Natixis Advisors LLC Acquires 13,006 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Natixis Advisors LLC raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 681,299 shares of the financial services provider's stock after buying an additional 13,006 shares during the period. Natixis Advisors LLC owned approximately 0.12% of Nasdaq worth $41,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NDAQ. Janney Montgomery Scott LLC boosted its stake in Nasdaq by 7.5% during the first quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider's stock valued at $15,198,000 after buying an additional 16,797 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Nasdaq during the 4th quarter valued at about $1,949,000. SG Americas Securities LLC grew its stake in shares of Nasdaq by 312.0% in the 1st quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider's stock worth $11,601,000 after purchasing an additional 139,228 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Nasdaq by 12.8% in the 4th quarter. BNP Paribas Financial Markets now owns 415,101 shares of the financial services provider's stock worth $24,134,000 after purchasing an additional 46,957 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of Nasdaq by 237.3% in the 1st quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider's stock worth $1,946,000 after purchasing an additional 21,699 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business's stock in a transaction that occurred on Monday, July 29th. The stock was 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 $2,764,295,688.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by company insiders.

Nasdaq Stock Performance

NASDAQ:NDAQ traded up $0.89 during midday trading on Monday, reaching $72.08. The stock had a trading volume of 3,073,700 shares, compared to its average volume of 2,927,437. The stock has a market capitalization of $41.46 billion, a P/E ratio of 37.94, a PEG ratio of 3.06 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $72.14. The firm's fifty day simple moving average is $65.67 and its 200-day simple moving average is $62.01.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm posted $0.71 EPS. The company's revenue was up 25.3% on a year-over-year basis. On average, equities research analysts forecast that Nasdaq, Inc. will post 2.74 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, September 13th. Nasdaq's payout ratio is presently 50.53%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NDAQ. Barclays boosted their target price on Nasdaq from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Rosenblatt Securities downgraded shares of Nasdaq from a "buy" rating to a "neutral" rating and reduced their price target for the company from $76.00 to $64.00 in a research report on Wednesday, May 8th. Oppenheimer increased their price objective on Nasdaq from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $66.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, August 15th. 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 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.