Copeland Capital Management LLC Reduces Stock Holdings in Nasdaq, Inc. $NDAQ

Copeland Capital Management LLC trimmed its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,463 shares of the financial services provider’s stock after selling 528 shares during the quarter. Copeland Capital Management LLC’s holdings in Nasdaq were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hilltop National Bank purchased a new position in Nasdaq during the 2nd quarter worth $109,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Nasdaq by 3.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 54,405 shares of the financial services provider’s stock worth $4,865,000 after buying an additional 1,609 shares during the last quarter. J. Safra Sarasin Holding AG purchased a new position in Nasdaq during the 2nd quarter worth $1,949,000. Lecap Asset Management Ltd. purchased a new position in Nasdaq during the 2nd quarter worth $2,278,000. Finally, ASR Vermogensbeheer N.V. grew its stake in Nasdaq by 25.0% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 12,877 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 2,572 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on NDAQ. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Oppenheimer reiterated an “outperform” rating and set a $101.00 price target (up previously from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Raymond James Financial reiterated an “outperform” rating and set a $96.00 price target (up previously from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada boosted their price target on Nasdaq from $95.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.31.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the transaction, the executive vice president owned 92,551 shares of the company’s stock, valued at approximately $8,837,694.99. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the transaction, the senior vice president directly owned 8,879 shares of the company’s stock, valued at $829,742.55. The trade was a 49.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 0.3%

Shares of NDAQ opened at $87.61 on Friday. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $50.27 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.99 and a beta of 0.98. The stock’s 50-day moving average price is $93.31 and its 200-day moving average price is $85.45.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s dividend payout ratio is presently 41.54%.

About Nasdaq

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.