Foster Victor Wealth Advisors LLC Grows Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Foster Victor Wealth Advisors LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 289,016 shares of the financial services provider's stock after buying an additional 23,557 shares during the period. Nasdaq comprises 1.4% of Foster Victor Wealth Advisors LLC's portfolio, making the stock its 17th largest holding. Foster Victor Wealth Advisors LLC owned 0.05% of Nasdaq worth $18,295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Thoma Bravo L.P. acquired a new position in Nasdaq during the fourth quarter worth about $4,166,454,000. Norges Bank purchased a new stake in Nasdaq in the 4th quarter valued at approximately $239,347,000. Vanguard Group Inc. grew its holdings in Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider's stock valued at $3,043,936,000 after buying an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC grew its holdings in Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider's stock valued at $532,357,000 after buying an additional 1,866,219 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC purchased a new position in Nasdaq during the fourth quarter worth $96,241,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NDAQ shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Nasdaq from $66.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday. Argus upped their price objective on shares of Nasdaq from $64.00 to $66.00 and gave the company a "buy" rating in a research note on Tuesday, May 14th. StockNews.com cut shares of Nasdaq from a "hold" rating to a "sell" rating in a research note on Friday, April 26th. Oppenheimer boosted their price target on Nasdaq from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Finally, Rosenblatt Securities cut Nasdaq from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $76.00 to $64.00 in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.54.

Nasdaq Stock Up 0.1 %

Shares of NDAQ stock traded up $0.05 on Friday, hitting $69.83. The stock had a trading volume of 1,802,875 shares, compared to its average volume of 3,001,211. The stock's 50 day moving average is $63.12 and its 200-day moving average is $60.88. The firm has a market capitalization of $40.17 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 2.72 and a beta of 0.94. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $70.01. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.94.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm earned $0.71 earnings per share. The company's revenue was up 25.3% on a year-over-year basis. As a group, research analysts expect that Nasdaq, Inc. will post 2.73 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.96 annualized dividend and a yield of 1.37%. Nasdaq's dividend payout ratio is presently 50.53%.

Insider Activity at Nasdaq

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares of the company's stock, valued at approximately $2,764,295,688.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.