Moors & Cabot Inc. lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 24.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,350 shares of the financial services provider’s stock after selling 1,055 shares during the period. Moors & Cabot Inc.’s holdings in Nasdaq were worth $240,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC grew its holdings in shares of Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 178 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 77 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Nasdaq in the first quarter worth $190,000. MML Investors Services LLC bought a new stake in shares of Nasdaq in the second quarter worth $201,000. Finally, IFP Advisors Inc grew its holdings in shares of Nasdaq by 9.4% in the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 243 shares during the period. 74.63% of the stock is owned by institutional investors.
Several research firms recently weighed in on NDAQ. BidaskClub downgraded Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $78.00 target price on shares of Nasdaq in a research report on Thursday. Citigroup Inc. began coverage on Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 target price on the stock. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Bank of America Corporation downgraded Nasdaq from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $77.00 to $75.00 in a research report on Monday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $76.30.
In other news, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total transaction of $89,294.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lars Wedenborn sold 3,045 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $76.13, for a total value of $231,815.85. The disclosure for this sale can be found here. Insiders have sold a total of 36,844 shares of company stock worth $2,788,100 over the last 90 days. Insiders own 1.60% of the company’s stock.
Shares of Nasdaq, Inc. (NASDAQ NDAQ) traded down 0.49% during trading on Friday, hitting $74.54. The stock had a trading volume of 71,129 shares. The firm has a market cap of $12.43 billion, a P/E ratio of 56.64 and a beta of 0.77. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $78.31. The firm has a 50 day moving average price of $75.66 and a 200 day moving average price of $71.94.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. The company had revenue of $602.00 million for the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. On average, equities analysts expect that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
Nasdaq Company Profile
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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