Comerica Securities Inc. purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,312 shares of the financial services provider’s stock, valued at approximately $237,000.
Several other large investors have also added to or reduced their stakes in NDAQ. Pacer Advisors Inc. grew its stake 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 purchasing an additional 77 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Nasdaq in the first quarter worth $190,000. IFP Advisors Inc grew its stake in shares of Nasdaq by 9.4% in the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 243 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Nasdaq in the first quarter worth $204,000. Finally, Advisor Partners LLC bought a new position in shares of Nasdaq in the second quarter worth $214,000. 74.37% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on NDAQ shares. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. UBS AG reissued a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price target on shares of Nasdaq in a research note on Tuesday, June 13th. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $71.00 price target (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Nasdaq has an average rating of “Hold” and a consensus target price of $76.10.
In other news, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the sale, the insider now owns 78,063 shares in the company, valued at $5,807,106.57. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ann M. Dennison sold 1,170 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is currently owned by corporate insiders.
Nasdaq, Inc. (NDAQ) opened at 74.75 on Monday. The company’s 50-day moving average price is $75.24 and its 200 day moving average price is $71.18. The company has a market cap of $12.47 billion, a PE ratio of 56.80 and a beta of 0.77. Nasdaq, Inc. has a 52 week low of $63.30 and a 52 week high of $77.75.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The company had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. On average, analysts anticipate that Nasdaq, Inc. will post $4.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.03%. Nasdaq’s payout ratio is currently 118.75%.
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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