United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys New Stake in Nasdaq, Inc. $NDAQ

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, HoldingsChannel.com reports. The fund bought 7,300 shares of the financial services provider’s stock, valued at approximately $653,000.

Several other institutional investors have also bought and sold shares of NDAQ. Leavell Investment Management Inc. boosted its stake in shares of Nasdaq by 0.4% in the 2nd quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock valued at $2,339,000 after purchasing an additional 116 shares in the last quarter. Bruce G. Allen Investments LLC boosted its position in Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after buying an additional 120 shares in the last quarter. Fielder Capital Group LLC boosted its position in Nasdaq by 3.0% in the second quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock valued at $380,000 after buying an additional 122 shares in the last quarter. Freedom Investment Management Inc. grew its stake in Nasdaq by 2.3% during the second quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock worth $508,000 after buying an additional 128 shares during the last quarter. Finally, Advisors Capital Management LLC increased its holdings in shares of Nasdaq by 3.4% during the second quarter. Advisors Capital Management LLC now owns 3,968 shares of the financial services provider’s stock worth $355,000 after buying an additional 129 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Up 0.9%

NASDAQ:NDAQ opened at $89.98 on Thursday. The stock’s fifty day simple moving average is $87.92 and its 200-day simple moving average is $89.19. The firm has a market capitalization of $51.38 billion, a P/E ratio of 32.14, a P/E/G ratio of 1.79 and a beta of 0.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s payout ratio is currently 38.57%.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of recent analyst reports. Barclays set a $109.00 price objective on Nasdaq and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a research note on Thursday, October 9th. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $97.00 to $110.00 in a research note on Thursday, November 20th. Raymond James Financial restated an “outperform” rating and issued a $100.00 price objective (up previously from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Finally, Cowen reaffirmed a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $101.00.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the transaction, the executive vice president directly owned 84,974 shares in the company, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Company 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.