20,457 Shares in Nasdaq, Inc. $NDAQ Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,457 shares of the financial services provider’s stock, valued at approximately $1,612,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Nasdaq in the 2nd quarter worth $2,931,637,000. State Street Corp lifted its holdings in shares of Nasdaq by 1.3% during the fourth quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock valued at $1,930,808,000 after purchasing an additional 259,408 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Nasdaq by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock valued at $1,243,807,000 after purchasing an additional 378,577 shares during the last quarter. Morgan Stanley boosted its position in shares of Nasdaq by 62.6% in the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock valued at $900,061,000 after purchasing an additional 3,567,843 shares during the period. Finally, Harris Associates L P boosted its position in shares of Nasdaq by 46.0% in the 4th quarter. Harris Associates L P now owns 8,621,689 shares of the financial services provider’s stock valued at $837,425,000 after purchasing an additional 2,716,280 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Trading Up 0.7%

Shares of NASDAQ NDAQ opened at $99.47 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $101.79. The business has a 50-day moving average price of $90.52 and a two-hundred day moving average price of $88.22. The firm has a market capitalization of $55.60 billion, a PE ratio of 29.00, a PEG ratio of 1.31 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s payout ratio is presently 36.15%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Zacks Research upgraded shares of Nasdaq from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Morgan Stanley restated an “overweight” rating and issued a $120.00 price target on shares of Nasdaq in a research report on Friday, July 24th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $113.00 price objective (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Buy” and a consensus price target of $110.30.

Insider Buying and Selling at Nasdaq

In other news, insider Pc Nelson Griggs sold 11,010 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the transaction, the insider directly owned 205,001 shares in the company, valued at $19,751,846.35. The trade was a 5.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bradley J. Peterson sold 13,000 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the transaction, the executive vice president owned 128,293 shares in the company, valued at $11,881,214.73. This trade represents a 9.20% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 41,797 shares of company stock worth $3,926,319. 0.60% of the stock is currently owned by company insiders.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.