Rhumbline Advisers Boosts Position in Nasdaq, Inc. (NDAQ)
Rhumbline Advisers increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 224,854 shares of the financial services provider’s stock after buying an additional 4,944 shares during the quarter. Rhumbline Advisers owned about 0.13% of Nasdaq worth $17,442,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Advisor Partners LLC bought a new stake in Nasdaq during the 2nd quarter worth approximately $214,000. Nikko Asset Management Americas Inc. increased its holdings in Nasdaq by 1,325.8% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock worth $9,072,000 after purchasing an additional 118,000 shares in the last quarter. Commerce Bank increased its holdings in Nasdaq by 1.9% during the 2nd quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock worth $20,292,000 after purchasing an additional 5,401 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in Nasdaq by 2.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 334,786 shares of the financial services provider’s stock worth $25,969,000 after purchasing an additional 8,695 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Nasdaq during the 2nd quarter worth approximately $645,000. 75.82% of the stock is currently owned by institutional investors and hedge funds.
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In other Nasdaq news, insider Pc Nelson Griggs sold 1,396 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $74.72, for a total value of $104,309.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.
A number of analysts have commented on NDAQ shares. UBS AG reissued a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “sector perform” rating and set a $76.00 price objective (up from $74.00) on shares of Nasdaq in a report on Thursday, July 27th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods set a $76.00 price objective on Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. Finally, Barclays PLC assumed coverage on Nasdaq in a report on Friday, September 8th. They issued an “overweight” rating and a $85.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $78.22.
Nasdaq, Inc. (NDAQ) opened at $77.24 on Wednesday. The stock has a market cap of $12,781.14, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.15 and a beta of 0.76. Nasdaq, Inc. has a fifty-two week low of $63.36 and a fifty-two week high of $78.31. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business had revenue of $607.00 million for the quarter, compared to the consensus estimate of $599.84 million. During the same period in the previous year, the firm earned $0.91 EPS. The business’s revenue was up 3.8% on a year-over-year basis. sell-side analysts expect that Nasdaq, Inc. will post 4.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 1.97%. Nasdaq’s payout ratio is 100.00%.
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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