Ontario Teachers Pension Plan Board Has $6.74 Million Holdings in Nasdaq, Inc. (NDAQ)
Ontario Teachers Pension Plan Board grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,316 shares of the financial services provider’s stock after acquiring an additional 7,656 shares during the quarter. Ontario Teachers Pension Plan Board owned 0.06% of Nasdaq worth $6,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in Nasdaq by 8.5% during the 2nd quarter. Renaissance Technologies LLC now owns 637,808 shares of the financial services provider’s stock worth $45,597,000 after acquiring an additional 49,908 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Nasdaq by 13.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 183,210 shares of the financial services provider’s stock worth $13,098,000 after acquiring an additional 21,921 shares during the last quarter. Sapience Investments LLC purchased a new position in Nasdaq during the 2nd quarter worth $1,358,000. Advisor Group Inc. boosted its holdings in Nasdaq by 14.1% during the 2nd quarter. Advisor Group Inc. now owns 7,521 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 928 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Nasdaq by 7.4% during the 2nd quarter. Nordea Investment Management AB now owns 102,723 shares of the financial services provider’s stock worth $7,344,000 after acquiring an additional 7,102 shares during the last quarter. 74.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nasdaq, Inc. (NASDAQ NDAQ) traded down 0.09% during trading on Friday, hitting $77.56. 20,261 shares of the company were exchanged. The stock has a market capitalization of $12.94 billion, a PE ratio of 58.94 and a beta of 0.77. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $77.75. The company has a 50 day moving average of $75.31 and a 200-day moving average of $71.24.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.06. The business had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. On average, analysts forecast that Nasdaq, Inc. will post $4.17 earnings per share for the current year.
The business also recently disclosed 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. This represents a $1.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.
In other news, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the transaction, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bjorn Sibbern sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was 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. Insiders sold 36,844 shares of company stock worth $2,788,100 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.
NDAQ has been the topic of a number of analyst reports. Keefe, Bruyette & Woods set a $76.00 price objective on shares of Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. Barclays PLC initiated coverage on shares of Nasdaq in a report on Friday, September 8th. They set an “overweight” rating and a $85.00 price objective on the stock. BidaskClub downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Citigroup Inc. initiated coverage on shares of Nasdaq in a report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $76.10.
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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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