Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 52.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,670 shares of the financial services provider’s stock after acquiring an additional 5,040 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Nasdaq were worth $884,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smithfield Trust Co boosted its position in shares of Nasdaq by 22.0% in the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock worth $59,000 after buying an additional 173 shares during the period. Greenleaf Trust boosted its position in Nasdaq by 1.6% during the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 183 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Nasdaq by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after acquiring an additional 200 shares during the period. Salem Investment Counselors Inc. grew its stake in Nasdaq by 89.3% during 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 in the last quarter. Finally, Y.D. More Investments Ltd increased its holdings in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

Nasdaq Price Performance

Shares of NDAQ stock opened at $74.29 on Friday. The company has a market capitalization of $42.73 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 2.97 and a beta of 0.95. 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 stock’s 50 day simple moving average is $69.08 and its 200 day simple moving average is $63.54. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $74.68.

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

Nasdaq Dividend Announcement

The business also recently disclosed 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 1.29%. Nasdaq’s payout ratio is 50.53%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NDAQ. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Bank of America upgraded shares of Nasdaq from an “underperform” rating to a “buy” rating and boosted their price target for the company from $53.00 to $90.00 in a report on Wednesday, September 4th. Oppenheimer increased their price objective on Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, September 9th. Barclays boosted their target price on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised their price target 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, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $72.08.

Nasdaq Company 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.