Stephens Inc. AR lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 10.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,244 shares of the financial services provider’s stock after buying an additional 590 shares during the period. Stephens Inc. AR’s holdings in Nasdaq were worth $446,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Nasdaq by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock worth $1,069,202,000 after buying an additional 146,050 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Nasdaq by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 11,262,495 shares of the financial services provider’s stock worth $782,180,000 after buying an additional 416,910 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Nasdaq by 3,831.1% in the 1st quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock worth $662,992,000 after buying an additional 9,303,493 shares in the last quarter. State Street Corp raised its holdings in shares of Nasdaq by 0.4% in the 1st quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock worth $367,865,000 after buying an additional 20,813 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Nasdaq by 13.1% in the 1st quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after buying an additional 358,414 shares in the last quarter. 74.37% of the stock is owned by institutional investors and hedge funds.
Nasdaq, Inc. (NDAQ) opened at 76.74 on Thursday. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 58.31 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 has a 50-day moving average price of $75.31 and a 200-day moving average price of $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 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 business had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate 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. Shareholders of record on Friday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 1.98%. Nasdaq’s dividend payout ratio is currently 118.75%.
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In other news, Director Lars Wedenborn sold 3,045 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $76.13, for a total transaction of $231,815.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,844 shares of company stock valued at $2,788,100. Company insiders own 1.60% of the company’s stock.
A number of brokerages have recently issued reports on NDAQ. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $76.00 price target on shares of Nasdaq in a report on Monday, September 11th. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Citigroup Inc. assumed coverage on Nasdaq in a report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price target for the company. Finally, UBS AG reaffirmed a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $76.10.
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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