Nasdaq, Inc. $NDAQ Shares Purchased by Aberdeen Group plc

Aberdeen Group plc raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,845 shares of the financial services provider's stock after buying an additional 11,031 shares during the quarter. Aberdeen Group plc owned about 0.05% of Nasdaq worth $27,573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Grove Bank & Trust raised its stake in Nasdaq by 194.6% during the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after buying an additional 216 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in 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 in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Nasdaq during the first quarter valued at approximately $26,000. Highline Wealth Partners LLC raised its stake in Nasdaq by 1,509.5% during the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after buying an additional 317 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in Nasdaq during the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $89.39 on Tuesday. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The firm has a market capitalization of $51.29 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98. The business has a 50 day simple moving average of $92.53 and a 200 day simple moving average of $86.11. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted $0.69 EPS. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is presently 41.54%.

Analyst Ratings Changes

A number of analysts have recently weighed in on NDAQ shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $108.00 price target on shares of Nasdaq in a research report on Thursday. The Goldman Sachs Group reiterated a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft increased their price target on Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Morgan Stanley set a $90.00 price target on Nasdaq and gave the stock an "equal weight" rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Nasdaq in a research report on Saturday, September 27th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq has a consensus rating of "Moderate Buy" and a consensus price target of $97.50.

Insiders Place Their Bets

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

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.

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