Perigon Wealth Management LLC boosted its stake in Nasdaq Inc (NASDAQ:NDAQ) by 6.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,524 shares of the financial services provider’s stock after purchasing an additional 285 shares during the quarter. Perigon Wealth Management LLC’s holdings in Nasdaq were worth $540,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. Verus Capital Partners LLC acquired a new stake in Nasdaq during the 4th quarter worth approximately $28,000. Total Clarity Wealth Management Inc. purchased a new stake in Nasdaq during the fourth quarter worth approximately $32,000. Cornerstone Advisors Inc. increased its position in shares of Nasdaq by 41.0% in the second quarter. Cornerstone Advisors Inc. now owns 320 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 93 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Nasdaq in the 1st quarter valued at $44,000. Finally, Signaturefd LLC lifted its holdings in shares of Nasdaq by 50.3% during the 1st quarter. Signaturefd LLC now owns 517 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 173 shares in the last quarter. 74.86% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on NDAQ. Zacks Investment Research downgraded Nasdaq from a “buy” rating to a “hold” rating and set a $121.00 price target for the company. in a report on Tuesday, May 26th. Credit Suisse Group lowered their target price on Nasdaq from $120.00 to $118.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. Citigroup boosted their price target on Nasdaq from $107.00 to $127.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Deutsche Bank increased their price objective on shares of Nasdaq from $133.00 to $143.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, BidaskClub lowered shares of Nasdaq from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $126.09.
Shares of Nasdaq stock opened at $131.31 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 1.11. Nasdaq Inc has a 1 year low of $71.66 and a 1 year high of $135.51. The firm’s 50-day simple moving average is $122.60 and its 200-day simple moving average is $111.71. The firm has a market cap of $21.31 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 2.58 and a beta of 0.74.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.09. Nasdaq had a return on equity of 16.89% and a net margin of 16.21%. The firm had revenue of $699.00 million during the quarter, compared to analyst estimates of $686.79 million. During the same period in the previous year, the company earned $1.22 earnings per share. On average, equities analysts predict that Nasdaq Inc will post 5.86 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.49%. Nasdaq’s dividend payout ratio (DPR) is 39.20%.
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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