Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 21.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,244 shares of the financial services provider’s stock after buying an additional 25,464 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nasdaq were worth $8,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq during the second quarter worth $26,000. Salem Investment Counselors Inc. increased its position in Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. LRI Investments LLC purchased a new stake in Nasdaq during the 1st quarter worth about $31,000. New Millennium Group LLC acquired a new stake in Nasdaq in the 2nd quarter worth about $34,000. Finally, EntryPoint Capital LLC boosted its stake in Nasdaq by 6,408.3% in the 1st quarter. EntryPoint Capital LLC now owns 781 shares of the financial services provider’s stock worth $49,000 after buying an additional 769 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Nasdaq

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction that occurred 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 directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NDAQ shares. Argus lifted their price objective on Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Rosenblatt Securities lowered Nasdaq from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $76.00 to $64.00 in a research report on Wednesday, May 8th. Oppenheimer boosted their price target on Nasdaq from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Barclays boosted their price target on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.54.

Nasdaq Stock Up 0.3 %

NDAQ stock traded up $0.22 during mid-day trading on Friday, hitting $71.41. The stock had a trading volume of 531,997 shares, compared to its average volume of 2,912,308. The stock has a market capitalization of $41.08 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 2.72 and a beta of 0.94. The company has a fifty day moving average of $65.19 and a 200 day moving average of $61.70. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $71.83. 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 (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS. On average, equities analysts expect that Nasdaq, Inc. will post 2.73 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. Nasdaq’s payout ratio is presently 50.53%.

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.