Bokf Na decreased its position in Nasdaq Inc (NASDAQ:NDAQ) by 41.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,892 shares of the financial services provider’s stock after selling 24,388 shares during the period. Bokf Na’s holdings in Nasdaq were worth $2,847,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new position in Nasdaq in the fourth quarter valued at $43,000. Doyle Wealth Management acquired a new position in Nasdaq in the fourth quarter valued at $51,000. Meeder Asset Management Inc. acquired a new position in Nasdaq in the fourth quarter valued at $77,000. Federated Investors Inc. PA acquired a new position in Nasdaq in the third quarter valued at $106,000. Finally, Enlightenment Research LLC acquired a new position in Nasdaq in the fourth quarter valued at $106,000. Institutional investors and hedge funds own 76.23% of the company’s stock.
NDAQ opened at $83.99 on Friday. Nasdaq Inc has a 1-year low of $75.49 and a 1-year high of $96.84. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 2.05 and a beta of 0.64.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.02. Nasdaq had a net margin of 10.71% and a return on equity of 14.53%. The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $642.95 million. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts predict that Nasdaq Inc will post 5.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, March 14th. Nasdaq’s dividend payout ratio (DPR) is currently 36.36%.
Several research firms recently issued reports on NDAQ. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. BidaskClub lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Wednesday. Raymond James dropped their target price on shares of Nasdaq from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Tuesday, March 5th. Finally, Argus began coverage on shares of Nasdaq in a report on Wednesday, February 6th. They issued a “buy” rating and a $97.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $96.00.
In other news, EVP Pc Nelson Griggs sold 1,339 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $90.24, for a total transaction of $120,831.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley J. Peterson sold 6,159 shares of the business’s stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $85.48, for a total transaction of $526,471.32. Following the sale, the insider now directly owns 39,482 shares of the company’s stock, valued at $3,374,921.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,339 shares of company stock valued at $1,114,349. Insiders own 0.40% of the company’s stock.
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.
Featured Article: How Short Selling Works
Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq Inc (NASDAQ:NDAQ).
Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.