Dynamic Technology Lab Private Ltd acquired a new stake in Nasdaq Inc (NASDAQ:NDAQ) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,426 shares of the financial services provider’s stock, valued at approximately $2,096,000.
Other large investors have also recently made changes to their positions in the company. CIBC Asset Management Inc increased its position in shares of Nasdaq by 4.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,547 shares of the financial services provider’s stock valued at $1,145,000 after purchasing an additional 553 shares during the last quarter. Ibex Wealth Advisors boosted its holdings in shares of Nasdaq by 6.0% in the 3rd quarter. Ibex Wealth Advisors now owns 32,700 shares of the financial services provider’s stock valued at $2,849,000 after buying an additional 1,856 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Nasdaq by 98.6% in the 2nd quarter. Janus Henderson Group PLC now owns 612,338 shares of the financial services provider’s stock valued at $55,888,000 after buying an additional 304,083 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Nasdaq by 31.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,572 shares of the financial services provider’s stock valued at $782,000 after buying an additional 2,035 shares in the last quarter. Finally, Korea Investment CORP acquired a new position in shares of Nasdaq in the 2nd quarter valued at $4,159,000. 75.53% of the stock is currently owned by institutional investors.
In related news, insider Ann M. Dennison sold 1,553 shares of the stock in a transaction on Monday, October 29th. The shares were sold at an average price of $83.67, for a total transaction of $129,939.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lars Wedenborn sold 2,500 shares of the stock in a transaction on 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. 0.40% of the stock is owned by corporate insiders.
NDAQ has been the subject of several research analyst reports. Rosenblatt Securities initiated coverage on shares of Nasdaq in a report on Wednesday, September 5th. They issued a “neutral” rating and a $99.00 target price for the company. Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. BidaskClub cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. ValuEngine cut shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Finally, Deutsche Bank lowered their target price on shares of Nasdaq from $103.00 to $97.00 and set a “buy” rating for the company in a report on Thursday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Nasdaq presently has an average rating of “Hold” and an average price target of $96.79.
Shares of NASDAQ:NDAQ opened at $89.89 on Friday. The firm has a market cap of $14.82 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.55. Nasdaq Inc has a 1-year low of $72.98 and a 1-year high of $96.84.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.01. The firm had revenue of $600.00 million during the quarter, compared to analysts’ expectations of $605.67 million. Nasdaq had a net margin of 17.95% and a return on equity of 13.69%. Nasdaq’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. As a group, research analysts expect that Nasdaq Inc will post 4.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, December 13th. Nasdaq’s dividend payout ratio is currently 43.35%.
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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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