Trueblood Wealth Management LLC Sells 156 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Trueblood Wealth Management LLC decreased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,273 shares of the financial services provider’s stock after selling 156 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Nasdaq were worth $800,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NDAQ. Y.D. More Investments Ltd increased its position in Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the period. Hobbs Group Advisors LLC purchased a new position in shares of Nasdaq during the 2nd quarter valued at approximately $26,000. Salem Investment Counselors Inc. increased its holdings in shares of Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 201 shares in the last quarter. Crewe Advisors LLC increased its holdings in Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 314 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in Nasdaq in the 1st quarter worth $31,000. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Up 0.5 %

NDAQ stock opened at $72.08 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day moving average of $67.39 and a 200-day moving average of $62.77. The stock has a market capitalization of $41.46 billion, a P/E ratio of 37.94, a P/E/G ratio of 2.94 and a beta of 0.95. Nasdaq, Inc. has a fifty-two week low of $46.88 and a fifty-two week high of $74.17.

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

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s payout ratio is 50.53%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NDAQ shares. Barclays boosted their price target on shares of Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Oppenheimer boosted their price target on shares of Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods increased their price target on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Bank of America upgraded shares of Nasdaq from an “underperform” rating to a “buy” rating and increased their price target for the company from $53.00 to $90.00 in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Nasdaq 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.