Pillar Pacific Capital Management LLC raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,850 shares of the financial services provider’s stock after buying an additional 525 shares during the period. Pillar Pacific Capital Management LLC owned 0.05% of Nasdaq worth $6,066,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of NDAQ. Janney Montgomery Scott LLC boosted its position in shares of Nasdaq by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 3,603 shares of the financial services provider’s stock valued at $250,000 after buying an additional 15 shares during the period. Palo Capital Inc. boosted its position in shares of Nasdaq by 0.4% in the second quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock valued at $769,000 after buying an additional 45 shares during the period. 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. Profund Advisors LLC boosted its position in shares of Nasdaq by 2.5% in the first quarter. Profund Advisors LLC now owns 3,775 shares of the financial services provider’s stock valued at $262,000 after buying an additional 91 shares during the period. Finally, Utah Retirement Systems boosted its position in shares of Nasdaq by 0.5% in the first quarter. Utah Retirement Systems now owns 20,518 shares of the financial services provider’s stock valued at $1,425,000 after buying an additional 100 shares during the period. 75.50% of the stock is owned by institutional investors and hedge funds.
Nasdaq, Inc. (NDAQ) opened at 74.78 on Wednesday. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $75.23. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 57.26 and a beta of 0.76. The firm’s 50-day moving average price is $71.74 and its 200-day moving average price is $69.89.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping 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 firm had revenue of $602 million for the quarter, compared to the consensus estimate of $596.55 million. During the same quarter last year, the company earned $0.91 earnings per share. The business’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 $4.16 EPS for the current fiscal year.
The business 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 $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.
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A number of research firms have recently commented on NDAQ. UBS AG reiterated a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $76.00 target price (up from $74.00) on shares of Nasdaq in a research note on Thursday, July 27th. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Citigroup Inc. began coverage on Nasdaq in a research note on Wednesday, July 12th. They set a “neutral” rating and a $72.00 target price on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $71.00 target price (up from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $75.22.
In other news, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total value of $1,115,850.00. Following the transaction, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by company insiders.
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.
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