27,254 Shares in Nasdaq, Inc. $NDAQ Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,254 shares of the financial services provider’s stock, valued at approximately $2,148,000.

Other large investors have also bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in shares of Nasdaq in the 2nd quarter valued at about $604,000. Fielder Capital Group LLC acquired a new stake in shares of Nasdaq in the second quarter valued at about $369,000. Bank of New York Mellon Corp bought a new position in shares of Nasdaq during the second quarter worth about $165,852,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Nasdaq during the second quarter worth about $954,000. Finally, Helios Capital Management PTE. Ltd. bought a new position in shares of Nasdaq during the second quarter worth about $1,336,000. 72.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Ab Investor acquired 56,782 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the acquisition, the insider owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. This trade represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,000 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the transaction, the executive vice president directly 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. Over the last ninety days, insiders sold 41,797 shares of company stock worth $3,926,319. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. TD Cowen reissued a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Finally, Morgan Stanley restated an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a report on Friday, July 24th. Two 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 an average rating of “Buy” and a consensus price target of $110.30.

Nasdaq Price Performance

Shares of NDAQ opened at $96.68 on Tuesday. The firm has a market cap of $54.04 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.31 and a beta of 0.96. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79. The business’s 50 day moving average price is $89.07 and its two-hundred day moving average price is $87.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09. The company had revenue of $2.53 billion during 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 company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. On average, equities analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.3%. Nasdaq’s dividend payout ratio is currently 36.15%.

About Nasdaq

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.