Gotham Asset Management LLC grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,671 shares of the financial services provider’s stock after purchasing an additional 2,825 shares during the quarter. Gotham Asset Management LLC’s holdings in Nasdaq were worth $1,692,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of NDAQ. YorkBridge Wealth Partners LLC raised its holdings in shares of Nasdaq by 13.9% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 178 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Nasdaq by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,568 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 203 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Nasdaq in the 1st quarter valued at about $190,000. MML Investors Services LLC bought a new stake in shares of Nasdaq in the 2nd quarter valued at about $201,000. Finally, IFP Advisors Inc raised its holdings in shares of Nasdaq by 9.4% in the 2nd quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 74.44% of the company’s stock.
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NDAQ has been the subject of several recent research reports. Keefe, Bruyette & Woods set a $76.00 price target on shares of Nasdaq and gave the company a “hold” rating in a report on Thursday, August 17th. Barclays PLC initiated coverage on shares of Nasdaq in a report on Friday, September 8th. They issued an “overweight” rating and a $85.00 price target for the company. BidaskClub lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Citigroup Inc. initiated coverage on shares of Nasdaq in a report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 price target for the company. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $76.00 price target on shares of Nasdaq in a report on Monday, September 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Nasdaq presently has a consensus rating of “Hold” and a consensus target price of $76.50.
In other Nasdaq news, Director Lars Wedenborn sold 3,045 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $76.13, for a total value of $231,815.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Edward S. Knight sold 15,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the transaction, the insider now owns 78,063 shares in the company, valued at $5,807,106.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,844 shares of company stock worth $2,788,100. 1.60% of the stock is owned by corporate insiders.
Nasdaq, Inc. (NASDAQ:NDAQ) opened at 74.34 on Monday. The stock has a market cap of $12.40 billion, a P/E ratio of 56.49 and a beta of 0.77. Nasdaq, Inc. has a 12 month low of $63.30 and a 12 month high of $78.31. The stock has a 50 day moving average of $75.64 and a 200-day moving average of $72.02.
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, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The firm had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. On average, equities analysts forecast that Nasdaq, Inc. will post $4.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.04%. Nasdaq’s dividend payout ratio (DPR) is 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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