ProShare Advisors LLC Has $4.66 Million Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

ProShare Advisors LLC lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 14.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,266 shares of the financial services provider’s stock after selling 13,476 shares during the period. ProShare Advisors LLC’s holdings in Nasdaq were worth $4,656,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Ensign Peak Advisors Inc lifted its stake in shares of Nasdaq by 12.8% in the second quarter. Ensign Peak Advisors Inc now owns 197,621 shares of the financial services provider’s stock worth $11,909,000 after acquiring an additional 22,385 shares during the period. Sompo Asset Management Co. Ltd. raised its holdings in Nasdaq by 52.3% during the 2nd quarter. Sompo Asset Management Co. Ltd. now owns 14,670 shares of the financial services provider’s stock worth $884,000 after purchasing an additional 5,040 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Nasdaq by 51.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 820,891 shares of the financial services provider’s stock worth $49,466,000 after purchasing an additional 277,597 shares during the period. Sei Investments Co. boosted its stake in shares of Nasdaq by 1.7% in the 2nd quarter. Sei Investments Co. now owns 233,014 shares of the financial services provider’s stock valued at $14,040,000 after purchasing an additional 3,872 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Nasdaq by 17.1% in the 2nd quarter. Pacer Advisors Inc. now owns 27,224 shares of the financial services provider’s stock valued at $1,641,000 after purchasing an additional 3,975 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

NDAQ has been the topic of several recent analyst reports. Bank of America upgraded shares of Nasdaq from an “underperform” rating to a “buy” rating and boosted their target price for the company from $53.00 to $90.00 in a report on Wednesday, September 4th. Barclays boosted their price objective on 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 raised their target price on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, TD Cowen initiated coverage on shares of Nasdaq in a research report on Thursday. They set a “hold” rating and a $83.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $72.86.

Insiders Place Their Bets

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 shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.

Nasdaq Trading Down 0.7 %

NASDAQ:NDAQ opened at $72.56 on Friday. 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, Inc. has a one year low of $46.88 and a one year high of $74.88. The company has a market cap of $41.74 billion, a PE ratio of 38.19, a PEG ratio of 3.04 and a beta of 0.95. The firm has a 50-day moving average of $69.90 and a 200-day moving average of $63.96.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. As a group, equities research analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

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.