Raymond James & Associates lifted its stake in Nasdaq Inc (NASDAQ:NDAQ) by 101.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,843 shares of the financial services provider’s stock after purchasing an additional 91,926 shares during the quarter. Raymond James & Associates owned 0.11% of Nasdaq worth $16,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of NDAQ. Cornerstone Wealth Management LLC purchased a new position in shares of Nasdaq in the 2nd quarter worth about $122,000. Piedmont Investment Advisors LLC purchased a new position in shares of Nasdaq in the 2nd quarter worth about $125,000. TNB Financial purchased a new position in shares of Nasdaq in the 2nd quarter worth about $201,000. GWM Advisors LLC purchased a new position in shares of Nasdaq in the 2nd quarter worth about $207,000. Finally, Baird Financial Group Inc. purchased a new position in shares of Nasdaq in the 1st quarter worth about $214,000. 75.66% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on NDAQ shares. UBS Group lifted their price objective on Nasdaq from $101.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $90.00 price objective on shares of Nasdaq in a report on Friday, July 13th. Raymond James lifted their price objective on Nasdaq from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, July 10th. BidaskClub downgraded Nasdaq from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 27th. Finally, Compass Point started coverage on Nasdaq in a report on Friday, June 22nd. They issued a “neutral” rating and a $100.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $94.07.
In other Nasdaq news, insider Bradley J. Peterson sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total transaction of $140,010.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.40% of the company’s stock.
NASDAQ NDAQ opened at $90.73 on Monday. The stock has a market capitalization of $15.06 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 1.98 and a beta of 0.65. Nasdaq Inc has a one year low of $71.65 and a one year high of $96.84. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.56.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.01. The business had revenue of $615.00 million during the quarter, compared to the consensus estimate of $620.25 million. Nasdaq had a return on equity of 13.40% and a net margin of 18.13%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 EPS. sell-side analysts expect that Nasdaq Inc will post 4.82 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.94%. Nasdaq’s dividend payout ratio is currently 43.35%.
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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