Nasdaq Inc. (NDAQ) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama increased its stake in shares of Nasdaq Inc. (NASDAQ:NDAQ) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,063 shares of the company’s stock after buying an additional 338 shares during the period. Retirement Systems of Alabama owned about 0.11% of Nasdaq worth $11,968,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in NDAQ. IFP Advisors Inc raised its stake in shares of Nasdaq by 4.6% in the first quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock valued at $207,000 after buying an additional 137 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Nasdaq by 0.6% in the first quarter. Arizona State Retirement System now owns 31,075 shares of the company’s stock valued at $2,063,000 after buying an additional 200 shares during the last quarter. Conning Inc. raised its stake in shares of Nasdaq by 5.2% in the second quarter. Conning Inc. now owns 4,036 shares of the company’s stock valued at $261,000 after buying an additional 200 shares during the last quarter. Eagle Boston Investment Management Inc. raised its stake in shares of Nasdaq by 0.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 32,843 shares of the company’s stock valued at $2,123,000 after buying an additional 225 shares during the last quarter. Finally, Genesee Valley Trust Co. raised its stake in shares of Nasdaq by 2.4% in the second quarter. Genesee Valley Trust Co. now owns 10,286 shares of the company’s stock valued at $665,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 74.20% of the company’s stock.
Shares of Nasdaq Inc. (NASDAQ:NDAQ) traded down 0.39% on Tuesday, reaching $66.79. 681,955 shares of the company’s stock were exchanged. Nasdaq Inc. has a one year low of $52.75 and a one year high of $71.92. The company’s 50 day moving average is $69.77 and its 200-day moving average is $66.63. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 23.13 and a beta of 0.81.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 27th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. Nasdaq had a return on equity of 10.76% and a net margin of 13.79%. The business earned $559 million during the quarter, compared to the consensus estimate of $548 million. During the same period last year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Nasdaq Inc. will post $3.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.92%. Nasdaq’s dividend payout ratio (DPR) is 44.44%.
Several brokerages have issued reports on NDAQ. Barclays PLC lowered shares of Nasdaq to an “overweight” rating and lifted their target price for the company from $79.00 to $80.00 in a research report on Thursday, September 8th. Deutsche Bank AG lifted their target price on shares of Nasdaq from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, July 18th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Credit Suisse Group AG restated a “buy” rating and issued a $72.00 price objective on shares of Nasdaq in a report on Monday, August 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $70.00 to $74.00 and gave the stock a “market perform” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $69.67.
In other news, insider Edward S. Knight sold 19,555 shares of Nasdaq stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $70.40, for a total transaction of $1,376,672.00. Following the completion of the sale, the insider now directly owns 76,407 shares in the company, valued at $5,379,052.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 2,945 shares of Nasdaq stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $71.52, for a total value of $210,626.40. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.
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