Alliancebernstein L.P. lowered its stake in shares of Nasdaq Inc (NASDAQ:NDAQ) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 192,932 shares of the financial services provider’s stock after selling 725 shares during the quarter. Alliancebernstein L.P. owned approximately 0.12% of Nasdaq worth $16,554,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. First Hawaiian Bank purchased a new stake in Nasdaq during the third quarter valued at about $101,000. Legacy Advisors LLC purchased a new stake in Nasdaq during the third quarter valued at about $116,000. Cornerstone Wealth Management LLC purchased a new stake in Nasdaq during the second quarter valued at about $122,000. Piedmont Investment Advisors LLC purchased a new stake in Nasdaq during the second quarter valued at about $125,000. Finally, Synovus Financial Corp lifted its holdings in Nasdaq by 5,285.7% during the third quarter. Synovus Financial Corp now owns 1,885 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 1,850 shares during the last quarter. Institutional investors own 75.53% of the company’s stock.
NDAQ has been the topic of several recent research reports. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Tuesday, September 25th. Citigroup dropped their price objective on shares of Nasdaq from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Thursday, October 11th. BidaskClub downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Deutsche Bank dropped their price objective on shares of Nasdaq from $103.00 to $97.00 and set a “buy” rating on the stock in a report on Thursday, October 11th. Finally, ValuEngine downgraded shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $96.79.
Shares of Nasdaq stock opened at $90.40 on Thursday. Nasdaq Inc has a 12-month low of $72.98 and a 12-month high of $96.84. The stock has a market capitalization of $14.97 billion, a PE ratio of 22.27, a PEG ratio of 2.03 and a beta of 0.50. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. Nasdaq had a net margin of 17.95% and a return on equity of 13.69%. The firm had revenue of $600.00 million for the quarter, compared to the consensus estimate of $605.67 million. During the same period in the prior year, the firm posted $1.01 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts anticipate that Nasdaq Inc will post 4.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, December 13th. Nasdaq’s payout ratio is 43.35%.
In other news, insider Ann M. Dennison sold 1,553 shares of the stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $83.67, for a total value of $129,939.51. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lars Wedenborn sold 2,500 shares of the stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $89.94, for a total transaction of $224,850.00. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
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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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