Schroder Investment Management Group lessened its holdings in Nasdaq Inc (NASDAQ:NDAQ) by 22.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,747 shares of the financial services provider’s stock after selling 36,435 shares during the period. Schroder Investment Management Group owned approximately 0.08% of Nasdaq worth $11,330,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in NDAQ. Carnegie Capital Asset Management LLC increased its position in Nasdaq by 263.6% during the second quarter. Carnegie Capital Asset Management LLC now owns 10,130 shares of the financial services provider’s stock valued at $933,000 after acquiring an additional 7,344 shares during the last quarter. Bank of Nova Scotia increased its position in Nasdaq by 2,082.1% during the second quarter. Bank of Nova Scotia now owns 323,054 shares of the financial services provider’s stock valued at $29,484,000 after acquiring an additional 308,249 shares during the last quarter. California Public Employees Retirement System increased its position in Nasdaq by 29.4% during the second quarter. California Public Employees Retirement System now owns 400,745 shares of the financial services provider’s stock valued at $36,576,000 after acquiring an additional 90,958 shares during the last quarter. Davy Asset Management Ltd bought a new position in Nasdaq during the second quarter valued at $2,015,000. Finally, Worldquant Millennium Quantitative Strategies LLC bought a new position in Nasdaq during the second quarter valued at $13,766,000. Institutional investors own 75.62% of the company’s stock.
In other news, insider Bradley J. Peterson sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $93.34, for a total transaction of $140,010.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.
NDAQ has been the topic of a number of analyst reports. Citigroup boosted their price objective on shares of Nasdaq from $89.00 to $95.00 and gave the company a “$95.59” rating in a research report on Wednesday, July 18th. Wells Fargo & Co reiterated a “buy” rating and set a $104.00 price objective on shares of Nasdaq in a research report on Friday, June 22nd. Zacks Investment Research upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Tuesday, June 12th. BidaskClub cut shares of Nasdaq from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 27th. Finally, UBS Group boosted their price objective on shares of Nasdaq from $101.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $93.67.
Shares of NDAQ opened at $85.92 on Thursday. The firm has a market cap of $14.42 billion, a PE ratio of 19.35, a P/E/G ratio of 1.90 and a beta of 0.65. Nasdaq Inc has a 12-month low of $71.65 and a 12-month high of $96.84. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.56.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.01. The firm had revenue of $615.00 million during the quarter, compared to analyst estimates of $620.25 million. Nasdaq had a net margin of 18.13% and a return on equity of 13.40%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 earnings per share. analysts predict that Nasdaq Inc will post 4.82 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, September 13th. Nasdaq’s dividend payout ratio is currently 43.35%.
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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