Stanley Laman Group Ltd. grew its stake in Nasdaq Inc (NASDAQ:NDAQ) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,124 shares of the financial services provider’s stock after purchasing an additional 482 shares during the period. Stanley Laman Group Ltd.’s holdings in Nasdaq were worth $1,262,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new stake in Nasdaq in the 1st quarter worth approximately $66,000. Dupont Capital Management Corp purchased a new stake in Nasdaq in the 1st quarter worth approximately $96,000. Lenox Wealth Management Inc. boosted its position in Nasdaq by 1,562.9% in the 1st quarter. Lenox Wealth Management Inc. now owns 1,164 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,094 shares in the last quarter. NuWave Investment Management LLC boosted its position in Nasdaq by 301.3% in the 2nd quarter. NuWave Investment Management LLC now owns 1,224 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 919 shares in the last quarter. Finally, Bremer Bank National Association purchased a new position in shares of Nasdaq during the 1st quarter valued at approximately $119,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Shares of NASDAQ:NDAQ traded down $0.22 during midday trading on Wednesday, reaching $96.36. 143,048 shares of the company’s stock traded hands, compared to its average volume of 759,727. Nasdaq Inc has a 1 year low of $75.49 and a 1 year high of $104.69. The stock has a market cap of $15.94 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. The company has a fifty day simple moving average of $99.40.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $665.00 million for the quarter, compared to analyst estimates of $629.06 million. Nasdaq had a return on equity of 14.68% and a net margin of 12.86%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. On average, sell-side analysts forecast that Nasdaq Inc will post 4.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.47 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.88 dividend on an annualized basis and a yield of 1.95%. Nasdaq’s payout ratio is currently 38.84%.

NDAQ has been the topic of a number of recent analyst reports. ValuEngine lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. UBS Group increased their target price on Nasdaq from $103.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Bank of America reiterated a “neutral” rating and set a $88.00 target price on shares of Nasdaq in a research report on Friday, May 31st. Finally, Raymond James increased their target price on Nasdaq from $96.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $102.00.

In other Nasdaq news, Director Lars Wedenborn sold 1,946 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $90.36, for a total value of $175,840.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bradley J. Peterson sold 1,550 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $96.65, for a total value of $149,807.50. Following the completion of the transaction, the insider now owns 21,408 shares in the company, valued at approximately $2,069,083.20. The disclosure for this sale can be found here. Insiders sold a total of 37,211 shares of company stock worth $3,454,592 in the last 90 days. 0.50% of the stock is currently owned by insiders.

Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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