Twin Capital Management Inc. decreased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 9,901 shares of the company’s stock after selling 436 shares during the period. Twin Capital Management Inc.’s holdings in Nasdaq were worth $665,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of NDAQ. BlackRock Institutional Trust Company N.A. boosted its position in shares of Nasdaq by 5.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,351,880 shares of the company’s stock worth $226,386,000 after buying an additional 178,591 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Nasdaq by 5.9% in the third quarter. BlackRock Fund Advisors now owns 2,139,564 shares of the company’s stock worth $144,506,000 after buying an additional 119,592 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Nasdaq by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 1,567,561 shares of the company’s stock worth $105,873,000 after buying an additional 111,236 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Nasdaq by 2.4% in the fourth quarter. Bessemer Group Inc. now owns 1,545,785 shares of the company’s stock worth $103,752,000 after buying an additional 36,075 shares during the last quarter. Finally, Westpac Banking Corp boosted its position in shares of Nasdaq by 0.7% in the second quarter. Westpac Banking Corp now owns 1,530,633 shares of the company’s stock worth $98,731,000 after buying an additional 10,089 shares during the last quarter. Institutional investors own 73.64% of the company’s stock.
Nasdaq, Inc. (NASDAQ:NDAQ) traded up 1.42% during mid-day trading on Monday, reaching $70.76. The company had a trading volume of 480,633 shares. The firm’s 50-day moving average price is $68.22 and its 200-day moving average price is $67.99. Nasdaq, Inc. has a 12 month low of $60.08 and a 12 month high of $71.92. The stock has a market cap of $11.73 billion, a PE ratio of 110.56 and a beta of 0.89.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Tuesday, January 31st. The company reported $0.95 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. Nasdaq had a net margin of 2.94% and a return on equity of 10.99%. The firm earned $599 million during the quarter, compared to analysts’ expectations of $600.89 million. During the same period last year, the company posted $0.89 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts forecast that Nasdaq, Inc. will post $4.24 EPS for the current fiscal year.
The business 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 $0.32 dividend. The ex-dividend date is Wednesday, March 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.83%. Nasdaq’s dividend payout ratio is 206.45%.
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NDAQ has been the topic of a number of recent research reports. 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 target price on shares of Nasdaq in a report on Sunday, November 20th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $72.17.
In other news, CEO Robert Greifeld sold 45,403 shares of the firm’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $63.65, for a total value 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 approximately $65,587,315.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company 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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