31,708 Shares in Nasdaq, Inc. $NDAQ Purchased by Aurora Investment Counsel

Aurora Investment Counsel purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 31,708 shares of the financial services provider's stock, valued at approximately $2,499,000. Nasdaq comprises approximately 1.3% of Aurora Investment Counsel's investment portfolio, making the stock its 17th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. purchased a new position in Nasdaq during the 2nd quarter valued at $7,428,000. Johnson Financial Group Inc. bought a new position in Nasdaq in the 2nd quarter worth $798,000. West Family Investments Inc. purchased a new stake in shares of Nasdaq in the 2nd quarter worth about $437,000. Bantamac Capital LLC purchased a new stake in shares of Nasdaq in the 2nd quarter worth about $236,000. Finally, Flossbach Von Storch SE bought a new stake in shares of Nasdaq during the 2nd quarter valued at about $70,303,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley reissued an "overweight" rating and issued a $120.00 price target on shares of Nasdaq in a research note on Friday, July 24th. Barclays reaffirmed an "overweight" rating and set a $111.00 price objective (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Zacks Research upgraded Nasdaq from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. TD Cowen reissued a "buy" rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Finally, Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Sunday, May 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $110.30.

Insider Activity at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 11,010 shares of the firm's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the completion of the sale, the insider directly owned 205,001 shares in the company, valued at approximately $19,751,846.35. This trade represents a 5.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ab Investor bought 56,782 shares of the firm's stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the completion of the acquisition, the insider directly owned 58,439,208 shares of the company's stock, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have sold 41,797 shares of company stock valued at $3,926,319. 0.60% of the stock is owned by insiders.

Nasdaq Stock Performance

Nasdaq stock opened at $96.35 on Thursday. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $53.86 billion, a P/E ratio of 28.09, a PEG ratio of 1.30 and a beta of 0.97. The stock's 50 day moving average is $89.45 and its 200 day moving average is $87.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm's quarterly revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq's dividend payout ratio is 36.15%.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world's leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source