Nomura Holdings Inc. raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 177.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,874 shares of the financial services provider’s stock after purchasing an additional 9,510 shares during the quarter. Nomura Holdings Inc.’s holdings in Nasdaq were worth $1,063,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Nasdaq by 1.8% in the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after acquiring an additional 208,253 shares during the period. Clearbridge Investments LLC increased its stake in shares of Nasdaq by 13.1% in the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after acquiring an additional 358,414 shares during the period. Bessemer Group Inc. grew its position in Nasdaq by 43.5% during the second quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock valued at $166,749,000 after buying an additional 707,537 shares during the period. BT Investment Management Ltd acquired a new stake in Nasdaq during the second quarter valued at $97,982,000. Finally, TimesSquare Capital Management LLC grew its position in Nasdaq by 21.9% during the second quarter. TimesSquare Capital Management LLC now owns 1,203,500 shares of the financial services provider’s stock valued at $86,038,000 after buying an additional 216,100 shares during the period. Institutional investors and hedge funds own 74.48% of the company’s stock.
In related news, insider Edward S. Knight sold 14,629 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $76.74, for a total value of $1,122,629.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. Insiders sold 21,844 shares of company stock valued at $1,672,250 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.
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NDAQ has been the topic of several analyst reports. UBS AG restated a “buy” rating and set a $85.00 price target (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Royal Bank Of Canada reissued a “hold” rating and issued a $76.00 price target on shares of Nasdaq in a research note on Monday, September 11th. Keefe, Bruyette & Woods set a $76.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $77.40.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) traded down 0.3734% during mid-day trading on Friday, hitting $72.0201. 57,062 shares of the stock traded hands. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $78.31. The stock has a market cap of $12.01 billion, a PE ratio of 54.7265 and a beta of 0.77. The stock has a 50-day moving average of $75.26 and a 200 day moving average of $72.26.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. The business had revenue of $607.00 million for the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Equities analysts predict that Nasdaq, Inc. will post $4.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.38 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.10%. Nasdaq’s dividend payout ratio is presently 100.00%.
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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