Pillar Pacific Capital Management LLC lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 77,648 shares of the financial services provider’s stock after selling 5,865 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Nasdaq were worth $10,307,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Jeppson Wealth Management LLC bought a new stake in Nasdaq in the third quarter valued at about $31,000. NuWave Investment Management LLC boosted its stake in Nasdaq by 1,029.2% during the 3rd quarter. NuWave Investment Management LLC now owns 271 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 247 shares during the last quarter. Whittier Trust Co. grew its holdings in Nasdaq by 250.0% during the fourth quarter. Whittier Trust Co. now owns 329 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 235 shares during the period. CWM LLC increased its stake in Nasdaq by 182.6% in the third quarter. CWM LLC now owns 568 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 367 shares in the last quarter. Finally, Wolff Wiese Magana LLC acquired a new stake in Nasdaq in the fourth quarter worth $77,000. Institutional investors and hedge funds own 74.23% of the company’s stock.
In other news, EVP Lars Ottersgard sold 6,215 shares of the company’s stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $142.60, for a total transaction of $886,259.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bryan Everard Smith sold 1,000 shares of the stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $130.00, for a total value of $130,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,022 shares of company stock worth $2,265,308. Company insiders own 0.60% of the company’s stock.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 27th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.15. Nasdaq had a return on equity of 17.15% and a net margin of 17.41%. The firm had revenue of $788.00 million during the quarter, compared to the consensus estimate of $751.65 million. During the same quarter in the prior year, the firm posted $1.29 EPS. The business’s revenue was up 22.0% on a year-over-year basis. Equities research analysts anticipate that Nasdaq, Inc. will post 6.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, March 11th. Nasdaq’s dividend payout ratio is currently 39.20%.
NDAQ has been the subject of several research analyst reports. Rosenblatt Securities boosted their price target on shares of Nasdaq from $142.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, February 1st. Wells Fargo & Company boosted their target price on Nasdaq from $150.00 to $155.00 in a research note on Tuesday, December 15th. UBS Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $164.00 price target on the stock in a research report on Tuesday, January 19th. Citigroup boosted their price objective on Nasdaq from $144.00 to $147.00 in a research report on Friday, January 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Nasdaq from $159.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, January 13th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Nasdaq currently has a consensus rating of “Buy” and an average target price of $140.03.
Nasdaq Company Profile
Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The company's Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.
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