Motley Fool Asset Management LLC Purchases 2,848 Shares of Nasdaq, Inc. $NDAQ

Motley Fool Asset Management LLC boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 10.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,602 shares of the financial services provider’s stock after acquiring an additional 2,848 shares during the period. Motley Fool Asset Management LLC’s holdings in Nasdaq were worth $2,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC increased its position in shares of Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after buying an additional 120 shares during the period. First Command Advisory Services Inc. bought a new stake in shares of Nasdaq during the first quarter valued at about $30,000. CVA Family Office LLC increased its position in shares of Nasdaq by 137.4% during the second quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock valued at $33,000 after buying an additional 213 shares during the period. AlphaQuest LLC bought a new stake in shares of Nasdaq during the first quarter valued at about $34,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Nasdaq during the second quarter valued at about $37,000. 72.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NDAQ shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a research report on Tuesday, October 14th. The Goldman Sachs Group reiterated a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. Oppenheimer reiterated an “outperform” rating and set a $101.00 price target (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. TD Cowen upped their price objective on shares of Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Finally, UBS Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $95.00 to $115.00 in a research report on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.56.

Nasdaq Stock Down 0.9%

NDAQ stock opened at $87.96 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $90.99 and its 200 day moving average is $87.44. The stock has a market cap of $50.22 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.86 and a beta of 0.98. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) 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 analyst estimates of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.Nasdaq’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

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

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the sale, the executive vice president owned 92,551 shares of the company’s stock, valued at $8,837,694.99. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

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.