Nasdaq, Inc. $NDAQ Position Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.8% during the second quarter, Holdings Channel.com reports. The firm owned 3,884,101 shares of the financial services provider’s stock after buying an additional 177,114 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Nasdaq were worth $306,145,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Nasdaq during the second quarter worth approximately $2,931,637,000. State Street Corp lifted its position in Nasdaq by 1.3% in the 4th quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock worth $1,930,808,000 after buying an additional 259,408 shares in the last quarter. Geode Capital Management LLC lifted its position in Nasdaq by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock worth $1,243,807,000 after buying an additional 378,577 shares in the last quarter. Morgan Stanley boosted its stake in shares of Nasdaq by 62.6% during the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock valued at $900,061,000 after buying an additional 3,567,843 shares during the period. Finally, Harris Associates L P boosted its stake in shares of Nasdaq by 46.0% during 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 buying an additional 2,716,280 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Ab Investor bought 56,782 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the transaction, the insider directly owned 58,439,208 shares in the company, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Bradley J. Peterson sold 13,000 shares of the firm’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 sale, the executive vice president directly owned 128,293 shares in the company, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 41,797 shares of company stock valued at $3,926,319. Company insiders own 0.60% of the company’s stock.

Nasdaq Trading Down 0.7%

Shares of NASDAQ:NDAQ opened at $98.61 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $55.12 billion, a PE ratio of 28.75, a P/E/G ratio of 1.32 and a beta of 0.97. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $101.79. The firm has a fifty day moving average price of $91.52 and a 200 day moving average price of $88.53.

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

Nasdaq Announces Dividend

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

Analysts Set New Price Targets

NDAQ has been the topic of a number of recent research reports. Raymond James Financial restated an “outperform” rating and issued a $113.00 target price (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. Barclays reaffirmed an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Rothschild & Co Redburn set a $110.00 price target on Nasdaq in a research note on Thursday, June 11th. Morgan Stanley restated an “overweight” rating and issued a $120.00 price objective on shares of Nasdaq in a report on Friday, July 24th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $110.30.

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.