Gateway Investment Advisers LLC raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 8,510 shares of the financial services provider’s stock after buying an additional 15 shares during the period. Gateway Investment Advisers LLC’s holdings in Nasdaq were worth $608,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in NDAQ. Massachusetts Financial Services Co. MA boosted its position in shares of 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 worth $1,069,202,000 after buying an additional 146,050 shares during the last quarter. Vanguard Group Inc. boosted its position 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 worth $782,180,000 after buying an additional 416,910 shares during the last quarter. BlackRock Inc. boosted its position 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 worth $662,992,000 after buying an additional 9,303,493 shares during the last quarter. State Street Corp boosted its position in shares of Nasdaq by 0.4% in the first quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock worth $367,865,000 after buying an additional 20,813 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Nasdaq by 13.1% in the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after buying an additional 358,414 shares during the last quarter. 75.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nasdaq, Inc. (NDAQ) opened at 72.64 on Tuesday. The firm has a 50-day moving average of $70.94 and a 200 day moving average of $69.60. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 84.66 and a beta of 0.75. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $72.79.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.05. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The company had revenue of $583 million for the quarter, compared to analyst estimates of $593.46 million. During the same period in the prior year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities research analysts expect that Nasdaq, Inc. will post $4.11 earnings per share for the current year.
The company 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 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 dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, June 14th. Nasdaq’s dividend payout ratio is currently 183.13%.
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A number of equities analysts have issued reports on NDAQ shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $77.00 price objective (down from $79.00) on shares of Nasdaq in a research note on Monday, May 15th. BidaskClub cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Citigroup Inc. started coverage on shares of Nasdaq in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 price objective on the stock. Royal Bank Of Canada raised their price objective on shares of Nasdaq from $70.00 to $74.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $74.00.
In other news, Director Lars Wedenborn sold 10,000 shares of the company’s stock in a transaction on Thursday, April 27th. The shares were 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 SEC, which is available through this link. 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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