Eagle Asset Management Inc. trimmed its position in Nasdaq Inc (NASDAQ:NDAQ) by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,023 shares of the financial services provider’s stock after selling 21,807 shares during the quarter. Eagle Asset Management Inc.’s holdings in Nasdaq were worth $5,149,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Delta Asset Management LLC TN increased its holdings in shares of Nasdaq by 6,087.0% in the 4th quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 1,400 shares during the last quarter. Invictus RG bought a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $111,000. Cerebellum GP LLC bought a new stake in shares of Nasdaq in the 4th quarter valued at approximately $125,000. Penserra Capital Management LLC increased its holdings in shares of Nasdaq by 85.5% in the 4th quarter. Penserra Capital Management LLC now owns 2,220 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Conning Inc. bought a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $200,000. Institutional investors and hedge funds own 76.68% of the company’s stock.
Nasdaq Inc (NASDAQ NDAQ) opened at $80.48 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.05. Nasdaq Inc has a 12-month low of $65.98 and a 12-month high of $83.29. The stock has a market capitalization of $12,998.90, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.68 and a beta of 0.71.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.05. Nasdaq had a return on equity of 12.75% and a net margin of 18.49%. The company had revenue of $635.00 million during the quarter, compared to analyst estimates of $628.36 million. During the same quarter in the previous year, the firm posted $0.95 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. sell-side analysts expect that Nasdaq Inc will post 4.8 earnings per share for the current fiscal year.
Nasdaq declared that its Board of Directors has initiated a share buyback program on Monday, January 29th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. Nasdaq’s dividend payout ratio (DPR) is presently 35.19%.
In other Nasdaq news, insider Edward S. Knight sold 13,200 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $79.41, for a total transaction of $1,048,212.00. Following the completion of the transaction, the insider now owns 73,569 shares in the company, valued at approximately $5,842,114.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradley J. Peterson sold 19,169 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $80.70, for a total value of $1,546,938.30. Following the transaction, the insider now owns 32,214 shares of the company’s stock, valued at approximately $2,599,669.80. The disclosure for this sale can be found here. Insiders have sold a total of 42,837 shares of company stock valued at $3,442,932 in the last quarter. 1.60% of the stock is currently owned by insiders.
A number of research analysts recently commented on the company. Bank of America upped their price objective on Nasdaq from $79.00 to $82.00 and gave the stock an “underperform” rating in a research note on Thursday, February 1st. Zacks Investment Research downgraded Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Jefferies Group restated a “hold” rating and set a $83.50 price objective on shares of Nasdaq in a research note on Tuesday, January 16th. Finally, Wells Fargo & Co upgraded Nasdaq from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $83.00 to $85.00 in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $82.05.
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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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