Sapience Investments LLC boosted its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 19.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,150 shares of the financial services provider’s stock after buying an additional 5,750 shares during the quarter. Sapience Investments LLC’s holdings in Nasdaq were worth $2,701,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Delpha Capital Management LLC purchased a new position in Nasdaq during the fourth quarter worth $103,000. Delta Asset Management LLC TN boosted its stake in Nasdaq by 6,087.0% during the fourth quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,400 shares during the period. Invictus RG purchased a new position in Nasdaq during the third quarter worth $111,000. ARK Investment Management LLC purchased a new position in Nasdaq during the fourth quarter worth $122,000. Finally, Cerebellum GP LLC purchased a new position in Nasdaq during the fourth quarter worth $125,000. 76.87% of the stock is owned by institutional investors.
NDAQ has been the subject of a number of recent analyst reports. UBS Group reissued a “buy” rating and set a $89.00 target price (up from $83.00) on shares of Nasdaq in a research note on Monday, December 11th. Wells Fargo & Co reissued a “market perform” rating and set a $83.00 target price (up from $77.00) on shares of Nasdaq in a research note on Wednesday, January 10th. ValuEngine raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. BidaskClub lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Finally, Bank of America boosted their target price on shares of Nasdaq from $79.00 to $82.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $84.23.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. The firm had revenue of $635.00 million during the quarter, compared to the consensus estimate of $628.36 million. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. research analysts anticipate that Nasdaq Inc will post 4.82 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.38 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.76%. Nasdaq’s payout ratio is currently 35.19%.
Nasdaq declared that its Board of Directors has approved a share buyback program on Monday, January 29th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other Nasdaq news, insider Bradley J. Peterson sold 19,169 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $80.70, for a total value of $1,546,938.30. Following the completion of the transaction, the insider now directly owns 32,214 shares in the company, valued at $2,599,669.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charlene T. Begley sold 4,017 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $81.37, for a total transaction of $326,863.29. The disclosure for this sale can be found here. Insiders sold 42,837 shares of company stock valued at $3,442,932 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.
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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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