Nisa Investment Advisors LLC Increases Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Nisa Investment Advisors LLC grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 131,855 shares of the financial services provider’s stock after acquiring an additional 405 shares during the period. Nisa Investment Advisors LLC’s holdings in Nasdaq were worth $7,946,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Thoma Bravo L.P. purchased a new position in Nasdaq in the 4th quarter valued at approximately $4,166,454,000. Norges Bank purchased a new position in Nasdaq in the fourth quarter valued at $239,347,000. Vanguard Group Inc. raised its position in 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 purchasing an additional 3,173,981 shares in the last quarter. Farallon Capital Management LLC grew its position in shares of Nasdaq by 28.4% during 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 buying an additional 1,866,219 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC purchased a new stake in shares of Nasdaq during the fourth quarter worth approximately $96,241,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday. Argus upped their price target on Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Oppenheimer boosted 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 upped their target price on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Rosenblatt Securities lowered shares of Nasdaq from a “buy” rating to a “neutral” rating and cut their price target for the stock from $76.00 to $64.00 in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.54.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded up $0.10 during mid-day trading on Monday, hitting $69.93. 1,173,993 shares of the company were exchanged, compared to its average volume of 2,989,719. The company has a quick ratio of 0.99, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The firm has a market cap of $40.22 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94. The stock has a 50 day simple moving average of $63.12 and a 200-day simple moving average of $60.90. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $70.08.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 14.43% and a return on equity of 15.45%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. On average, sell-side analysts forecast that Nasdaq, Inc. will post 2.73 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, September 13th. Nasdaq’s dividend payout ratio is presently 50.53%.

Insiders Place Their Bets

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by company insiders.

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.