161,001 Shares in Nasdaq, Inc. $NDAQ Purchased by Corient Private Wealth LP

Corient Private Wealth LP bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 161,001 shares of the financial services provider’s stock, valued at approximately $12,690,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Nasdaq in the second quarter valued at approximately $2,931,637,000. State Street Corp boosted its position in shares of Nasdaq by 1.3% in the fourth 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 during the period. Geode Capital Management LLC boosted its position in shares of Nasdaq by 3.0% in the fourth 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 during the period. Morgan Stanley increased its holdings 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 grew its position in Nasdaq by 46.0% during the fourth 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 in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NDAQ has been the subject of a number of research reports. TD Cowen reissued a “buy” rating and set a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $120.00 price objective on shares of Nasdaq in a research report on Friday, July 24th. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Finally, Zacks Research upgraded shares of Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Buy” and a consensus target price of $110.30.

Insider Activity 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 value of $1,060,813.50. Following the sale, the insider owned 205,001 shares of the company’s stock, valued at $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Ab Investor bought 56,782 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the transaction, the insider owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. The trade was a 0.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 41,797 shares of company stock valued at $3,926,319. 0.60% of the stock is owned by corporate insiders.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $99.31 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $91.20 and a 200 day moving average price of $88.40. The firm has a market capitalization of $55.51 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $101.79.

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

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. Nasdaq’s payout ratio is 36.15%.

Nasdaq 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.