Nationwide Fund Advisors held its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,411 shares of the financial services provider’s stock at the end of the 2nd quarter. Nationwide Fund Advisors’ holdings in Nasdaq were worth $2,317,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of NDAQ. Pacer Advisors Inc. increased its stake in Nasdaq by 3.4% during the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 77 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Nasdaq during the first quarter worth $190,000. IFP Advisors Inc increased its stake in Nasdaq by 9.4% during the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 243 shares during the last quarter. Advisor Partners LLC acquired a new stake in Nasdaq during the second quarter worth $214,000. Finally, Comerica Securities Inc. acquired a new stake in Nasdaq during the second quarter worth $237,000. 74.63% of the stock is owned by institutional investors.
Several research firms have issued reports on NDAQ. Keefe, Bruyette & Woods reissued a “hold” rating and set a $78.00 target price on shares of Nasdaq in a research note on Thursday. Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. BidaskClub cut Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $76.00 price objective (up from $74.00) on shares of Nasdaq in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $71.00 price objective (up from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $76.30.
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In related news, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward S. Knight sold 15,000 shares of the 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 of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is owned by insiders.
Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.34 on Friday. The company’s 50-day moving average price is $75.64 and its 200 day moving average price is $71.99. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $78.31. The firm has a market capitalization of $12.40 billion, a PE ratio of 56.49 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly 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 12.19% and a net margin of 5.76%. The firm had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. During the same period in the prior year, the firm earned $0.91 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Nasdaq, Inc. will post $4.17 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.04%. Nasdaq’s dividend payout ratio is currently 118.75%.
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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