Blair William & Co. IL trimmed its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,778 shares of the financial services provider’s stock after selling 144 shares during the quarter. Blair William & Co. IL’s holdings in Nasdaq were worth $270,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of Nasdaq by 3.4% during the 1st 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. Ameritas Investment Partners Inc. acquired a new position in shares of Nasdaq during the 1st quarter worth approximately $190,000. Jaffetilchin Investment Partners LLC acquired a new position in shares of Nasdaq during the 1st quarter worth approximately $203,000. IFP Advisors Inc increased its position in shares of 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 purchasing an additional 243 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Nasdaq during the first quarter worth approximately $204,000. 74.31% of the stock is owned by institutional investors and hedge funds.
Nasdaq, Inc. (NASDAQ:NDAQ) opened at 74.69 on Friday. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $77.75. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 56.76 and a beta of 0.77. The company’s 50-day moving average price is $75.22 and its 200 day moving average price is $71.15.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The firm had revenue of $602.00 million during the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. On average, equities analysts expect that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio is 118.75%.
In related news, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the sale, the insider now directly owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,844 shares of company stock valued at $2,788,100. Corporate insiders own 1.60% of the company’s stock.
Several brokerages recently commented on NDAQ. Royal Bank Of Canada reiterated a “hold” rating and set a $76.00 price target on shares of Nasdaq in a research report on Monday. Barclays PLC began coverage on Nasdaq in a research report on Friday, September 8th. They set an “overweight” rating and a $85.00 price target for the company. Keefe, Bruyette & Woods set a $76.00 price target on Nasdaq and gave the stock a “hold” rating in a research report on Thursday, August 17th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Finally, UBS AG restated a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $76.10.
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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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