Public Employees Retirement Association of Colorado boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,359 shares of the financial services provider’s stock after buying an additional 31 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Nasdaq were worth $1,527,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in shares of Nasdaq by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 3,603 shares of the financial services provider’s stock worth $250,000 after buying an additional 15 shares during the period. Palo Capital Inc. raised its stake in shares of Nasdaq by 0.4% in the second quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock worth $769,000 after buying an additional 45 shares during the period. Pacer Advisors Inc. raised 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. Profund Advisors LLC raised its stake in shares of Nasdaq by 2.5% in the first quarter. Profund Advisors LLC now owns 3,775 shares of the financial services provider’s stock worth $262,000 after buying an additional 91 shares during the period. Finally, Utah Retirement Systems raised its stake in shares of Nasdaq by 0.5% in the first quarter. Utah Retirement Systems now owns 20,518 shares of the financial services provider’s stock worth $1,425,000 after buying an additional 100 shares during the period. 75.59% of the stock is currently owned by institutional investors.
Nasdaq, Inc. (NDAQ) opened at 75.50 on Friday. The company’s 50-day moving average price is $72.81 and its 200 day moving average price is $70.29. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 57.37 and a beta of 0.76. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $76.79.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $602 million for the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. Nasdaq’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. Equities analysts predict that Nasdaq, Inc. will post $4.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.
A number of equities research analysts have recently issued reports on NDAQ shares. BidaskClub raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Deutsche Bank AG cut their target price on Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Citigroup Inc. started coverage on Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 target price on the stock. Finally, Royal Bank Of Canada set a $70.00 target price on Nasdaq and gave the stock a “hold” rating in a research report on Friday, April 21st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $75.22.
In related news, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the sale, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.
Nasdaq Company Profile
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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