Los Angeles Capital Management LLC Purchases Shares of 21,739 Nasdaq, Inc. (NASDAQ:NDAQ)

Los Angeles Capital Management LLC acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 21,739 shares of the financial services provider’s stock, valued at approximately $1,310,000.

A number of other institutional investors also recently made changes to their positions in NDAQ. Smithfield Trust Co raised its position in Nasdaq by 22.0% in the 1st quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 173 shares during the period. Greenleaf Trust increased its holdings in shares of Nasdaq by 1.6% in the first quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock worth $715,000 after buying an additional 183 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Nasdaq by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock valued at $1,967,000 after acquiring an additional 200 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake 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 valued at $27,000 after acquiring an additional 201 shares during the last quarter. Finally, Hilltop National Bank boosted its holdings in Nasdaq by 18.6% during the 2nd quarter. Hilltop National Bank now owns 1,591 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Activity

In related 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 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 directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

Nasdaq Stock Up 0.5 %

NDAQ stock opened at $72.08 on Thursday. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $74.17. The business’s 50 day moving average price is $67.39 and its two-hundred day moving average price is $62.77. 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 $41.46 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 2.94 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm 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%. The company’s 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. As a group, analysts forecast that Nasdaq, Inc. will post 2.74 earnings per share 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 paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. Nasdaq’s dividend payout ratio is presently 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.