Consolidated Planning Corp Acquires New Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Consolidated Planning Corp bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, HoldingsChannel reports. The fund bought 4,909 shares of the financial services provider’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new stake in shares of Nasdaq during the 2nd quarter worth about $26,000. Salem Investment Counselors Inc. raised its holdings in Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. Crewe Advisors LLC lifted its position in Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 314 shares during the period. LRI Investments LLC bought a new position in Nasdaq during the 1st quarter valued at $31,000. Finally, New Millennium Group LLC acquired a new position in shares of Nasdaq during the 2nd quarter valued at $34,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Up 2.9 %

Shares of NASDAQ NDAQ opened at $73.48 on Thursday. The business has a 50 day simple moving average of $66.17 and a 200 day simple moving average of $62.20. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $74.17. The stock has a market cap of $42.27 billion, a price-to-earnings ratio of 38.67, a PEG ratio of 3.06 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, research analysts predict that Nasdaq, Inc. will post 2.74 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, September 13th. Nasdaq’s payout ratio is 50.53%.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several research reports. Argus raised their target price on Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft raised their target price on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Oppenheimer upped their price target on Nasdaq from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Barclays raised their price objective on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Rosenblatt Securities downgraded Nasdaq from a “buy” rating to a “neutral” rating and dropped their target price for the company from $76.00 to $64.00 in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.69.

Insider Buying and Selling at Nasdaq

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’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 owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

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.