Gateway Investment Advisers LLC boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,510 shares of the financial services provider’s stock after buying an additional 15 shares during the period. Gateway Investment Advisers LLC’s holdings in Nasdaq were worth $608,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in Nasdaq by 163.5% in the second quarter. Bank of Montreal Can now owns 195,050 shares of the financial services provider’s stock valued at $13,944,000 after buying an additional 121,019 shares during the last quarter. Atria Investments LLC bought a new position in shares of Nasdaq during the second quarter valued at approximately $392,000. Xact Kapitalforvaltning AB raised its position in shares of Nasdaq by 17.9% in the second quarter. Xact Kapitalforvaltning AB now owns 34,568 shares of the financial services provider’s stock valued at $2,471,000 after buying an additional 5,246 shares during the last quarter. Pensionfund Sabic bought a new position in shares of Nasdaq during the second quarter valued at approximately $1,430,000. Finally, Pensionfund DSM Netherlands bought a new position in shares of Nasdaq during the second quarter valued at approximately $2,860,000. 75.44% of the stock is owned by institutional investors and hedge funds.
Nasdaq, Inc. (NDAQ) traded down 1.80% during trading on Friday, reaching $74.91. 1,542,030 shares of the company’s stock were exchanged. Nasdaq, Inc. has a 52 week low of $63.30 and a 52 week high of $77.75. The stock has a 50-day moving average of $73.62 and a 200-day moving average of $70.58. The stock has a market capitalization of $12.49 billion, a PE ratio of 56.92 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $602 million during the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Nasdaq, Inc. will post $4.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.
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NDAQ has been the subject of several research analyst reports. Royal Bank Of Canada set a $70.00 price objective on shares of Nasdaq and gave the company a “hold” rating in a research report on Friday, April 21st. Deutsche Bank AG decreased their price objective on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Evercore ISI reaffirmed an “in-line” rating and issued a $74.00 price objective on shares of Nasdaq in a research report on Friday, April 28th. UBS AG reaffirmed 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $75.30.
In other Nasdaq news, insider Bjorn Sibbern sold 3,000 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward S. Knight sold 14,629 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $76.74, for a total value of $1,122,629.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,629 shares of company stock valued at $2,466,989. 1.60% of the stock is owned by company insiders.
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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