Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 40.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,840 shares of the financial services provider’s stock after selling 14,791 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nasdaq were worth $1,561,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in NDAQ. Pacer Advisors Inc. boosted its position in shares of Nasdaq by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 77 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Nasdaq in the first quarter worth about $190,000. Jaffetilchin Investment Partners LLC acquired a new position in shares of Nasdaq in the first quarter worth about $203,000. IFP Advisors Inc boosted its holdings in shares of Nasdaq by 9.4% in the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock worth $203,000 after buying an additional 243 shares during the period. Finally, Private Advisor Group LLC acquired a new position in shares of Nasdaq in the first quarter worth about $204,000. 74.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.75 on Friday. The firm’s 50-day moving average is $75.24 and its 200-day moving average is $71.18. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $77.75. The firm has a market cap of $12.47 billion, a P/E ratio of 56.80 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $602.00 million for the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, analysts anticipate that Nasdaq, Inc. will post $4.17 EPS for the current fiscal year.
The firm also recently announced 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. The ex-dividend date is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. Nasdaq’s dividend payout ratio is currently 118.75%.
Several research firms recently commented on NDAQ. Royal Bank Of Canada restated a “hold” rating and set a $76.00 price target on shares of Nasdaq in a report on Monday, September 11th. BidaskClub cut shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Barclays PLC began coverage on shares of Nasdaq in a report on Friday, September 8th. They set an “overweight” rating and a $85.00 price target for the company. Jefferies Group LLC restated a “hold” rating and set a $71.00 price target (up from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Finally, UBS AG reaffirmed a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $76.10.
In other news, insider Edward S. Knight sold 15,000 shares of the company’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 completion of the transaction, the insider now directly owns 78,063 shares in the company, valued at approximately $5,807,106.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bjorn Sibbern sold 3,000 shares of the company’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 disclosure for this sale can be found here. Insiders sold a total of 36,844 shares of company stock worth $2,788,100 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.
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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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