Two Sigma Advisers LP boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 33.8% during the third quarter, Holdings Channel reports. The institutional investor owned 56,201 shares of the company’s stock after buying an additional 14,200 shares during the period. Two Sigma Advisers LP’s holdings in Nasdaq were worth $3,796,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in NDAQ. Natixis Asset Management boosted its stake in Nasdaq by 45.6% in the third quarter. Natixis Asset Management now owns 12,188 shares of the company’s stock worth $823,000 after buying an additional 3,817 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in Nasdaq by 35.2% in the third quarter. OMERS ADMINISTRATION Corp now owns 12,300 shares of the company’s stock worth $831,000 after buying an additional 3,200 shares in the last quarter. United Services Automobile Association boosted its stake in Nasdaq by 46.9% in the third quarter. United Services Automobile Association now owns 53,086 shares of the company’s stock worth $3,585,000 after buying an additional 16,958 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Nasdaq by 19.9% in the third quarter. Hsbc Holdings PLC now owns 142,548 shares of the company’s stock worth $9,627,000 after buying an additional 23,667 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in Nasdaq by 45.0% in the third quarter. AMP Capital Investors Ltd now owns 99,009 shares of the company’s stock worth $6,681,000 after buying an additional 30,727 shares in the last quarter. Institutional investors and hedge funds own 73.68% of the company’s stock.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) traded up 0.97% during midday trading on Friday, reaching $69.77. 877,606 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $68.22 and a 200 day moving average price of $67.99. Nasdaq, Inc. has a 12 month low of $60.94 and a 12 month high of $71.92. The firm has a market cap of $11.57 billion, a PE ratio of 109.02 and a beta of 0.89.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Tuesday, January 31st. The company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. Nasdaq had a net margin of 2.94% and a return on equity of 10.99%. The firm had revenue of $599 million for the quarter, compared to analyst estimates of $600.89 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts predict that Nasdaq, Inc. will post $4.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, March 15th. Nasdaq’s payout ratio is presently 206.45%.
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A number of equities analysts have issued reports on the company. Zacks Investment Research cut Nasdaq from a “buy” rating to a “hold” rating in a report on Monday, January 9th. Credit Suisse Group restated an “outperform” rating and issued a $70.00 price objective on shares of Nasdaq in a report on Sunday, November 20th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $72.17.
In other news, CEO Robert Greifeld sold 45,403 shares of the business’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $63.65, for a total transaction of $2,889,900.95. Following the completion of the sale, the chief executive officer now directly owns 1,030,437 shares of the company’s stock, valued at $65,587,315.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.
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