Nasdaq, Inc. (NDAQ) Stake Held by FIL Ltd
FIL Ltd maintained its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 206,899 shares of the financial services provider’s stock at the end of the second quarter. FIL Ltd owned 0.13% of Nasdaq worth $14,791,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. Palo Capital Inc. raised its position in Nasdaq by 0.4% in the 2nd quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 45 shares during the last quarter. CIBC Asset Management Inc raised its position in Nasdaq by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 50 shares during the last quarter. Stanley Laman Group Ltd. raised its position in Nasdaq by 0.6% in the 2nd quarter. Stanley Laman Group Ltd. now owns 9,457 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 57 shares during the last quarter. Pacer Advisors Inc. raised its position in Nasdaq by 3.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 77 shares during the last quarter. Finally, Profund Advisors LLC raised its position in Nasdaq by 2.5% in the 1st quarter. Profund Advisors LLC now owns 3,775 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 74.37% of the company’s stock.
NDAQ has been the subject of several research analyst reports. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Barclays PLC initiated coverage on shares of Nasdaq in a research report on Friday, September 8th. They issued an “overweight” rating and a $85.00 price objective for the company. Royal Bank Of Canada set a $74.00 price objective on shares of Nasdaq and gave the stock a “hold” rating in a research report on Monday, July 17th. Jefferies Group LLC restated a “hold” rating and issued a $71.00 price objective (up previously from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Finally, Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $76.10.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) opened at 76.42 on Monday. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 58.07 and a beta of 0.77. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $77.75. The firm’s 50-day moving average is $75.31 and its 200-day moving average is $71.24.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 $602.00 million for the quarter, compared to the consensus estimate of $596.55 million. During the same period in the prior year, the firm posted $0.91 EPS. Nasdaq’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is 118.75%.
In related news, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of the stock in a transaction dated 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 $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold a total of 36,844 shares of company stock worth $2,788,100 over the last three months. 1.60% of the stock is currently owned by 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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