Investors purchased shares of Nasdaq, Inc. (NASDAQ:NDAQ) on weakness during trading hours on Friday. $56.51 million flowed into the stock on the tick-up and $12.28 million flowed out of the stock on the tick-down, for a money net flow of $44.23 million into the stock. Of all stocks tracked, Nasdaq had the 18th highest net in-flow for the day. Nasdaq traded down ($0.02) for the day and closed at $72.92

Several analysts recently issued reports on NDAQ shares. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods set a $76.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a research report on Thursday, August 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $76.00 price target on shares of Nasdaq in a research report on Monday, September 11th. Bank of America Corporation lowered shares of Nasdaq from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $77.00 to $75.00 in a research report on Monday, October 9th. Finally, Barclays PLC started coverage on shares of Nasdaq in a research report on Friday, September 8th. They set an “overweight” rating and a $85.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Nasdaq has a consensus rating of “Hold” and an average target price of $77.50.

The stock has a market cap of $12.16 billion, a P/E ratio of 55.41 and a beta of 0.77. The company’s 50 day moving average is $75.49 and its 200 day moving average is $72.12.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The business had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. During the same period in the previous year, the company posted $0.91 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Nasdaq, Inc. will post $4.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.08%. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.

In other news, insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bjorn Sibbern sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $76.17, for a total transaction of $228,510.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,844 shares of company stock worth $2,788,100. Corporate insiders own 1.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Nasdaq by 1.8% during the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock valued at $820,043,000 after acquiring an additional 208,253 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Nasdaq by 13.1% during the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock valued at $214,929,000 after acquiring an additional 358,414 shares in the last quarter. Bessemer Group Inc. boosted its position in Nasdaq by 43.5% in the second quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock valued at $166,749,000 after buying an additional 707,537 shares during the last quarter. BT Investment Management Ltd purchased a new stake in Nasdaq in the second quarter valued at approximately $97,982,000. Finally, TimesSquare Capital Management LLC boosted its position in Nasdaq by 21.9% in the second quarter. TimesSquare Capital Management LLC now owns 1,203,500 shares of the financial services provider’s stock valued at $86,038,000 after buying an additional 216,100 shares during the last quarter. Hedge funds and other institutional investors own 74.44% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/10/20/investors-buy-nasdaq-inc-ndaq-on-weakness.html.

About Nasdaq

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.