AMP Capital Investors Ltd decreased its position in Nasdaq Inc (NASDAQ:NDAQ) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,011 shares of the financial services provider’s stock after selling 2,016 shares during the period. AMP Capital Investors Ltd’s holdings in Nasdaq were worth $5,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of NDAQ. Cornerstone Wealth Management LLC purchased a new position in Nasdaq in the 2nd quarter worth $122,000. Piedmont Investment Advisors LLC purchased a new position in Nasdaq in the 2nd quarter worth $125,000. TNB Financial purchased a new position in Nasdaq in the 2nd quarter worth $201,000. GWM Advisors LLC purchased a new position in Nasdaq in the 2nd quarter worth $207,000. Finally, Baird Financial Group Inc. purchased a new position in Nasdaq in the 1st quarter worth $214,000. Institutional investors own 75.66% of the company’s stock.
In other news, insider Bradley J. Peterson sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total transaction of $140,010.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.
NASDAQ NDAQ opened at $90.73 on Friday. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 1.98 and a beta of 0.65. Nasdaq Inc has a fifty-two week low of $71.65 and a fifty-two week high of $96.84. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.56.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.01. The business had revenue of $615.00 million during the quarter, compared to analyst estimates of $620.25 million. Nasdaq had a return on equity of 13.40% and a net margin of 18.13%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. analysts forecast that Nasdaq Inc will post 4.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, September 13th. Nasdaq’s dividend payout ratio (DPR) is presently 43.35%.
A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday. Rosenblatt Securities assumed coverage on Nasdaq in a research note on Wednesday, September 5th. They issued a “neutral” rating and a $99.00 target price for the company. UBS Group lifted their price objective on Nasdaq from $101.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Citigroup lifted their price objective on Nasdaq from $89.00 to $95.00 and gave the company a “$95.59” rating in a research note on Wednesday, July 18th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $90.00 price objective on shares of Nasdaq in a research note on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $94.07.
Nasdaq Company Profile
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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