Wedbush Securities Inc. boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,826 shares of the financial services provider’s stock after buying an additional 48 shares during the period. Wedbush Securities Inc.’s holdings in Nasdaq were worth $1,417,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Tompkins Financial Corp purchased a new stake in Nasdaq during the first quarter worth about $143,000. Pacer Advisors Inc. raised 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 worth $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 worth about $189,000. Ameritas Investment Partners Inc. purchased a new stake in Nasdaq during the first quarter worth about $190,000. Finally, Mn Services Vermogensbeheer B.V. raised 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 worth $201,000 after buying an additional 161 shares in the last quarter. Institutional investors own 75.59% of the company’s stock.
Nasdaq, Inc. (NASDAQ NDAQ) opened at 75.50 on Friday. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $76.79. The firm has a market cap of $12.59 billion, a P/E ratio of 57.37 and a beta of 0.76. The firm has a 50-day moving average of $72.81 and a 200-day moving average of $70.29.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $602 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%. Nasdaq’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. On average, analysts expect that Nasdaq, Inc. will post $4.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio is presently 118.75%.
A number of analysts have recently issued reports on NDAQ shares. Deutsche Bank AG dropped their price objective on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. UBS AG reiterated a “buy” rating and set a $81.00 price objective (down previously from $85.00) on shares of Nasdaq in a research note on Friday, April 28th. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $70.00 price objective on shares of Nasdaq and gave the company a “hold” rating in a research note on Friday, April 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $71.00 price objective (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Nasdaq has an average rating of “Buy” and an average target price of $75.22.
In other news, insider Edward S. Knight sold 15,000 shares of the business’s 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 sale, the insider now directly owns 78,063 shares in the company, valued at $5,807,106.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.
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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