Cue Financial Group Inc. increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,807 shares of the financial services provider’s stock after buying an additional 175 shares during the period. Cue Financial Group Inc.’s holdings in Nasdaq were worth $987,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. Tompkins Financial Corp bought a new position in Nasdaq during the first quarter worth about $143,000. Pacer Advisors Inc. raised 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 during the period. Advisory Services Network LLC bought a new position in Nasdaq during the first quarter worth about $189,000. Ameritas Investment Partners Inc. bought a new position in Nasdaq during the first quarter worth about $190,000. Finally, Mn Services Vermogensbeheer B.V. raised 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 during the period. Hedge funds and other institutional investors own 75.59% of the company’s stock.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) opened at 75.50 on Friday. The stock’s 50 day moving average price is $72.81 and its 200-day moving average price is $70.29. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $76.79. The firm has a market cap of $12.59 billion, a PE ratio of 57.37 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results 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 net margin of 5.76% and a return on equity of 12.19%. The business had revenue of $602 million for the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter last year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts anticipate that Nasdaq, Inc. will post $4.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.01%. Nasdaq’s payout ratio is 118.75%.
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NDAQ has been the subject of a number of recent research reports. Deutsche Bank AG decreased their target price on Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a report on Friday, April 28th. UBS AG reaffirmed a “buy” rating and set a $81.00 price target (down from $85.00) on shares of Nasdaq in a report on Friday, April 28th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Royal Bank Of Canada set a $70.00 price target on Nasdaq and gave the stock a “hold” rating in a report on Friday, April 21st. Finally, Jefferies Group LLC reaffirmed 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $75.22.
In other news, insider Edward S. Knight sold 15,000 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the transaction, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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