Machina Capital S.A.S. purchased a new position in shares of Nasdaq Inc (NASDAQ:NDAQ) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 9,004 shares of the financial services provider’s stock, valued at approximately $734,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Capital World Investors purchased a new stake in Nasdaq during the 3rd quarter worth approximately $333,215,000. Norges Bank purchased a new stake in Nasdaq during the 4th quarter worth approximately $93,156,000. Findlay Park Partners LLP increased its holdings in Nasdaq by 70.5% during the 4th quarter. Findlay Park Partners LLP now owns 1,875,000 shares of the financial services provider’s stock worth $152,944,000 after purchasing an additional 775,000 shares during the last quarter. Millennium Management LLC increased its holdings in Nasdaq by 277.6% during the 4th quarter. Millennium Management LLC now owns 318,740 shares of the financial services provider’s stock worth $26,000,000 after purchasing an additional 234,328 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Nasdaq during the 4th quarter worth approximately $16,175,000. 76.15% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on NDAQ shares. BidaskClub upgraded Nasdaq from a “buy” rating to a “strong-buy” rating in a report on Friday, January 25th. Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, January 11th. ValuEngine downgraded Nasdaq from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Citigroup lifted their price objective on Nasdaq from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, December 3rd. Finally, Raymond James dropped their price objective on Nasdaq from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Nasdaq has a consensus rating of “Hold” and a consensus target price of $96.00.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.02. Nasdaq had a return on equity of 14.53% and a net margin of 10.71%. The business had revenue of $645.00 million during the quarter, compared to the consensus estimate of $642.95 million. During the same period in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts forecast that Nasdaq Inc will post 5.12 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.44 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.99%. Nasdaq’s dividend payout ratio (DPR) is 36.36%.
In related news, EVP Pc Nelson Griggs sold 1,339 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $90.24, for a total transaction of $120,831.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley J. Peterson sold 6,159 shares of the company’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $85.48, for a total value of $526,471.32. Following the transaction, the insider now owns 39,482 shares of the company’s stock, valued at $3,374,921.36. The disclosure for this sale can be found here. Insiders sold a total of 13,339 shares of company stock valued at $1,114,349 over the last quarter. Company insiders own 0.50% of the company’s stock.
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Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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