CSat Investment Advisory L.P. trimmed its holdings in Nasdaq Inc (NASDAQ:NDAQ) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,663 shares of the financial services provider’s stock after selling 273 shares during the period. CSat Investment Advisory L.P.’s holdings in Nasdaq were worth $1,122,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of NDAQ. Pittenger & Anderson Inc. acquired a new stake in Nasdaq in the 1st quarter worth about $66,000. Benjamin Edwards Inc. lifted its stake in shares of Nasdaq by 28.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 197 shares in the last quarter. NuWave Investment Management LLC lifted its stake in shares of Nasdaq by 301.3% in the 2nd quarter. NuWave Investment Management LLC now owns 1,224 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 919 shares in the last quarter. Bremer Bank National Association acquired a new position in shares of Nasdaq in the 1st quarter valued at about $119,000. Finally, Rampart Investment Management Company LLC lifted its stake in shares of Nasdaq by 42.4% in the 2nd quarter. Rampart Investment Management Company LLC now owns 1,487 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 443 shares in the last quarter. 76.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:NDAQ traded down $1.00 during mid-day trading on Friday, hitting $100.68. 485,042 shares of the company traded hands, compared to its average volume of 539,388. The firm has a market cap of $16.90 billion, a P/E ratio of 20.80, a PEG ratio of 2.94 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.96. Nasdaq Inc has a 52-week low of $75.49 and a 52-week high of $105.26. The firm’s 50 day simple moving average is $99.08 and its 200 day simple moving average is $94.16.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.88 annualized dividend and a dividend yield of 1.87%. Nasdaq’s payout ratio is currently 38.84%.
In other Nasdaq news, insider Lars Ottersgard sold 4,861 shares of Nasdaq stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $99.14, for a total transaction of $481,919.54. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ann M. Dennison sold 5,496 shares of Nasdaq stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $96.55, for a total value of $530,638.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,801 shares of company stock worth $1,158,532. Company insiders own 0.50% of the company’s stock.
Several research firms have recently weighed in on NDAQ. Bank of America reaffirmed a “neutral” rating and issued a $88.00 price objective on shares of Nasdaq in a research note on Friday, May 31st. UBS Group lifted their price objective on Nasdaq from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Deutsche Bank reduced their price objective on Nasdaq from $113.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, ValuEngine lowered Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $103.30.
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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