HighTower Advisors LLC decreased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 42.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,223 shares of the financial services provider’s stock after selling 2,396 shares during the period. HighTower Advisors LLC’s holdings in Nasdaq were worth $225,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of 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 period. Vanguard Group Inc. increased its stake in shares of 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 period. WINTON GROUP Ltd increased its stake in shares of Nasdaq by 453.0% in the first quarter. WINTON GROUP Ltd now owns 396,932 shares of the financial services provider’s stock valued at $26,809,000 after buying an additional 325,148 shares during the period. Credit Agricole S A increased its stake in shares of Nasdaq by 57.8% in the first quarter. Credit Agricole S A now owns 738,195 shares of the financial services provider’s stock valued at $51,266,000 after buying an additional 270,415 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Nasdaq by 1,254.2% in the first quarter. BNP Paribas Arbitrage SA now owns 283,311 shares of the financial services provider’s stock valued at $19,676,000 after buying an additional 262,390 shares during the period. Hedge funds and other institutional investors own 75.50% of the company’s stock.
Nasdaq, Inc. (NDAQ) opened at 72.74 on Monday. The company has a 50 day moving average of $70.65 and a 200 day moving average of $69.51. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $72.79. The company has a market capitalization of $12.02 billion, a PE ratio of 84.78 and a beta of 0.75.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. The business had revenue of $583 million during the quarter, compared to analyst estimates of $593.46 million. Nasdaq had a return on equity of 11.77% and a net margin of 3.87%. Nasdaq’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. On average, analysts predict that Nasdaq, Inc. will post $4.11 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were given a $0.38 dividend. This is a positive change from Nasdaq’s previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Wednesday, June 14th. Nasdaq’s dividend payout ratio is presently 183.13%.
A number of analysts have recently issued reports on NDAQ shares. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Deutsche Bank AG lowered 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. Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Royal Bank Of Canada set a $70.00 price objective on shares of Nasdaq and gave the company a “hold” rating in a report on Friday, April 21st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $74.00.
In related news, Director Lars Wedenborn sold 10,000 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $68.38, for a total value of $683,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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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