Reliance Trust Co. of Delaware increased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,545 shares of the financial services provider’s stock after buying an additional 552 shares during the period. Reliance Trust Co. of Delaware’s holdings in Nasdaq were worth $682,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Tompkins Financial Corp bought a new position in Nasdaq during the first quarter worth about $143,000. Pacer Advisors Inc. boosted its position in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares during the period. Advisory Services Network LLC acquired a new position in shares of Nasdaq during the first quarter valued at about $189,000. Ameritas Investment Partners Inc. acquired a new position in shares of Nasdaq during the first quarter valued at about $190,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of Nasdaq during the first quarter valued at about $203,000. 75.44% of the stock is owned by institutional investors and hedge funds.
Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.91 on Friday. The firm has a 50-day moving average of $73.62 and a 200 day moving average of $70.58. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 56.92 and a beta of 0.76. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $77.75.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm had revenue of $602 million for the quarter, compared to analyst estimates of $596.55 million. During the same quarter last year, the firm posted $0.91 earnings per share. Nasdaq’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts predict 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. Stockholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.03%. Nasdaq’s dividend payout ratio is currently 118.75%.
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Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods set a $76.00 target price on shares of Nasdaq and gave the stock a “hold” rating in a report on Thursday. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. UBS AG reissued a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $76.00 price objective (up previously from $74.00) on shares of Nasdaq in a report on Thursday, July 27th. Finally, Citigroup Inc. assumed coverage on shares of Nasdaq in a report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $75.30.
In other news, insider Bjorn Sibbern sold 3,000 shares of Nasdaq stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total transaction of $228,510.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Edward S. Knight sold 15,000 shares of Nasdaq 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 sale, the insider now owns 78,063 shares in the company, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold 32,629 shares of company stock worth $2,466,989 in the last quarter. Insiders own 1.60% of the company’s stock.
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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