Vanguard Personalized Indexing Management LLC Increases Position in Nasdaq, Inc. $NDAQ

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 20.8% during the second quarter, HoldingsChannel reports. The firm owned 49,159 shares of the financial services provider’s stock after purchasing an additional 8,476 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Nasdaq were worth $4,396,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NDAQ. Bruce G. Allen Investments LLC lifted its position in Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after buying an additional 120 shares during the period. Grove Bank & Trust lifted its position in Nasdaq by 194.6% during the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock worth $25,000 after buying an additional 216 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Nasdaq during the 1st quarter worth about $26,000. First Command Advisory Services Inc. purchased a new position in shares of Nasdaq during the 1st quarter worth about $30,000. Finally, AlphaQuest LLC purchased a new position in shares of Nasdaq during the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the transaction, the executive vice president owned 92,551 shares of the company’s stock, valued at approximately $8,837,694.99. The trade was a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the transaction, the senior vice president directly owned 8,879 shares of the company’s stock, valued at $829,742.55. This represents a 49.46% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on NDAQ. Raymond James Financial reiterated an “outperform” rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a report on Monday. Royal Bank Of Canada reiterated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday. 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. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Nasdaq has an average rating of “Moderate Buy” and a consensus price target of $97.50.

Nasdaq Trading Up 0.2%

Shares of NASDAQ:NDAQ opened at $89.54 on Wednesday. The firm has a market capitalization of $51.38 billion, a P/E ratio of 34.44, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The firm has a fifty day moving average of $92.39 and a two-hundred day moving average of $86.14.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (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 analyst estimates of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. On average, equities analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, September 12th. Nasdaq’s payout ratio is 41.54%.

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.