Maverick Capital Ltd. Has $47.18 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Maverick Capital Ltd. boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 24.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 783,000 shares of the financial services provider’s stock after buying an additional 153,807 shares during the quarter. Maverick Capital Ltd. owned approximately 0.14% of Nasdaq worth $47,184,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its holdings in Nasdaq by 25.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 44,195 shares of the financial services provider’s stock valued at $2,570,000 after buying an additional 9,096 shares in the last quarter. Parallel Advisors LLC increased its position in Nasdaq by 22.2% during the fourth quarter. Parallel Advisors LLC now owns 3,767 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 685 shares during the period. TD Asset Management Inc raised its stake in Nasdaq by 3.4% in the 4th quarter. TD Asset Management Inc now owns 252,028 shares of the financial services provider’s stock worth $14,653,000 after purchasing an additional 8,375 shares in the last quarter. Stifel Financial Corp raised its stake in Nasdaq by 13.6% in the 4th quarter. Stifel Financial Corp now owns 241,074 shares of the financial services provider’s stock worth $14,016,000 after purchasing an additional 28,903 shares in the last quarter. Finally, Legacy Advisors LLC boosted its holdings in Nasdaq by 14.1% in the 4th quarter. Legacy Advisors LLC now owns 5,480 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 678 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’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 transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Nasdaq Price Performance

NDAQ stock opened at $72.56 on Friday. The company has a 50 day simple moving average of $69.90 and a 200 day simple moving average of $63.96. The stock has a market cap of $41.74 billion, a price-to-earnings ratio of 38.19, a P/E/G ratio of 3.04 and a beta of 0.95. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $74.88. 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 released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business 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 firm’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 EPS. Research analysts anticipate that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors 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 yield of 1.32%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s dividend payout ratio is 50.53%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Oppenheimer upped their target price on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. 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 report on Friday, July 26th. Bank of America raised 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 research note on Wednesday, September 4th. Finally, TD Cowen assumed coverage on shares of Nasdaq in a research note on Thursday. They set a “hold” rating and a $83.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.86.

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.