Edgestream Partners L.P. Invests $1.22 Million in Nasdaq, Inc. (NASDAQ:NDAQ)

Edgestream Partners L.P. acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,231 shares of the financial services provider’s stock, valued at approximately $1,219,000.

Several other large investors have also modified their holdings of NDAQ. Gladstone Institutional Advisory LLC bought a new stake in shares of Nasdaq during the 4th quarter worth $219,000. Coldstream Capital Management Inc. boosted its stake in shares of Nasdaq by 29.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,189 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 1,401 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Nasdaq by 2.8% during the 4th quarter. Corient Private Wealth LLC now owns 117,691 shares of the financial services provider’s stock worth $6,843,000 after acquiring an additional 3,251 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Nasdaq by 25.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 44,195 shares of the financial services provider’s stock worth $2,570,000 after buying an additional 9,096 shares during the period. Finally, SageView Advisory Group LLC acquired a new stake in shares of Nasdaq in the fourth quarter worth $259,000. 72.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $74.29 on Friday. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $74.68. The business has a 50-day moving average of $68.85 and a two-hundred day moving average of $63.42. The stock has a market capitalization of $42.73 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq, Inc. will post 2.74 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. Nasdaq’s dividend payout ratio is currently 50.53%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on 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 raised their target price on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Barclays raised their target price on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Bank of America raised Nasdaq from an “underperform” rating to a “buy” rating and raised their target price for the stock from $53.00 to $90.00 in a research report on Wednesday, September 4th. Finally, Oppenheimer raised their target price on Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and a consensus price target of $72.08.

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.