Vaughan Nelson Investment Management L.P. Sells 11,733 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Vaughan Nelson Investment Management L.P. decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 999,259 shares of the financial services provider's stock after selling 11,733 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.17% of Nasdaq worth $60,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of NDAQ. Thoma Bravo L.P. purchased a new stake in Nasdaq in the fourth quarter valued at $4,166,454,000. Vanguard Group Inc. raised its holdings in Nasdaq by 7.0% in 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 period. Farallon Capital Management LLC lifted its position in Nasdaq by 28.4% in the first 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. Norges Bank purchased a new position in Nasdaq during the fourth quarter worth about $239,347,000. Finally, Bessemer Group Inc. increased its position in shares of Nasdaq by 26.5% during the first quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider's stock valued at $181,609,000 after acquiring an additional 602,040 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Stock Up 0.1 %

Shares of NASDAQ:NDAQ traded up $0.05 during trading hours on Friday, reaching $69.83. The stock had a trading volume of 1,802,875 shares, compared to its average volume of 3,001,211. The stock 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. The firm's 50 day moving average is $63.12 and its 200-day moving average is $60.90. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year 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 quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the previous year, the business earned $0.71 EPS. Nasdaq's revenue for the quarter was up 25.3% on a year-over-year basis. Research analysts predict that Nasdaq, Inc. will post 2.73 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq 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 sale, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of research analyst reports. StockNews.com cut shares of Nasdaq from a "hold" rating to a "sell" rating in a research report on Friday, April 26th. Rosenblatt Securities cut Nasdaq from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $76.00 to $64.00 in a research note on Wednesday, May 8th. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $76.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Oppenheimer raised their target price on Nasdaq from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Finally, Argus boosted their price target on shares of Nasdaq from $64.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq presently has an average rating of "Moderate Buy" and an average price target of $68.54.

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.