Nisa Investment Advisors LLC Maintains Stake in Nasdaq, Inc. (NASDAQ:NDAQ)
Nisa Investment Advisors LLC continued to hold its stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,925 shares of the financial services provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Nasdaq were worth $3,888,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Tompkins Financial Corp bought a new position in shares of Nasdaq during the first quarter worth approximately $143,000. Pacer Advisors Inc. boosted its position in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Nasdaq during the first quarter worth approximately $189,000. Ameritas Investment Partners Inc. acquired a new position in Nasdaq during the first quarter valued at approximately $190,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock valued at $201,000 after buying an additional 161 shares during the period. Institutional investors own 75.44% of the company’s stock.
Nasdaq, Inc. (NASDAQ:NDAQ) traded down 1.80% during midday trading on Friday, reaching $74.91. The company’s stock had a trading volume of 1,542,030 shares. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 56.92 and a beta of 0.76. The firm has a 50-day moving average price of $73.62 and a 200 day moving average price of $70.58.
Nasdaq (NASDAQ:NDAQ) last released 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 analyst estimates of $596.55 million. During the same period last year, the firm earned $0.91 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Equities research analysts predict that Nasdaq, Inc. will post $4.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
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Several research firms recently commented on NDAQ. UBS AG reiterated a “buy” rating and issued a $81.00 price target (down previously from $85.00) on shares of Nasdaq in a research note on Friday, April 28th. BidaskClub lowered Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Citigroup Inc. assumed coverage on Nasdaq in a report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 price objective for the company. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $77.00 price objective (down from $79.00) on shares of Nasdaq in a report on Monday, May 15th. Six 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 “Hold” and an average price target of $75.30.
In related news, insider Bjorn Sibbern sold 3,000 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the transaction, the insider now owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold 32,629 shares of company stock valued at $2,466,989 in the last 90 days. 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.
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