JFS Wealth Advisors LLC Has $138,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

JFS Wealth Advisors LLC maintained its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,930 shares of the financial services provider’s stock at the end of the second quarter. JFS Wealth Advisors LLC’s holdings in Nasdaq were worth $138,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Tompkins Financial Corp purchased a new position in Nasdaq during the first quarter worth about $143,000. Pacer Advisors Inc. increased 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 in the last quarter. Advisory Services Network LLC purchased a new position in Nasdaq during the first quarter worth about $189,000. Ameritas Investment Partners Inc. purchased a new position in Nasdaq during the first quarter worth about $190,000. Finally, Mn Services Vermogensbeheer B.V. increased its position in Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock worth $201,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 75.50% of the company’s stock.

Nasdaq, Inc. (NDAQ) opened at 75.11 on Friday. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $75.68. The company has a 50 day moving average of $71.74 and a 200-day moving average of $69.89. The stock has a market capitalization of $12.42 billion, a P/E ratio of 57.51 and a beta of 0.76.

Nasdaq (NASDAQ:NDAQ) last released 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 company had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. During the same period last year, the company earned $0.91 EPS. Nasdaq’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.02%. Nasdaq’s payout ratio is 118.75%.

A number of equities analysts have issued reports on NDAQ shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $68.00 price objective on shares of Nasdaq in a report on Monday, April 10th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Royal Bank Of Canada set a $70.00 price objective on shares of Nasdaq and gave the stock a “hold” rating in a report on Friday, April 21st. Deutsche Bank AG cut their price objective on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 28th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $74.00 price objective on shares of Nasdaq in a report on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Nasdaq currently has an average rating of “Buy” and an average price target of $75.22.

In related news, insider Edward S. Knight sold 15,000 shares of Nasdaq 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 completion of the sale, the insider now directly owns 78,063 shares in the company, valued at approximately $5,807,106.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently 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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