MBB Public Markets I LLC Grows Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

MBB Public Markets I LLC increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 609.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,237 shares of the financial services provider’s stock after purchasing an additional 25,114 shares during the quarter. MBB Public Markets I LLC’s holdings in Nasdaq were worth $1,762,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in shares of Nasdaq by 7.5% during the first quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock worth $15,198,000 after purchasing an additional 16,797 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Nasdaq by 312.0% during the 1st quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock worth $11,601,000 after purchasing an additional 139,228 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Nasdaq by 237.3% in the first quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock valued at $1,946,000 after purchasing an additional 21,699 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Nasdaq by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after purchasing an additional 57,900 shares during the last quarter. Finally, Swedbank AB purchased a new position in Nasdaq during the first quarter worth approximately $2,595,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several analyst reports. Bank of America upgraded Nasdaq from an “underperform” rating to a “buy” rating and upped their target price for the company from $53.00 to $90.00 in a report on Wednesday, September 4th. TD Cowen started coverage on shares of Nasdaq in a research note on Thursday. They set a “hold” rating and a $83.00 target price on the stock. Keefe, Bruyette & Woods increased their price target on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Barclays upped their price objective on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada initiated coverage on Nasdaq in a research report on Friday. They issued an “outperform” rating and a $88.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.87.

Insider Activity at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction 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 sale, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Stock Up 0.1 %

Shares of NASDAQ:NDAQ opened at $72.60 on Monday. The firm’s 50-day moving average is $70.10 and its two-hundred day moving average is $64.11. 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 1 year low of $46.88 and a 1 year high of $74.88. The firm has a market capitalization of $41.76 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. Analysts predict that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed 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 dividend yield of 1.32%. The ex-dividend date was Friday, September 13th. Nasdaq’s dividend payout ratio is presently 50.53%.

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.