Voya Investment Management LLC Decreases Position in Nasdaq, Inc. (NDAQ)

Voya Investment Management LLC cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 53.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,100 shares of the financial services provider’s stock after selling 70,566 shares during the period. Voya Investment Management LLC’s holdings in Nasdaq were worth $4,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NDAQ. UBS Asset Management Americas Inc. lifted its position in Nasdaq by 10.0% during the first quarter. UBS Asset Management Americas Inc. now owns 300,242 shares of the financial services provider’s stock valued at $20,852,000 after purchasing an additional 27,248 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Nasdaq during the first quarter valued at $190,000. Pacer Advisors Inc. lifted its position in Nasdaq by 3.4% during the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 77 shares during the period. Blair William & Co. IL lifted its position in Nasdaq by 10.4% during the first quarter. Blair William & Co. IL now owns 3,922 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 370 shares during the period. Finally, Teachers Advisors LLC lifted its position in Nasdaq by 3.8% during the first quarter. Teachers Advisors LLC now owns 179,497 shares of the financial services provider’s stock valued at $12,466,000 after purchasing an additional 6,548 shares during the period. Institutional investors own 74.63% of the company’s stock.

In other news, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the sale, the insider now owns 78,063 shares in the company, valued at approximately $5,807,106.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total transaction of $89,294.40. The disclosure for this sale can be found here. Insiders sold a total of 36,844 shares of company stock valued at $2,788,100 in the last 90 days. Company insiders own 1.60% of the company’s stock.

NDAQ has been the subject of a number of research reports. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods set a $76.00 target price on shares of Nasdaq and gave the company a “hold” rating in a research report on Thursday, August 17th. Royal Bank Of Canada restated a “hold” rating and set a $76.00 target price on shares of Nasdaq in a research report on Monday, September 11th. Citigroup Inc. initiated coverage on shares of Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 target price for the company. Finally, Barclays PLC initiated coverage on shares of Nasdaq in a research report on Friday, September 8th. They set an “overweight” rating and a $85.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $76.30.

Nasdaq, Inc. (NDAQ) opened at 74.91 on Friday. The stock has a market cap of $12.49 billion, a PE ratio of 56.92 and a beta of 0.77. The firm has a 50-day moving average of $75.66 and a 200-day moving average of $71.94. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $78.31.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 $602.00 million during the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter last year, the business earned $0.91 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Equities analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.

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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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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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