World Investment Advisors Decreases Stock Position in Nasdaq, Inc. $NDAQ

World Investment Advisors trimmed its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,827 shares of the financial services provider’s stock after selling 305 shares during the period. World Investment Advisors’ holdings in Nasdaq were worth $2,667,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC lifted its holdings in Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Nasdaq during the 1st quarter valued at about $30,000. CVA Family Office LLC increased its stake in shares of Nasdaq by 137.4% during the 2nd quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 213 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Nasdaq during the 1st quarter valued at about $34,000. Finally, Bayforest Capital Ltd acquired a new position in shares of Nasdaq during the 2nd quarter valued at about $37,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Up 0.3%

Shares of NASDAQ:NDAQ opened at $85.66 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $97.63. The company has a 50 day moving average of $90.65 and a two-hundred day moving average of $87.52. The company has a market capitalization of $48.91 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.79 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $0.74 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Raymond James Financial reissued an “outperform” rating and set a $100.00 target price (up previously from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a research report on Thursday, October 9th. Fifteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.56.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.