Trexquant Investment LP reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 50.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,600 shares of the financial services provider’s stock after selling 3,700 shares during the period. Trexquant Investment LP’s holdings in Nasdaq were worth $257,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its position in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Nasdaq during the first quarter worth approximately $189,000. Ameritas Investment Partners Inc. bought a new position in shares of Nasdaq during the first quarter worth approximately $190,000. Mn Services Vermogensbeheer B.V. increased its position in shares of Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock worth $201,000 after buying an additional 161 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of Nasdaq during the first quarter worth approximately $203,000. Institutional investors and hedge funds own 75.44% of the company’s stock.
Shares of Nasdaq, Inc. (NDAQ) opened at 74.91 on Monday. The stock has a market cap of $12.49 billion, a P/E ratio of 56.92 and a beta of 0.76. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75. The firm has a 50-day moving average price of $73.62 and a 200-day moving average price of $70.58.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. The business had revenue of $602 million for the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. On average, analysts anticipate that Nasdaq, Inc. will post $4.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.
A number of brokerages recently commented on NDAQ. UBS AG reiterated a “buy” rating and set a $81.00 price objective (down previously from $85.00) on shares of Nasdaq in a research report on Friday, April 28th. BidaskClub downgraded Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Citigroup Inc. began coverage on Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price objective on the stock. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $77.00 price objective (down previously from $79.00) on shares of Nasdaq in a research report on Monday, May 15th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Nasdaq has an average rating of “Hold” and an average price target of $75.30.
In other Nasdaq news, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the transaction, the insider now directly owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bjorn Sibbern sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $76.17, for a total value of $228,510.00. The disclosure for this sale can be found here. Insiders sold a total of 32,629 shares of company stock worth $2,466,989 over the last ninety days. 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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