Yousif Capital Management LLC Sells 10,762 Shares of Nasdaq, Inc. $NDAQ

Yousif Capital Management LLC decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 18.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,516 shares of the financial services provider's stock after selling 10,762 shares during the quarter. Yousif Capital Management LLC's holdings in Nasdaq were worth $4,338,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Nasdaq by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 52,979,661 shares of the financial services provider's stock valued at $4,019,037,000 after buying an additional 403,248 shares in the last quarter. Massachusetts Financial Services Co. MA grew 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 buying an additional 993,553 shares in the last quarter. Harris Associates L P grew its stake in shares of Nasdaq by 1.2% in the 1st 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Nasdaq by 9.1% in the 1st 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 in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Nasdaq by 40.8% in the 1st 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. Institutional investors own 72.47% of the company's stock.

Nasdaq Stock Up 0.1%

NDAQ opened at $89.62 on Thursday. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $51.42 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 2.02 and a beta of 0.98. The business has a 50 day moving average of $92.25 and a 200-day moving average of $86.16.

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 the consensus estimate of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the business earned $0.69 earnings per share. Nasdaq's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays reissued an "overweight" rating and issued a $108.00 price target (down previously from $109.00) on shares of Nasdaq in a research note on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Morgan Stanley set a $90.00 target price on Nasdaq and gave the stock an "equal weight" rating in a research report on Wednesday, October 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $108.00 target price on shares of Nasdaq in a research report on Thursday, October 9th. Finally, Piper Sandler upped their target price on Nasdaq from $97.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $97.50.

Insider Activity at Nasdaq

In related news, SVP Michelle Lynn Daly sold 8,691 shares of the company's stock in a transaction on 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 directly owned 8,879 shares in the company, valued at approximately $829,742.55. This represents a 49.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction on Friday, August 1st. The shares were 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 owned 92,551 shares of the company's stock, valued at $8,837,694.99. The trade was a 2.22% 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.

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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