Nasdaq, Inc. $NDAQ Holdings Lifted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 71.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 514,451 shares of the financial services provider’s stock after acquiring an additional 213,606 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.09% of Nasdaq worth $46,002,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in shares of Nasdaq by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,785,047 shares of the financial services provider’s stock worth $438,854,000 after purchasing an additional 484,750 shares during the last quarter. Vanguard Group Inc. lifted its stake in Nasdaq by 0.8% during the first quarter. Vanguard Group Inc. now owns 52,979,661 shares of the financial services provider’s stock valued at $4,019,037,000 after purchasing an additional 403,248 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new stake in Nasdaq during the first quarter worth approximately $782,000. Charles Schwab Investment Management Inc. grew its position in Nasdaq by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,416,602 shares of the financial services provider’s stock worth $183,323,000 after buying an additional 48,681 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Nasdaq by 13.3% in the first quarter. Deutsche Bank AG now owns 1,830,405 shares of the financial services provider’s stock valued at $138,855,000 after buying an additional 214,823 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

NDAQ stock opened at $90.22 on Friday. The firm has a 50 day simple moving average of $88.10 and a 200 day simple moving average of $89.54. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63. The stock has a market cap of $51.51 billion, a P/E ratio of 32.22, a P/E/G ratio of 1.64 and a beta of 1.02. 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 released its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. Research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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

Analyst Ratings Changes

NDAQ has been the subject of several research reports. TD Cowen raised their price objective on Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Barclays set a $109.00 target price on Nasdaq and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a research report on Tuesday, October 14th. Royal Bank Of Canada restated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a report on Thursday, October 9th. Finally, Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $97.00 to $110.00 in a research note on Thursday, November 20th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

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.