Nasdaq, Inc. (NASDAQ:NDAQ) Stake Decreased by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. lessened its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,736 shares of the financial services provider’s stock after selling 641 shares during the period. Argus Investors Counsel Inc.’s holdings in Nasdaq were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd raised its holdings in Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Nasdaq during the 2nd quarter valued at $26,000. Salem Investment Counselors Inc. lifted its stake in shares of Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 201 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 314 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Nasdaq in the 1st quarter valued at $31,000. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the sale, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ traded down $0.12 during midday trading on Tuesday, reaching $74.18. The stock had a trading volume of 933,732 shares, compared to its average volume of 2,889,456. The firm has a 50 day simple moving average of $72.15 and a 200-day simple moving average of $65.38. Nasdaq, Inc. has a one year low of $47.56 and a one year high of $74.93. The firm has a market cap of $42.67 billion, a PE ratio of 38.98, a P/E/G ratio of 2.99 and a beta of 0.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the company posted $0.71 EPS. Nasdaq’s quarterly revenue was up 25.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, September 13th. Nasdaq’s payout ratio is presently 50.53%.

Analysts Set New Price Targets

NDAQ has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Oppenheimer upped their price objective on shares of Nasdaq from $80.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Bank of America decreased their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. The Goldman Sachs Group increased their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.07.

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.