a new position in shares of Nasdaq during the 4th quarter valued at approximately $96,241,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Trading Up 2.9 %

Shares of NASDAQ:NDAQ opened at $73.48 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $66.17 and its 200 day moving average price is $62.20. The company has a market cap of $42.27 billion, a PE ratio of 38.67, a P/E/G ratio of 3.06 and a beta of 0.94. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $74.17.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. Sell-side analysts anticipate that Nasdaq, Inc. will post 2.74 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. Nasdaq’s payout ratio is 50.53%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NDAQ. Argus lifted their price target on shares of Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Oppenheimer upped their target price on shares of Nasdaq from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Bank of America upgraded Nasdaq from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $90.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Rosenblatt Securities lowered Nasdaq from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $76.00 to $64.00 in a research report on Wednesday, May 8th. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $71.69.

Insider Activity

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction dated Monday, July 29th. The shares were 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 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 accessible through this link. Corporate insiders own 0.70% of the company’s stock.

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.