Perpetual Ltd Sells 125,440 Shares of Nasdaq Inc (NASDAQ:NDAQ)

Perpetual Ltd cut its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 26.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,499 shares of the financial services provider’s stock after selling 125,440 shares during the period. Nasdaq comprises about 5.3% of Perpetual Ltd’s portfolio, making the stock its 3rd biggest position. Perpetual Ltd’s holdings in Nasdaq were worth $33,323,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NDAQ. Aviva PLC boosted its holdings in Nasdaq by 19.2% in the second quarter. Aviva PLC now owns 136,286 shares of the financial services provider’s stock valued at $13,107,000 after purchasing an additional 21,937 shares in the last quarter. Svenska Handelsbanken AB publ boosted its holdings in Nasdaq by 14.7% in the second quarter. Svenska Handelsbanken AB publ now owns 24,900 shares of the financial services provider’s stock valued at $2,395,000 after purchasing an additional 3,200 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Nasdaq by 8.7% in the second quarter. Janney Montgomery Scott LLC now owns 5,416 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 433 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Nasdaq by 1,953.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 97,372 shares of the financial services provider’s stock valued at $9,364,000 after purchasing an additional 92,630 shares in the last quarter. Finally, Dearborn Partners LLC boosted its holdings in Nasdaq by 4.7% in the second quarter. Dearborn Partners LLC now owns 211,433 shares of the financial services provider’s stock valued at $20,334,000 after purchasing an additional 9,524 shares in the last quarter. Institutional investors own 76.11% of the company’s stock.

In other news, insider Bradley J. Peterson sold 1,550 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $96.65, for a total transaction of $149,807.50. Following the completion of the sale, the insider now owns 21,408 shares in the company, valued at $2,069,083.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward S. Knight sold 22,059 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $90.83, for a total value of $2,003,618.97. Following the sale, the insider now owns 95,322 shares of the company’s stock, valued at approximately $8,658,097.26. The disclosure for this sale can be found here. Insiders sold 37,211 shares of company stock valued at $3,454,592 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Shares of NDAQ stock traded up $0.28 during trading hours on Friday, hitting $98.54. The stock had a trading volume of 476,725 shares, compared to its average volume of 849,611. The company has a market capitalization of $15.83 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.85 and a beta of 0.66. Nasdaq Inc has a twelve month low of $75.49 and a twelve month high of $104.69. The stock has a 50 day moving average price of $99.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.03. The business had revenue of $665.00 million during the quarter, compared to the consensus estimate of $629.06 million. Nasdaq had a return on equity of 14.68% and a net margin of 12.86%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 earnings per share. On average, research analysts expect that Nasdaq Inc will post 4.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, September 12th. Nasdaq’s payout ratio is currently 38.84%.

A number of equities analysts recently issued reports on NDAQ shares. ValuEngine downgraded Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank lowered their price target on Nasdaq from $113.00 to $110.00 and set a “buy” rating for the company in a report on Friday. Raymond James upped their price target on Nasdaq from $96.00 to $108.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. UBS Group upped their price target on Nasdaq from $103.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Bank of America reissued a “neutral” rating and issued a $88.00 price objective on shares of Nasdaq in a report on Friday, May 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Nasdaq presently has a consensus rating of “Hold” and an average price target of $102.00.

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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