Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 10.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,535 shares of the financial services provider's stock after selling 8,516 shares during the period. Nasdaq makes up approximately 2.2% of AAFMAA Wealth Management & Trust LLC's investment portfolio, making the stock its 9th biggest position. AAFMAA Wealth Management & Trust LLC's holdings in Nasdaq were worth $4,552,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Thoma Bravo L.P. acquired a new position in shares of Nasdaq during the fourth quarter worth $4,166,454,000. Vanguard Group Inc. increased its holdings in shares of Nasdaq by 7.0% during the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider's stock worth $3,043,936,000 after buying an additional 3,173,981 shares in the last quarter. Farallon Capital Management LLC increased its holdings in shares of Nasdaq by 28.4% during the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider's stock worth $532,357,000 after buying an additional 1,866,219 shares in the last quarter. Norges Bank acquired a new position in shares of Nasdaq during the fourth quarter worth $239,347,000. Finally, Bessemer Group Inc. grew its stake in shares of Nasdaq by 26.5% in the first quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider's stock worth $181,609,000 after purchasing an additional 602,040 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Performance

Shares of NDAQ stock traded up $0.14 during trading hours on Monday, hitting $69.97. 1,848,736 shares of the company were exchanged, compared to its average volume of 2,993,963. The firm has a fifty day simple moving average of $63.33 and a 200 day simple moving average of $60.99. The company has a current ratio of 0.94, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $70.08. The stock has a market capitalization of $40.25 billion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 2.72 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. Nasdaq's quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Research analysts predict that Nasdaq, Inc. will post 2.73 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed 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. This represents a $0.96 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq's dividend payout ratio (DPR) is presently 50.53%.

Insider Buying and Selling

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.58, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NDAQ. Oppenheimer upped their price target on shares of Nasdaq from $72.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Rosenblatt Securities cut shares of Nasdaq from a "buy" rating to a "neutral" rating and cut their price target for the company from $76.00 to $64.00 in a research report on Wednesday, May 8th. Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Barclays increased their price objective on shares of Nasdaq from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Nasdaq from $66.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Nasdaq presently has a consensus rating of "Moderate Buy" and an average target price 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.

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