VitalStone Financial LLC Buys Shares of 4,403 Nasdaq, Inc. (NASDAQ:NDAQ)

VitalStone Financial LLC purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,403 shares of the financial services provider’s stock, valued at approximately $321,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after acquiring an additional 3,173,981 shares in the last quarter. Farallon Capital Management LLC boosted its position in shares of Nasdaq by 28.4% in the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after purchasing an additional 1,866,219 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in Nasdaq by 2.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock worth $287,270,000 after buying an additional 94,122 shares during the last quarter. Bessemer Group Inc. increased its position in Nasdaq by 26.5% during the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock valued at $181,609,000 after buying an additional 602,040 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Nasdaq by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 2,443,939 shares of the financial services provider’s stock valued at $147,272,000 after buying an additional 82,606 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the sale, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Bank of America lowered their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a research note on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research report on Tuesday, October 8th. Finally, TD Cowen assumed coverage on Nasdaq in a report on Thursday, September 26th. They issued a “hold” rating and a $83.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $77.06.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $72.30 on Monday. The firm has a 50-day simple moving average of $71.33 and a 200-day simple moving average of $64.89. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $41.59 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 2.99 and a beta of 0.95. Nasdaq, Inc. has a 52 week low of $47.56 and a 52 week high of $74.88.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, equities analysts predict that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. Nasdaq’s dividend payout ratio is currently 50.53%.

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.