Nasdaq, Inc. (NDAQ) Stake Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 70,111 shares of the financial services provider’s stock after acquiring an additional 3,319 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Nasdaq were worth $5,012,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership bought a new stake in shares of Nasdaq during the 2nd quarter valued at $315,000. Caxton Associates LP bought a new stake in shares of Nasdaq during the 2nd quarter valued at $629,000. Cubist Systematic Strategies LLC lifted its position in shares of Nasdaq by 26.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,463 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 714 shares during the period. Gotham Asset Management LLC lifted its position in shares of Nasdaq by 13.6% during the 2nd quarter. Gotham Asset Management LLC now owns 23,671 shares of the financial services provider’s stock valued at $1,692,000 after acquiring an additional 2,825 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Nasdaq by 925.2% during the 2nd quarter. Janus Henderson Group PLC now owns 253,525 shares of the financial services provider’s stock valued at $18,125,000 after acquiring an additional 228,795 shares during the period. Hedge funds and other institutional investors own 74.63% of the company’s stock.

In other Nasdaq news, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction dated 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 of the company’s stock, valued at $5,807,106.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ann M. Dennison sold 1,170 shares of Nasdaq stock in a transaction dated 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 ninety days, insiders have sold 36,844 shares of company stock valued at $2,788,100. Corporate insiders own 1.60% of the company’s stock.

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) traded down 0.60% during mid-day trading on Friday, hitting $74.46. The company had a trading volume of 146,911 shares. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $78.31. The company has a market capitalization of $12.42 billion, a PE ratio of 56.58 and a beta of 0.77. The company’s 50-day moving average is $75.66 and its 200 day moving average is $71.94.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The company had revenue of $602.00 million during 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 firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. On average, equities research analysts forecast that Nasdaq, Inc. will post $4.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.

NDAQ has been the subject of a number of recent analyst reports. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods set a $76.00 target price on Nasdaq and gave the company a “hold” rating in a research report on Thursday, August 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $76.00 target price on shares of Nasdaq in a research report on Monday, September 11th. Citigroup Inc. initiated coverage on Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 target price for the company. Finally, Barclays PLC initiated coverage on Nasdaq in a research report on Friday, September 8th. They set an “overweight” rating and a $85.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $76.30.

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About Nasdaq

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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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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