Geode Capital Management LLC Boosts Holdings in Nasdaq Inc (NDAQ)

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Geode Capital Management LLC raised its position in Nasdaq Inc (NASDAQ:NDAQ) by 3.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,593,512 shares of the financial services provider’s stock after acquiring an additional 47,797 shares during the quarter. Geode Capital Management LLC’s holdings in Nasdaq were worth $129,771,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NDAQ. Findlay Park Partners LLP grew its holdings in Nasdaq by 70.5% in the fourth quarter. Findlay Park Partners LLP now owns 1,875,000 shares of the financial services provider’s stock valued at $152,944,000 after purchasing an additional 775,000 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Nasdaq by 1.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,022,974 shares of the financial services provider’s stock valued at $1,143,854,000 after purchasing an additional 193,126 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Nasdaq by 3,289.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 189,708 shares of the financial services provider’s stock valued at $15,476,000 after purchasing an additional 184,111 shares during the last quarter. California Public Employees Retirement System grew its holdings in Nasdaq by 33.3% in the fourth quarter. California Public Employees Retirement System now owns 634,307 shares of the financial services provider’s stock valued at $51,740,000 after purchasing an additional 158,483 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Nasdaq by 362.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 159,710 shares of the financial services provider’s stock valued at $13,026,000 after purchasing an additional 125,200 shares during the last quarter. 74.39% of the stock is currently owned by institutional investors.

In other news, EVP Pc Nelson Griggs sold 1,339 shares of the company’s stock in a transaction on Monday, February 25th. The stock was 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 through this link. Also, Director Lars Wedenborn sold 1,946 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $90.36, for a total value of $175,840.56. The disclosure for this sale can be found here. Insiders sold 16,846 shares of company stock worth $1,490,582 over the last 90 days. Company insiders own 0.50% of the company’s stock.

Several research firms have weighed in on NDAQ. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub downgraded Nasdaq from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Argus began coverage on Nasdaq in a research report on Wednesday, February 6th. They issued a “buy” rating and a $97.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Nasdaq presently has a consensus rating of “Hold” and a consensus price target of $97.92.

Shares of NASDAQ:NDAQ opened at $90.03 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.49. Nasdaq Inc has a 52-week low of $75.49 and a 52-week high of $96.84. The firm has a market capitalization of $14.92 billion, a PE ratio of 18.60, a P/E/G ratio of 2.32 and a beta of 0.64.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.05. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. The business had revenue of $638.00 million for the quarter, compared to the consensus estimate of $632.71 million. During the same period in the prior year, the business earned $1.22 earnings per share. The business’s revenue was down 13.2% on a year-over-year basis. On average, equities analysts anticipate that Nasdaq Inc will post 4.91 EPS for the current fiscal 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 given a $0.47 dividend. This is an increase from Nasdaq’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, June 13th. Nasdaq’s dividend payout ratio is currently 36.36%.

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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.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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