20,747 Shares in Nasdaq, Inc. $NDAQ Purchased by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 20,747 shares of the financial services provider’s stock, valued at approximately $1,851,000.

Several other institutional investors have also recently made changes to their positions in NDAQ. Norges Bank acquired a new stake in shares of Nasdaq in the 4th quarter valued at approximately $530,100,000. Morgan Stanley raised its position in Nasdaq by 62.6% during the fourth quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock worth $900,061,000 after acquiring an additional 3,567,843 shares in the last quarter. Nuveen LLC increased its stake in shares of Nasdaq by 82.0% during the 4th quarter. Nuveen LLC now owns 6,073,271 shares of the financial services provider’s stock worth $589,897,000 after purchasing an additional 2,736,322 shares during the last quarter. Harris Associates L P raised its holdings 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. Finally, Bank of New York Mellon Corp acquired a new stake in Nasdaq in the 2nd quarter valued at about $165,852,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Zacks Research upgraded Nasdaq from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Morgan Stanley reiterated an “overweight” rating and set a $120.00 target price on shares of Nasdaq in a research note on Friday, July 24th. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Barclays restated an “overweight” rating and issued a $111.00 price target (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Finally, Loop Capital set a $113.00 price target on Nasdaq in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $110.30.

Insiders Place Their Bets

In other news, major shareholder Ab Investor bought 56,782 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the transaction, the insider owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Pc Nelson Griggs sold 11,010 shares of Nasdaq stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,797 shares of company stock valued at $3,926,319 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Nasdaq Price Performance

Nasdaq stock opened at $97.02 on Monday. The firm has a market cap of $54.23 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s fifty day moving average price is $88.87 and its two-hundred day moving average price is $88.00. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $101.79.

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

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s dividend payout ratio is presently 36.15%.

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.