Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 91,437 shares of the financial services provider’s stock after buying an additional 4,134 shares during the quarter. Nasdaq makes up 1.2% of SYSTM Wealth Solutions LLC’s holdings, making the stock its 23rd biggest holding. SYSTM Wealth Solutions LLC’s holdings in Nasdaq were worth $5,510,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd raised its position in shares of Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq in the second quarter valued at about $26,000. Salem Investment Counselors Inc. raised its position in shares of Nasdaq by 89.3% in the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after buying an additional 201 shares during the last quarter. Crewe Advisors LLC raised its position in shares of Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 314 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Nasdaq in the first quarter valued at about $31,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NDAQ has been the subject of a number of recent research reports. Oppenheimer increased their target price on shares of Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Barclays raised their price objective on shares of Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Bank of America upgraded shares of Nasdaq from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $53.00 to $90.00 in a research report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft raised 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, August 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average target price of $72.08.

Insider Activity

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were 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 owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Nasdaq Trading Down 0.8 %

Shares of NDAQ stock opened at $72.70 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $41.82 billion, a PE ratio of 38.26, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95. The company has a 50-day moving average of $68.15 and a two-hundred day moving average of $63.17. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $74.17.

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, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm posted $0.71 earnings per share. Nasdaq’s revenue was up 25.3% compared to the same quarter last year. On average, analysts predict that Nasdaq, Inc. will post 2.74 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders 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 1.32%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s payout ratio is 50.53%.

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.