Copeland Capital Management LLC Sells 540 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Copeland Capital Management LLC decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.9% during the 3rd quarter, Holdings Channel reports. The firm owned 18,368 shares of the financial services provider’s stock after selling 540 shares during the quarter. Copeland Capital Management LLC’s holdings in Nasdaq were worth $1,341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after purchasing an additional 3,173,981 shares in the last quarter. Farallon Capital Management LLC boosted its position in shares of Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after purchasing an additional 1,866,219 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Nasdaq by 2.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock valued at $287,270,000 after purchasing an additional 94,122 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Nasdaq by 26.5% during the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock valued at $181,609,000 after purchasing an additional 602,040 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Nasdaq by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock valued at $147,272,000 after purchasing an additional 82,606 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

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 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 directly owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ opened at $74.29 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $42.73 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 2.99 and a beta of 0.95. The stock has a 50 day moving average of $72.15 and a 200 day moving average of $65.38. Nasdaq, Inc. has a 12 month low of $47.56 and a 12 month high of $74.93.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 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 company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the business posted $0.71 earnings per share. Nasdaq’s revenue was up 25.3% on a year-over-year basis. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a report on Monday, October 14th. TD Cowen assumed coverage on Nasdaq in a report on Thursday, September 26th. They issued a “hold” rating and a $83.00 price target on the stock. The Goldman Sachs Group increased their price objective on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Barclays increased their price objective on Nasdaq from $77.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.07.

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.