Nasdaq, Inc. (NASDAQ:NDAQ) Stock Traded Significantly Above Its 50 Day Average

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(NASDAQ:NDAQ) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Vanguard Group Inc. now owns 11,262,495 shares of the financial services provider's stock worth $782,180,000 after buying an additional 416,910 shares during the period. Pillar Pacific Capital Management LLC owned approximately 0.05% of Nasdaq worth $6,066,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Tompkins Financial Corp acquired a new position in Nasdaq during the first quarter worth about $143,000. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider's stock valued at $201,000 after buying an additional 161 shares during the period. Advisory Services Network LLC bought a new stake in shares of Nasdaq during the first quarter worth approximately $189,000. Finally, Kentucky Retirement Systems acquired a new stake in Nasdaq during the fourth quarter worth approximately $555,000. Company insiders own 1.60% of the company's stock. Nasdaq, Inc. has a 52 week low of $63.30 and a 52 week high of $76.79.

Shares of Nasdaq (NASDAQ:NDAQ) traded down 0.55% during trading on Friday, reaching $75.50. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 83.32 and a beta of 0.75. The company's 50-day moving average price is $72.81 and its 200-day moving average price is $70.29.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.06. The company had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The firm's revenue was up 7.7% compared to the same quarter previous year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Equities analysts predict that Nasdaq, Inc. will post $4.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, June 16th were given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.02%. Nasdaq's payout ratio is 118.75%.

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Media coverage about Nasdaq (NASDAQ:NDAQ) has trended somewhat positive recently, Accern Sentiment reports. BidaskClub cut shares of Nasdaq from a "buy" rating to a "hold" rating in a research note on Wednesday, July 12th. UBS AG reaffirmed a "buy" rating and issued a $81.00 price objective (down from $85.00) on shares of Nasdaq in a report on Friday, April 28th. Royal Bank Of Canada raised their price target on shares of Nasdaq from $70.00 to $74.00 and gave the company a "sector perform" rating in a research note on Thursday, April 27th. Finally, Jefferies Group LLC reissued a "hold" rating and issued a $71.00 price target (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Evercore ISI reiterated an in-line rating and issued a $74.00 price target on shares of Nasdaq in a research note on Friday, April 28th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. The stock presently has an average rating of "Buy" and an average target price of $75.22.

In other news, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Renaissance Technologies LLC now owns 637,808 shares of the financial services provider's stock worth $45,597,000 after buying an additional 49,908 shares during the period. Reliance Trust Co. of DE boosted its stake in shares of Nasdaq by 6.1% in the second quarter.

Nasdaq, Inc. (Nasdaq), launched on November 13, 1979, is a holding company. Company insiders own 1.60% of the company's stock.

NDAQ has been the topic of several other reports. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

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