Nasdaq, Inc. $NDAQ Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 19.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,507 shares of the financial services provider’s stock after selling 12,558 shares during the period. Los Angeles Capital Management LLC’s holdings in Nasdaq were worth $4,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NDAQ. Vanguard Group Inc. boosted its position in Nasdaq by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 52,979,661 shares of the financial services provider’s stock worth $4,019,037,000 after purchasing an additional 403,248 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Nasdaq by 5.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,433,885 shares of the financial services provider’s stock valued at $1,550,115,000 after purchasing an additional 993,553 shares during the period. Harris Associates L P grew 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 buying an additional 101,983 shares during the period. Goldman Sachs Group Inc. grew its position in Nasdaq by 9.1% during 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 buying an additional 484,750 shares during the period. Finally, Invesco Ltd. increased its holdings in Nasdaq by 40.8% in the first quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider’s stock valued at $416,795,000 after buying an additional 1,592,057 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was 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 in the company, valued at $7,256,779.60. This 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 available at this link. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley set a $90.00 target price on Nasdaq and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of Nasdaq in a research report on Friday, July 25th. UBS Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and lifted their price target for the company from $95.00 to $115.00 in a research note on Friday, July 25th. Finally, Raymond James Financial restated an “outperform” rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Fourteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and an average price target of $99.67.

Nasdaq Price Performance

Nasdaq stock opened at $87.24 on Monday. The company has a fifty day simple moving average of $89.61 and a 200-day simple moving average of $88.32. The firm has a market capitalization of $49.81 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 1.79 and a beta of 0.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $97.63.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results 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. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders 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 payout ratio is currently 38.57%.

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.