Nasdaq, Inc. (NASDAQ:NDAQ) Holdings Lifted by R Squared Ltd

R Squared Ltd grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 668.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,150 shares of the financial services provider’s stock after purchasing an additional 4,480 shares during the period. R Squared Ltd’s holdings in Nasdaq were worth $391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in shares of Nasdaq by 37.9% in the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider’s stock valued at $464,676,000 after acquiring an additional 1,650,201 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Nasdaq by 40.3% in the fourth quarter. Invesco Ltd. now owns 3,902,214 shares of the financial services provider’s stock valued at $301,680,000 after acquiring an additional 1,120,538 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Nasdaq by 7,367.6% in the first quarter. GAMMA Investing LLC now owns 1,129,328 shares of the financial services provider’s stock valued at $85,671,000 after acquiring an additional 1,114,205 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Nasdaq by 5.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,433,885 shares of the financial services provider’s stock valued at $1,550,115,000 after acquiring an additional 993,553 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Nasdaq by 8,704.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 825,900 shares of the financial services provider’s stock valued at $63,850,000 after acquiring an additional 816,519 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the sale, the insider owned 211,405 shares in the company, valued at $17,552,957.15. This represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president owned 111,035 shares of the company’s stock, valued at approximately $9,867,680.45. The trade was a 9.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,304 shares of company stock worth $2,686,833 in the last quarter. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Down 1.1%

Shares of NASDAQ:NDAQ opened at $95.17 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 0.96. The company has a market cap of $54.61 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00. Nasdaq, Inc. has a 52 week low of $64.33 and a 52 week high of $97.07. The firm has a 50 day simple moving average of $88.29 and a 200 day simple moving average of $81.25.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. As a group, research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq’s dividend payout ratio is 41.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NDAQ. Barclays increased their price objective on shares of Nasdaq from $101.00 to $109.00 and gave the company an “overweight” rating in a report on Friday, July 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of Nasdaq in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Friday, April 18th. Finally, UBS Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and increased their price objective for the company from $95.00 to $115.00 in a report on Friday, July 25th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.63.

Nasdaq 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.