Marshall Wace North America L.P. purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent filing with the SEC. The fund purchased 370,648 shares of the financial services provider’s stock, valued at approximately $26,316,000. Marshall Wace North America L.P. owned 0.22% of Nasdaq at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its stake in Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares during the period. Advisory Services Network LLC acquired a new stake in Nasdaq during the first quarter valued at approximately $189,000. Ameritas Investment Partners Inc. acquired a new stake in Nasdaq during the first quarter valued at approximately $190,000. Mn Services Vermogensbeheer B.V. increased its stake 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 valued at $201,000 after buying an additional 161 shares during the period. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in Nasdaq during the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 75.44% of the company’s stock.
Nasdaq, Inc. (NASDAQ:NDAQ) opened at 75.29 on Tuesday. The firm’s 50-day moving average is $73.72 and its 200-day moving average is $70.62. The stock has a market cap of $12.56 billion, a P/E ratio of 57.21 and a beta of 0.76. Nasdaq, Inc. has a 12 month low of $63.30 and a 12 month high of $77.75.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company had revenue of $602 million during the quarter, compared to analysts’ expectations of $596.55 million. During the same period last year, the firm posted $0.91 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts forecast that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.02%. Nasdaq’s payout ratio is 118.75%.
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Several analysts recently commented on the stock. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Royal Bank Of Canada set a $74.00 price target on shares of Nasdaq and gave the company a “hold” rating in a research report on Monday, July 17th. Evercore ISI reiterated an “in-line” rating and issued a $74.00 price target on shares of Nasdaq in a research report on Friday, April 28th. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $71.00 price target (up previously from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $75.30.
In other news, insider Bjorn Sibbern sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total value of $228,510.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the sale, the insider now directly owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,629 shares of company stock valued at $2,466,989. 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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