Regentatlantic Capital LLC Sells 708 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Regentatlantic Capital LLC cut its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 46,569 shares of the financial services provider’s stock after selling 708 shares during the period. Regentatlantic Capital LLC’s holdings in Nasdaq were worth $3,329,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Tompkins Financial Corp purchased a new stake in shares of Nasdaq during the first quarter worth about $143,000. Pacer Advisors Inc. boosted its stake in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Nasdaq during the first quarter worth about $189,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Nasdaq during the first quarter worth about $190,000. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock worth $201,000 after buying an additional 161 shares during the period. Institutional investors own 75.50% of the company’s stock.

Nasdaq, Inc. (NDAQ) opened at 74.45 on Thursday. The company has a market capitalization of $12.30 billion, a PE ratio of 86.77 and a beta of 0.76. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $74.53. The firm’s 50-day moving average is $71.25 and its 200-day moving average is $69.67.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 11.77% and a net margin of 3.87%. The firm had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. During the same period last year, the firm posted $0.91 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Nasdaq, Inc. will post $4.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio is presently 183.13%.

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A number of brokerages have commented on NDAQ. Deutsche Bank AG decreased their price objective on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 28th. UBS AG reaffirmed a “buy” rating and issued a $81.00 target price (down previously from $85.00) on shares of Nasdaq in a research note on Friday, April 28th. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 target price on shares of Nasdaq in a research note on Tuesday, June 13th. Finally, Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Nasdaq has an average rating of “Hold” and a consensus price target of $74.36.

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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