Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Amalgamated Bank

Amalgamated Bank lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 75,135 shares of the financial services provider’s stock after buying an additional 4,640 shares during the period. Amalgamated Bank’s holdings in Nasdaq were worth $4,528,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Smithfield Trust Co lifted its stake in shares of Nasdaq by 22.0% during 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 lifted its position in Nasdaq by 1.6% during 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 grew its holdings in 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 buying an additional 200 shares during the period. Salem Investment Counselors Inc. increased its stake in shares of 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 during the last quarter. Finally, Y.D. More Investments Ltd lifted its holdings in shares of Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

Nasdaq stock opened at $74.29 on Friday. The firm has a market capitalization of $42.73 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $74.68. The stock’s 50 day moving average price is $69.08 and its 200 day moving average price is $63.59. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.16 billion for 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 revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, sell-side analysts expect that Nasdaq, Inc. will post 2.74 EPS for the current fiscal year.

Nasdaq Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Bank of America raised shares of 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. Barclays boosted their price objective on shares of Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased 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. Oppenheimer boosted their price target on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.08.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction 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 available through the SEC website. 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.