Edgestream Partners L.P. Has $2.99 Million Position in Nasdaq, Inc. $NDAQ

Edgestream Partners L.P. lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 1,145.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,449 shares of the financial services provider’s stock after acquiring an additional 30,764 shares during the quarter. Edgestream Partners L.P.’s holdings in Nasdaq were worth $2,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Nasdaq by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 55,800,000 shares of the financial services provider’s stock worth $4,989,636,000 after purchasing an additional 2,820,339 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Nasdaq by 33.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 27,274,620 shares of the financial services provider’s stock valued at $2,438,897,000 after buying an additional 6,840,735 shares in the last quarter. Geode Capital Management LLC increased its holdings in Nasdaq by 0.8% in the second quarter. Geode Capital Management LLC now owns 11,456,699 shares of the financial services provider’s stock worth $1,020,366,000 after buying an additional 89,391 shares during the last quarter. Harris Associates L P raised its position in Nasdaq by 1.2% during the first quarter. Harris Associates L P now owns 8,693,469 shares of the financial services provider’s stock valued at $659,487,000 after acquiring an additional 101,983 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Nasdaq by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 5,785,047 shares of the financial services provider’s stock valued at $438,854,000 after acquiring an additional 484,750 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the sale, the executive vice president directly owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This represents a 2.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several analyst reports. Morgan Stanley upgraded shares of Nasdaq from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $97.00 to $110.00 in a research note on Thursday, November 20th. Raymond James Financial reissued an “outperform” rating and set a $100.00 target price (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. TD Cowen raised their target price on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Cowen reaffirmed a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a report on Thursday, October 9th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

Nasdaq Trading Up 2.2%

Shares of NASDAQ:NDAQ opened at $90.29 on Friday. The company has a market cap of $51.55 billion, a P/E ratio of 32.25, a P/E/G ratio of 1.61 and a beta of 1.02. The stock’s 50-day moving average is $88.05 and its 200-day moving average is $89.48. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $97.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 EPS. Equities research analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s dividend payout ratio is presently 38.57%.

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.