Delta Capital Management LLC held its position in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,200 shares of the financial services provider’s stock at the end of the second quarter. Delta Capital Management LLC’s holdings in Nasdaq were worth $229,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in Nasdaq by 1.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock valued at $1,069,202,000 after buying an additional 146,050 shares during the last quarter. Vanguard Group Inc. raised its position in Nasdaq by 3.8% in the first quarter. Vanguard Group Inc. now owns 11,262,495 shares of the financial services provider’s stock valued at $782,180,000 after buying an additional 416,910 shares during the last quarter. BlackRock Inc. raised its position in Nasdaq by 3,831.1% in the first quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock valued at $662,992,000 after buying an additional 9,303,493 shares during the last quarter. State Street Corp raised its position in Nasdaq by 0.4% in the first quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock valued at $367,865,000 after buying an additional 20,813 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Nasdaq by 13.1% in the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock valued at $214,929,000 after buying an additional 358,414 shares during the last quarter. 74.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Nasdaq, Inc. (NDAQ) traded up 0.29% during trading on Thursday, reaching $71.54. 640,920 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $69.05 and a 200 day moving average price of $69.14. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $72.52. The company has a market capitalization of $11.82 billion, a P/E ratio of 83.38 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.05. The business had revenue of $583 million during the quarter, compared to analysts’ expectations of $593.46 million. Nasdaq had a return on equity of 11.77% and a net margin of 3.87%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. Equities analysts expect that Nasdaq, Inc. will post $4.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Wednesday, June 14th. This is a boost from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s dividend payout ratio (DPR) is presently 183.13%.
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NDAQ has been the subject of a number of recent analyst reports. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Citigroup Inc. initiated coverage on shares of Nasdaq in a research note on Wednesday. They set a “neutral” rating and a $72.00 target price for the company. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 target price on shares of Nasdaq in a research note on Tuesday, June 13th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $68.00 target price on shares of Nasdaq in a research note on Monday, April 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $73.00.
In other news, Director Lars Wedenborn sold 10,000 shares of Nasdaq stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $68.38, for a total value of $683,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.
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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