Bessemer Securities LLC Trims Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Bessemer Securities LLC decreased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 32.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,070 shares of the financial services provider’s stock after selling 9,300 shares during the period. Bessemer Securities LLC’s holdings in Nasdaq were worth $951,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Cresset Asset Management LLC boosted its position in shares of Nasdaq by 4.5% in the first quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 74 shares during the period. Horizon Investments LLC boosted its holdings in Nasdaq by 8.3% in the 1st quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 86 shares during the period. Brinker Capital Investments LLC boosted its holdings in Nasdaq by 0.4% in the 1st quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock valued at $5,247,000 after purchasing an additional 106 shares during the period. Advisors Asset Management Inc. grew its position in shares of Nasdaq by 1.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,142 shares of the financial services provider’s stock valued at $1,273,000 after purchasing an additional 120 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Nasdaq by 10.6% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,360 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 130 shares during the period. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In other news, Director Johan Torgeby purchased 14,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was bought at an average cost of $50.42 per share, for a total transaction of $705,880.00. Following the acquisition, the director now directly owns 22,466 shares of the company’s stock, valued at approximately $1,132,735.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Nasdaq Trading Up 0.7 %

NASDAQ:NDAQ traded up $0.35 during trading hours on Monday, reaching $53.83. The company’s stock had a trading volume of 177,379 shares, compared to its average volume of 2,772,985. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market capitalization of $31.06 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 5.57 and a beta of 0.94. The firm has a 50-day simple moving average of $50.20 and a 200-day simple moving average of $51.44. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $69.22.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Nasdaq had a return on equity of 21.62% and a net margin of 18.40%. The firm had revenue of $940.00 million for the quarter, compared to analysts’ expectations of $931.14 million. During the same period last year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts expect that Nasdaq, Inc. will post 2.78 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.88 annualized dividend and a yield of 1.63%. Nasdaq’s payout ratio is currently 39.46%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NDAQ shares. StockNews.com lowered Nasdaq from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. lifted their price target on Nasdaq from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, October 19th. Oppenheimer restated an “outperform” rating and issued a $65.00 price objective on shares of Nasdaq in a research report on Thursday, October 19th. Morgan Stanley lifted their target price on shares of Nasdaq from $54.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, October 19th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $82.00 price target on shares of Nasdaq in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.09.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. The Market Platforms segment trading services, including equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.