Strategy Asset Managers LLC Decreases Stake in Nasdaq, Inc. (NDAQ)
Strategy Asset Managers LLC reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,321 shares of the financial services provider’s stock after selling 2,088 shares during the period. Strategy Asset Managers LLC’s holdings in Nasdaq were worth $2,811,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. raised 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 valued at $164,000 after buying an additional 77 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Nasdaq during the first quarter valued at approximately $189,000. Ameritas Investment Partners Inc. purchased a new position in shares of Nasdaq during the first quarter valued at approximately $190,000. Mn Services Vermogensbeheer B.V. raised its position in shares of 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 last quarter. Finally, Jaffetilchin Investment Partners LLC purchased a new position in shares of Nasdaq during the first quarter valued at approximately $203,000. Institutional investors own 75.44% of the company’s stock.
Nasdaq, Inc. (NASDAQ:NDAQ) opened at 75.80 on Wednesday. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 57.60 and a beta of 0.76. The company’s 50-day moving average price is $73.72 and its 200-day moving average price is $70.62.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The firm had revenue of $602 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Analysts predict that Nasdaq, Inc. will post $4.17 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. 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 presently 118.75%.
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NDAQ has been the subject of several research reports. Deutsche Bank AG decreased their target price on Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, April 28th. UBS AG reiterated a “buy” rating and issued a $81.00 target price (down previously from $85.00) on shares of Nasdaq in a research report on Friday, April 28th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of Nasdaq in a research report on Tuesday, June 13th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $75.30.
In other Nasdaq news, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction 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 owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lars Wedenborn sold 3,045 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,674 shares of company stock worth $2,698,805. Insiders own 1.60% of the company’s stock.
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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