Nasdaq, Inc. (NDAQ) Stake Decreased by Wayne Hummer Investments L.L.C.
Wayne Hummer Investments L.L.C. decreased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,911 shares of the financial services provider’s stock after selling 380 shares during the period. Wayne Hummer Investments L.L.C.’s holdings in Nasdaq were worth $280,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Nasdaq during the first quarter valued at about $189,000. Ameritas Investment Partners Inc. purchased a new stake in Nasdaq during the first quarter valued at about $190,000. Mn Services Vermogensbeheer B.V. increased its stake 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 in the last quarter. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in Nasdaq during the first quarter valued at about $203,000. 75.44% of the stock is owned by institutional investors and hedge funds.
Nasdaq, Inc. (NDAQ) opened at 75.29 on Tuesday. The stock’s 50 day moving average is $73.72 and its 200-day moving average is $70.62. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $77.75. The company has a market capitalization of $12.56 billion, a P/E ratio of 57.21 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. During the same period in the prior year, the company earned $0.91 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, September 14th. Nasdaq’s payout ratio is presently 118.75%.
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A number of analysts have weighed in on NDAQ shares. Deutsche Bank AG reduced their price target on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a report on Friday, April 28th. UBS AG reissued a “buy” rating and issued a $81.00 price target (down from $85.00) on shares of Nasdaq in a report on Friday, April 28th. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and issued a $71.00 price target (up from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price target on shares of Nasdaq in a report on Tuesday, June 13th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $75.30.
In related news, insider Edward S. Knight sold 15,000 shares of the stock in a transaction that occurred on 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 directly owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Bjorn Sibbern sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total value of $228,510.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,629 shares of company stock valued at $2,466,989. 1.60% of the stock is owned by corporate insiders.
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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