National Asset Management Inc. lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.8% during the first quarter, Holdings Channel reports. The fund owned 3,383 shares of the financial services provider’s stock after selling 133 shares during the period. National Asset Management Inc.’s holdings in Nasdaq were worth $235,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Aberdeen Asset Management PLC UK raised its position in Nasdaq by 0.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 31,649 shares of the financial services provider’s stock valued at $2,124,000 after buying an additional 270 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Nasdaq by 1.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 181,232 shares of the financial services provider’s stock valued at $12,164,000 after buying an additional 3,164 shares during the last quarter. Comerica Bank raised its position in Nasdaq by 2.0% in the fourth quarter. Comerica Bank now owns 28,881 shares of the financial services provider’s stock valued at $1,956,000 after buying an additional 579 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Nasdaq by 1,651.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 190,419 shares of the financial services provider’s stock valued at $12,780,000 after buying an additional 179,550 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Nasdaq by 19.8% in the fourth quarter. Renaissance Technologies LLC now owns 627,500 shares of the financial services provider’s stock valued at $42,118,000 after buying an additional 103,500 shares during the last quarter. Institutional investors and hedge funds own 75.13% of the company’s stock.
Nasdaq, Inc. (NDAQ) traded down 0.91% on Wednesday, hitting $69.63. The stock had a trading volume of 185,718 shares. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 81.15 and a beta of 0.76. The stock’s 50-day moving average is $68.46 and its 200 day moving average is $68.99. Nasdaq, Inc. has a 1-year low of $61.19 and a 1-year high of $72.52.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.05. The business had revenue of $583 million for the quarter, compared to analysts’ expectations of $593.46 million. Nasdaq had a return on equity of 11.77% and a net margin of 3.87%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. On average, equities research analysts predict that Nasdaq, Inc. will post $4.12 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s dividend payout ratio (DPR) is 183.13%.
Several equities analysts recently issued reports on NDAQ shares. Royal Bank Of Canada restated a “sector perform” rating and set a $71.00 price target on shares of Nasdaq in a research report on Thursday, March 30th. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 price objective on shares of Nasdaq in a research report on Monday, April 10th. Deutsche Bank AG cut their price objective on Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $74.00 price objective on shares of Nasdaq in a research report on Friday, April 28th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $73.11.
In other Nasdaq news, Director Lars Wedenborn sold 10,000 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $68.38, for a total transaction of $683,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by company insiders.
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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