Campbell Newman Asset Management Inc. Invests $18.27 Million in Nasdaq, Inc. (NASDAQ:NDAQ)

Campbell Newman Asset Management Inc. purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 240,819 shares of the financial services provider’s stock, valued at approximately $18,269,000. Nasdaq accounts for about 1.6% of Campbell Newman Asset Management Inc.’s holdings, making the stock its 26th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas lifted its stake in shares of Nasdaq by 61.1% in the first quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider’s stock worth $1,353,000 after acquiring an additional 6,764 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in shares of Nasdaq in the fourth quarter worth approximately $274,000. Teacher Retirement System of Texas lifted its stake in shares of Nasdaq by 892.3% in the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock worth $4,689,000 after acquiring an additional 54,535 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Nasdaq in the fourth quarter worth approximately $48,749,000. Finally, Farallon Capital Management LLC lifted its stake in shares of Nasdaq by 6.3% in the fourth quarter. Farallon Capital Management LLC now owns 3,998,019 shares of the financial services provider’s stock worth $309,087,000 after acquiring an additional 235,748 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on NDAQ. UBS Group reaffirmed a “cautious” rating on shares of Nasdaq in a research note on Monday, April 28th. Redburn Atlantic raised Nasdaq from a “neutral” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Thursday, April 17th. Barclays dropped their price target on Nasdaq from $86.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Bank of America boosted their price target on Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of Nasdaq in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Nasdaq Trading Down 1.5%

Shares of Nasdaq stock opened at $85.59 on Friday. The stock has a fifty day simple moving average of $78.72 and a 200 day simple moving average of $78.63. Nasdaq, Inc. has a 12-month low of $58.28 and a 12-month high of $87.50. The company has a market capitalization of $49.14 billion, a P/E ratio of 44.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.27 per share. This is an increase from Nasdaq’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.26%. Nasdaq’s dividend payout ratio is presently 49.09%.

Insider Transactions at Nasdaq

In related news, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the sale, the insider now owns 211,405 shares of the company’s stock, valued at approximately $17,552,957.15. This represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $71.81, for a total value of $47,179.17. Following the sale, the executive vice president now directly owns 61,980 shares in the company, valued at $4,450,783.80. This trade represents a 1.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,616 shares of company stock worth $1,813,598. 0.70% of the stock is owned by company 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.