Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,000 shares of the financial services provider's stock after selling 3,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Nasdaq were worth $8,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Thoma Bravo L.P. bought a new position in Nasdaq during the fourth quarter valued at $4,166,454,000. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC grew 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 worth $532,357,000 after acquiring an additional 1,866,219 shares in the last quarter. Norges Bank bought a new stake in Nasdaq during the fourth quarter worth approximately $239,347,000. Finally, Bessemer Group Inc. raised its position in 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 purchasing an additional 602,040 shares during the period. Institutional investors own 72.47% of the company's stock.

Insider Buying and Selling at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm's stock in a transaction on Monday, July 29th. The stock was 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 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 accessible through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Up 0.3 %

NASDAQ NDAQ traded up $0.24 on Monday, reaching $70.59. 1,301,337 shares of the stock traded hands, compared to its average volume of 2,951,133. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $70.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.94. The company has a fifty day moving average price of $64.47 and a 200-day moving average price of $61.48. The company has a market cap of $40.60 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 2.72 and a beta of 0.94.

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

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.36%. Nasdaq's dividend payout ratio (DPR) is currently 50.53%.

Wall Street Analyst Weigh In

Several research analysts have commented on NDAQ shares. Argus lifted their price objective 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Nasdaq from $66.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, August 15th. Oppenheimer increased their price objective on shares of Nasdaq from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Finally, Barclays upped their target price on Nasdaq from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Nasdaq presently has an average rating of "Moderate Buy" and a consensus price target of $68.54.

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.