First Manhattan Co. Continues to Hold Position in Nasdaq, Inc. (NASDAQ:NDAQ)

First Manhattan Co. continued to hold its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,618 shares of the financial services provider’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Nasdaq were worth $473,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC boosted its stake in Nasdaq by 2.4% in the second quarter. Aperio Group LLC now owns 95,486 shares of the financial services provider’s stock valued at $6,826,000 after buying an additional 2,218 shares in the last quarter. NGAM Advisors L.P. boosted its stake in Nasdaq by 16.4% in the second quarter. NGAM Advisors L.P. now owns 231,705 shares of the financial services provider’s stock valued at $16,564,000 after buying an additional 32,562 shares in the last quarter. Reliance Trust Co. of Delaware boosted its stake in Nasdaq by 6.1% in the second quarter. Reliance Trust Co. of Delaware now owns 9,545 shares of the financial services provider’s stock valued at $682,000 after buying an additional 552 shares in the last quarter. Aviance Capital Partners LLC raised its stake in shares of Nasdaq by 23.4% in the second quarter. Aviance Capital Partners LLC now owns 10,094 shares of the financial services provider’s stock valued at $722,000 after buying an additional 1,913 shares during the last quarter. Finally, Rothschild Asset Management Inc. raised its stake in shares of Nasdaq by 7.8% in the second quarter. Rothschild Asset Management Inc. now owns 10,182 shares of the financial services provider’s stock valued at $728,000 after buying an additional 740 shares during the last quarter. 75.44% of the stock is currently owned by institutional investors.

Nasdaq, Inc. (NDAQ) traded down 1.80% during trading on Friday, reaching $74.91. 1,542,030 shares of the company were exchanged. The company has a market capitalization of $12.49 billion, a P/E ratio of 56.92 and a beta of 0.76. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $77.75. The firm’s 50-day moving average is $73.62 and its 200 day moving average is $70.58.

Nasdaq (NASDAQ:NDAQ) last posted its 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 company had revenue of $602 million for the quarter, compared to analyst estimates of $596.55 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Nasdaq, Inc. will post $4.17 EPS 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 issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio is presently 118.75%.

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Several brokerages have issued reports on NDAQ. UBS AG reiterated a “buy” rating and issued a $81.00 price target (down previously from $85.00) on shares of Nasdaq in a research note on Friday, April 28th. BidaskClub lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Evercore ISI reiterated an “in-line” rating and issued a $74.00 price target on shares of Nasdaq in a research note on Friday, April 28th. Keefe, Bruyette & Woods set a $76.00 price target on shares of Nasdaq and gave the company a “hold” rating in a research note on Thursday. Finally, Royal Bank Of Canada boosted their price objective on shares of Nasdaq from $70.00 to $74.00 and gave the company a “sector perform” rating in a report on Thursday, April 27th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Nasdaq presently has an average rating of “Hold” and a consensus target price of $75.30.

In other Nasdaq news, insider Bjorn Sibbern sold 3,000 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward S. Knight sold 14,629 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was 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 three months, insiders sold 32,629 shares of company stock valued at $2,466,989. Corporate insiders own 1.60% of the company’s stock.

About Nasdaq

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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