Vaughan Nelson Investment Management L.P. Sells 8,374 Shares of Nasdaq, Inc. $NDAQ

Key Points

• Vaughan Nelson Investment Management L.P. has decreased its holdings in Nasdaq, Inc. by 2.1%, selling 8,374 shares and owning 395,634 shares valued at approximately $35.4 million.
• Multiple brokerages have recently issued positive ratings for Nasdaq, with eight analysts giving it a "buy" rating and price targets ranging from $90.00 to $109.00.
• Nasdaq reported a quarterly EPS of $0.85 for the last quarter, outperforming analysts' estimates, and has declared a quarterly dividend of $0.27 per share.

Vaughan Nelson Investment Management L.P. reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 395,634 shares of the financial services provider's stock after selling 8,374 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.07% of Nasdaq worth $35,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NDAQ. Grove Bank & Trust increased its holdings in shares of 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 acquiring an additional 216 shares in the last quarter. Bruce G. Allen Investments LLC boosted 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 last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Nasdaq during the first quarter valued at approximately $26,000. Highline Wealth Partners LLC boosted its position in shares of 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 during the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in shares of Nasdaq during the first quarter valued at approximately $30,000. Institutional investors own 72.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NDAQ. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Barclays lifted their target price on Nasdaq from $101.00 to $109.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Raymond James Financial reaffirmed an "outperform" rating and set a $96.00 target price (up previously from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Morgan Stanley set a $90.00 price objective on Nasdaq and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $97.31.

Insider Transactions at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction dated 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 transaction, the executive vice president directly owned 92,551 shares in the company, valued at approximately $8,837,694.99. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the transaction, the senior vice president owned 8,879 shares of the company's stock, valued at $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. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $87.61 on Friday. The firm has a market cap of $50.27 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.99 and a beta of 0.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The business's fifty day moving average is $93.31 and its 200 day moving average is $85.45. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $97.63.

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

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued 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 presently 41.54%.

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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