Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.7% in the second quarter, Holdings Channel.com reports. The fund owned 233,014 shares of the financial services provider’s stock after purchasing an additional 3,872 shares during the period. Sei Investments Co.’s holdings in Nasdaq were worth $14,040,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NDAQ. Y.D. More Investments Ltd increased its holdings in 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 last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq in the second quarter valued at $26,000. Salem Investment Counselors Inc. raised its holdings 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 buying an additional 201 shares during the period. Crewe Advisors LLC lifted its stake in Nasdaq by 164.4% during the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 314 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in Nasdaq during the 1st quarter valued at about $31,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Trading Up 0.1 %

NASDAQ:NDAQ opened at $72.60 on Friday. 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, Inc. has a 1 year low of $46.88 and a 1 year high of $74.88. The stock has a market cap of $41.76 billion, a P/E ratio of 38.21, a P/E/G ratio of 3.04 and a beta of 0.95. The stock has a 50-day simple moving average of $70.10 and a 200-day simple moving average of $64.04.

Nasdaq (NASDAQ:NDAQ) last announced 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. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. As a group, analysts anticipate that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is 50.53%.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’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 completion of the transaction, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NDAQ shares. Keefe, Bruyette & Woods boosted their price target 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. TD Cowen initiated coverage on shares of Nasdaq in a research report on Thursday. They issued a “hold” rating and a $83.00 price target for the company. Royal Bank of Canada initiated coverage on Nasdaq in a research report on Friday. They set an “outperform” rating and a $88.00 price objective on the stock. Finally, Barclays lifted their target price on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.87.

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.