Nasdaq, Inc. (NDAQ) Holdings Cut by Flinton Capital Management LLC

Flinton Capital Management LLC reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 12.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,886 shares of the financial services provider’s stock after selling 1,904 shares during the quarter. Flinton Capital Management LLC’s holdings in Nasdaq were worth $921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its position in shares of Nasdaq by 13.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 178 shares during the last quarter. Pacer Advisors Inc. lifted its position in 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 last quarter. Ameritas Investment Partners Inc. bought a new stake in Nasdaq in the first quarter worth $190,000. MML Investors Services LLC bought a new stake in Nasdaq in the second quarter worth $201,000. Finally, IFP Advisors Inc lifted its position in Nasdaq by 9.4% in the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock worth $203,000 after buying an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 74.44% of the company’s stock.

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In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bjorn Sibbern sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total value of $228,510.00. The disclosure for this sale can be found here. Insiders sold 36,844 shares of company stock valued at $2,788,100 over the last 90 days. 1.60% of the stock is currently owned by insiders.

A number of analysts recently issued reports on NDAQ shares. BidaskClub downgraded Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Citigroup Inc. started coverage on Nasdaq in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 target price on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Royal Bank Of Canada set a $74.00 price target on Nasdaq and gave the company a “hold” rating in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $76.50.

Shares of Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.11 on Tuesday. The firm has a market cap of $12.36 billion, a P/E ratio of 56.31 and a beta of 0.77. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $78.31. The firm has a 50-day moving average price of $75.64 and a 200 day moving average price of $72.02.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The business had revenue of $602.00 million during 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%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. On average, analysts forecast that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.05%. Nasdaq’s dividend payout ratio is presently 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.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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