Nasdaq, Inc. $NDAQ Shares Acquired by Cwm LLC

Cwm LLC lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 106.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,179 shares of the financial services provider's stock after buying an additional 15,545 shares during the period. Cwm LLC's holdings in Nasdaq were worth $2,699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NDAQ. Bruce G. Allen Investments LLC boosted its position in Nasdaq by 72.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider's stock worth $25,000 after purchasing an additional 120 shares during the period. First Command Advisory Services Inc. purchased a new stake in Nasdaq during the 1st quarter worth $30,000. AlphaQuest LLC purchased a new stake in Nasdaq during the 1st quarter worth $34,000. Olde Wealth Management LLC purchased a new stake in Nasdaq during the 1st quarter worth $40,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Nasdaq during the 1st quarter worth $45,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NDAQ shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $108.00 price target on shares of Nasdaq in a research report on Thursday, October 9th. Barclays reissued an "overweight" rating and issued a $108.00 price objective (down from $109.00) on shares of Nasdaq in a research report on Wednesday, October 8th. Finally, UBS Group raised shares of Nasdaq from a "neutral" rating to a "buy" rating and upped their price objective for the company from $95.00 to $115.00 in a research report on Friday, July 25th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $97.50.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $88.59 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50-day moving average of $91.92 and a two-hundred day moving average of $86.39. The stock has a market cap of $50.83 billion, a P/E ratio of 34.07, a PEG ratio of 1.98 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 - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. On average, research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, September 12th. Nasdaq's dividend payout ratio is 41.54%.

Insider Transactions at Nasdaq

In other news, SVP Michelle Lynn Daly sold 8,691 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the sale, the senior vice president owned 8,879 shares in the company, valued at approximately $829,742.55. This represents a 49.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the sale, the executive vice president owned 92,551 shares in the company, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

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.

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