Nasdaq, Inc. (NDAQ) Position Boosted by Nikko Asset Management Americas Inc.
Nikko Asset Management Americas Inc. boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1,325.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,900 shares of the financial services provider’s stock after buying an additional 118,000 shares during the period. Nikko Asset Management Americas Inc. owned about 0.08% of Nasdaq worth $9,072,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Nasdaq by 3,831.1% in the first quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock worth $662,992,000 after buying an additional 9,303,493 shares during the period. NN Investment Partners Holdings N.V. increased its position in shares of Nasdaq by 26,658.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,178,181 shares of the financial services provider’s stock worth $84,227,000 after buying an additional 1,173,778 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Nasdaq by 43.5% in the second quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock worth $166,749,000 after buying an additional 707,537 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Nasdaq by 3.8% in the first quarter. Vanguard Group Inc. now owns 11,262,495 shares of the financial services provider’s stock worth $782,180,000 after buying an additional 416,910 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Nasdaq by 13.1% in the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after buying an additional 358,414 shares in the last quarter. Hedge funds and other institutional investors own 75.44% of the company’s stock.
Shares of Nasdaq, Inc. (NASDAQ NDAQ) opened at 76.28 on Friday. The company’s 50 day moving average is $73.52 and its 200-day moving average is $70.54. The company has a market capitalization of $12.72 billion, a P/E ratio of 57.96 and a beta of 0.76. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $77.75.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company had revenue of $602 million for the quarter, compared to the consensus estimate of $596.55 million. During the same period last year, the company posted $0.91 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Nasdaq, Inc. will post $4.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.99%. Nasdaq’s payout ratio is currently 118.75%.
NDAQ has been the subject of a number of research analyst reports. Deutsche Bank AG dropped their target price on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, April 28th. UBS AG reaffirmed a “buy” rating and issued a $81.00 target price (down from $85.00) on shares of Nasdaq in a research note on Friday, April 28th. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $70.00 target price on shares of Nasdaq and gave the stock a “hold” rating in a research note on Friday, April 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $71.00 target price (up from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Nasdaq presently has a consensus rating of “Buy” and an average price target of $75.22.
In related news, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now directly owns 78,063 shares in the company, valued at approximately $5,807,106.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward S. Knight sold 14,629 shares of Nasdaq stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $76.74, for a total transaction of $1,122,629.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,629 shares of company stock worth $2,466,989. 1.60% of the stock is currently owned by corporate insiders.
Nasdaq Company Profile
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 & Stock 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 stocks with our FREE daily email newsletter.