Horizon Investments LLC increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 39.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,944 shares of the company’s stock after buying an additional 2,513 shares during the period. Horizon Investments LLC’s holdings in Nasdaq were worth $600,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in Nasdaq by 712.9% in the second quarter. Nordea Investment Management AB now owns 53,368 shares of the company’s stock valued at $3,451,000 after buying an additional 46,803 shares during the last quarter. Bbva Compass Bancshares Inc. acquired a new stake in Nasdaq during the second quarter valued at approximately $438,000. Smith Salley & Associates raised its stake in Nasdaq by 0.3% in the second quarter. Smith Salley & Associates now owns 4,578 shares of the company’s stock valued at $296,000 after buying an additional 15 shares during the last quarter. BB&T Corp raised its stake in Nasdaq by 192.8% in the second quarter. BB&T Corp now owns 102,102 shares of the company’s stock valued at $6,603,000 after buying an additional 67,232 shares during the last quarter. Finally, Shelton Capital Management raised its stake in Nasdaq by 66.3% in the second quarter. Shelton Capital Management now owns 20,328 shares of the company’s stock valued at $1,315,000 after buying an additional 8,101 shares during the last quarter. Institutional investors and hedge funds own 73.68% of the company’s stock.
Nasdaq, Inc. (NASDAQ:NDAQ) traded up 0.97% on Friday, reaching $69.77. The company’s stock had a trading volume of 877,606 shares. The firm has a 50-day moving average of $68.22 and a 200 day moving average of $67.99. Nasdaq, Inc. has a 12-month low of $60.94 and a 12-month high of $71.92. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 109.02 and a beta of 0.89.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Tuesday, January 31st. The company reported $0.95 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.95. Nasdaq had a return on equity of 10.99% and a net margin of 2.94%. The firm earned $599 million during the quarter, compared to the consensus estimate of $600.89 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that Nasdaq, Inc. will post $4.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Wednesday, March 15th. Nasdaq’s dividend payout ratio (DPR) is 206.45%.
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Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Monday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $70.00 price target on shares of Nasdaq in a research report on Sunday, November 20th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $72.17.
In related news, CEO Robert Greifeld sold 45,403 shares of Nasdaq stock in a transaction dated Friday, December 2nd. The stock was 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 owns 1,030,437 shares of the company’s stock, valued at $65,587,315.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company’s stock.
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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