Daiwa SB Investments Ltd. Has $811,000 Position in Nasdaq Inc (NDAQ)

Daiwa SB Investments Ltd. boosted its position in Nasdaq Inc (NASDAQ:NDAQ) by 8.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,940 shares of the financial services provider’s stock after purchasing an additional 810 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in Nasdaq were worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. First Hawaiian Bank acquired a new position in Nasdaq in the 3rd quarter valued at about $101,000. Federated Investors Inc. PA acquired a new position in Nasdaq in the 3rd quarter valued at about $106,000. Legacy Advisors LLC acquired a new position in Nasdaq in the 3rd quarter valued at about $116,000. Ancora Advisors LLC acquired a new position in Nasdaq in the 3rd quarter valued at about $130,000. Finally, CENTRAL TRUST Co raised its stake in Nasdaq by 15.9% in the 4th quarter. CENTRAL TRUST Co now owns 1,775 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 243 shares during the last quarter. 75.47% of the stock is owned by hedge funds and other institutional investors.

NDAQ opened at $81.04 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.67 and a beta of 0.62. Nasdaq Inc has a 12 month low of $72.98 and a 12 month high of $96.84.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.14 by $0.01. Nasdaq had a return on equity of 13.69% and a net margin of 17.95%. The company had revenue of $600.00 million during the quarter, compared to analysts’ expectations of $605.67 million. During the same quarter in the previous year, the business earned $1.01 EPS. The firm’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts forecast that Nasdaq Inc will post 4.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Friday, December 14th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Thursday, December 13th. Nasdaq’s payout ratio is currently 43.35%.

In other news, insider Ann M. Dennison sold 1,553 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $83.67, for a total transaction of $129,939.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lars Wedenborn sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $89.94, for a total value of $224,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,894 shares of company stock valued at $821,836 in the last quarter. Company insiders own 0.40% of the company’s stock.

Several analysts have commented on the company. Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, January 11th. ValuEngine cut Nasdaq from a “buy” rating to a “hold” rating in a report on Monday, January 7th. BidaskClub cut Nasdaq from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 27th. Citigroup lifted their price target on Nasdaq from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, December 3rd. Finally, Atlantic Securities assumed coverage on Nasdaq in a report on Wednesday, November 28th. They issued an “overweight” rating and a $105.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Nasdaq presently has an average rating of “Hold” and a consensus target price of $95.71.

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Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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