Virginia Retirement Systems ET AL acquired a new stake in shares of Nasdaq Inc (NASDAQ:NDAQ) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 2,700 shares of the financial services provider’s stock, valued at approximately $236,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Capital Investment Advisory Services LLC bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $43,000. Doyle Wealth Management bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $51,000. Meeder Asset Management Inc. bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $77,000. Enlightenment Research LLC bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $106,000. Finally, Bremer Trust National Association bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $106,000. 76.05% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Argus assumed coverage on shares of Nasdaq in a research report on Wednesday, February 6th. They issued a “buy” rating and a $97.00 price target on the stock. Finally, Raymond James dropped their price target on shares of Nasdaq from $97.00 to $96.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $97.92.
Shares of Nasdaq stock opened at $92.51 on Friday. The firm has a market capitalization of $15.11 billion, a PE ratio of 19.11, a P/E/G ratio of 2.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.84 and a current ratio of 0.84. Nasdaq Inc has a 1 year low of $75.49 and a 1 year high of $96.84.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. The business had revenue of $638.00 million for the quarter, compared to the consensus estimate of $632.71 million. Nasdaq had a net margin of 12.67% and a return on equity of 14.60%. Nasdaq’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share. On average, sell-side analysts anticipate that Nasdaq Inc will post 4.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.47 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, June 13th. This represents a $1.88 annualized dividend and a dividend yield of 2.03%. Nasdaq’s dividend payout ratio (DPR) is presently 36.36%.
In other news, EVP Pc Nelson Griggs sold 1,339 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $90.24, for a total value of $120,831.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Thomas A. Wittman sold 13,561 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $88.04, for a total transaction of $1,193,910.44. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.
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Nasdaq Company Profile
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.
Further Reading: Net Margin – Understanding the Different Kinds of Profit
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