CrestPoint Capital Management LLC held its stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,300 shares of the financial services provider’s stock at the end of the second quarter. CrestPoint Capital Management LLC’s holdings in Nasdaq were worth $951,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of NDAQ. Thrivent Financial for Lutherans raised its stake in Nasdaq by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,970 shares of the financial services provider’s stock valued at $266,000 after buying an additional 230 shares during the period. Quadrature Capital Ltd purchased a new stake in Nasdaq during the fourth quarter valued at $478,000. Ibex Wealth Advisors raised its stake in Nasdaq by 4.0% in the fourth quarter. Ibex Wealth Advisors now owns 21,300 shares of the financial services provider’s stock valued at $1,435,000 after buying an additional 828 shares during the period. Teachers Advisors LLC raised its stake in Nasdaq by 7.3% in the fourth quarter. Teachers Advisors LLC now owns 172,949 shares of the financial services provider’s stock valued at $11,608,000 after buying an additional 11,768 shares during the period. Finally, Kentucky Retirement Systems purchased a new stake in Nasdaq during the fourth quarter valued at $555,000. Institutional investors own 74.67% of the company’s stock.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) opened at 71.49 on Tuesday. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 83.32 and a beta of 0.75. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $72.52. The company’s 50 day moving average is $69.05 and its 200-day moving average is $69.14.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.05. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The company had revenue of $583 million for the quarter, compared to the consensus estimate of $593.46 million. During the same quarter in the previous year, the company earned $0.91 EPS. Nasdaq’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities analysts expect that Nasdaq, Inc. will post $4.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were issued a dividend of $0.38 per share. This is an increase from Nasdaq’s previous quarterly dividend of $0.32. The ex-dividend date was Wednesday, June 14th. This represents a $1.52 annualized dividend and a yield of 2.13%. Nasdaq’s dividend payout ratio is presently 183.13%.
Several equities research analysts have weighed in on NDAQ shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $71.00 target price on shares of Nasdaq in a report on Thursday, March 30th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 target price on shares of Nasdaq in a report on Monday, April 10th. Deutsche Bank AG cut their target price on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $74.00 target price on shares of Nasdaq in a report on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Nasdaq currently has an average rating of “Hold” and a consensus price target of $74.00.
In other news, Director Lars Wedenborn sold 10,000 shares of the company’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $68.38, for a total value of $683,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.
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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