Atria Investments LLC lifted its position in Nasdaq Inc (NASDAQ:NDAQ) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,068 shares of the financial services provider’s stock after purchasing an additional 507 shares during the quarter. Atria Investments LLC’s holdings in Nasdaq were worth $394,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of NDAQ. Nuveen Asset Management LLC grew its holdings in shares of Nasdaq by 444.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 588,135 shares of the financial services provider’s stock worth $56,561,000 after purchasing an additional 480,100 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Nasdaq by 333.1% in the 1st quarter. First Trust Advisors LP now owns 514,822 shares of the financial services provider’s stock worth $45,042,000 after purchasing an additional 395,962 shares during the last quarter. Carlson Capital L P bought a new stake in shares of Nasdaq in the 2nd quarter worth about $21,523,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Nasdaq in the 2nd quarter worth about $19,933,000. Finally, Vanguard Group Inc. grew its holdings in shares of Nasdaq by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,624,390 shares of the financial services provider’s stock worth $1,214,087,000 after purchasing an additional 190,311 shares during the last quarter. 76.20% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on NDAQ shares. Oppenheimer started coverage on shares of Nasdaq in a report on Monday, September 16th. They issued an “outperform” rating and a $111.00 target price on the stock. UBS Group upped their target price on shares of Nasdaq from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Citigroup lowered shares of Nasdaq from a “neutral” rating to a “sell” rating and upped their target price for the stock from $93.00 to $95.00 in a report on Monday, July 22nd. BidaskClub lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Deutsche Bank lowered their target price on shares of Nasdaq from $113.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Nasdaq has an average rating of “Hold” and an average target price of $103.30.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.03. The business had revenue of $665.00 million for the quarter, compared to the consensus estimate of $629.06 million. Nasdaq had a net margin of 12.86% and a return on equity of 14.68%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. On average, equities analysts expect that Nasdaq Inc will post 4.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.47 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.88 annualized dividend and a yield of 1.89%. Nasdaq’s dividend payout ratio (DPR) is 38.84%.
In related news, insider Ann M. Dennison sold 5,496 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $96.55, for a total transaction of $530,638.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lars Ottersgard sold 4,861 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $99.14, for a total transaction of $481,919.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,801 shares of company stock worth $1,158,532. 0.50% of the stock is owned by corporate insiders.
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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