Capstone Asset Management Co. Acquires 14 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Capstone Asset Management Co. boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,244 shares of the financial services provider’s stock after buying an additional 14 shares during the period. Capstone Asset Management Co.’s holdings in Nasdaq were worth $804,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NDAQ. Thrivent Financial for Lutherans boosted its position in Nasdaq by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,970 shares of the financial services provider’s stock worth $266,000 after buying an additional 230 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Nasdaq during the fourth quarter worth approximately $478,000. Ibex Wealth Advisors boosted its position in Nasdaq by 4.0% in the fourth quarter. Ibex Wealth Advisors now owns 21,300 shares of the financial services provider’s stock worth $1,435,000 after buying an additional 828 shares in the last quarter. Teachers Advisors LLC boosted its position in Nasdaq by 7.3% in the fourth quarter. Teachers Advisors LLC now owns 172,949 shares of the financial services provider’s stock worth $11,608,000 after buying an additional 11,768 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new position in Nasdaq during the fourth quarter worth approximately $555,000. 75.44% of the stock is owned by hedge funds and other institutional investors.

Nasdaq, Inc. (NASDAQ NDAQ) traded down 1.80% during midday trading on Friday, hitting $74.91. 1,542,030 shares of the stock traded hands. The company’s 50-day moving average is $73.62 and its 200 day moving average is $70.58. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $77.75. The firm has a market cap of $12.49 billion, a P/E ratio of 56.92 and a beta of 0.76.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts anticipate that Nasdaq, Inc. will post $4.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. Nasdaq’s dividend payout ratio is currently 118.75%.

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NDAQ has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $70.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a research note on Friday, April 21st. Deutsche Bank AG dropped their price target on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Evercore ISI reaffirmed an “in-line” rating and set a $74.00 price target on shares of Nasdaq in a research note on Friday, April 28th. UBS AG reissued a “buy” rating and issued a $81.00 price objective (down from $85.00) on shares of Nasdaq in a research report on Friday, April 28th. Finally, BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Nasdaq presently has an average rating of “Hold” and an average price target of $75.30.

In other Nasdaq news, insider Bjorn Sibbern sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total transaction of $228,510.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now directly owns 78,063 shares in the company, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. Insiders sold 32,629 shares of company stock valued at $2,466,989 in the last quarter. 1.60% of the stock is 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.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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