Nissay Asset Management Corp Japan ADV boosted its holdings in Nasdaq Inc (NASDAQ:NDAQ) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,461 shares of the financial services provider’s stock after purchasing an additional 380 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Nasdaq were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC grew its holdings in shares of Nasdaq by 2.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 6,412 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 137 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Nasdaq by 5.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 8,599 shares of the financial services provider’s stock valued at $701,000 after purchasing an additional 412 shares during the last quarter. PFG Advisors bought a new stake in shares of Nasdaq during the 4th quarter valued at approximately $381,000. ARP Americas LP bought a new stake in shares of Nasdaq during the 4th quarter valued at approximately $359,000. Finally, Brinker Capital Inc. grew its holdings in Nasdaq by 0.8% during the 1st quarter. Brinker Capital Inc. now owns 14,535 shares of the financial services provider’s stock worth $1,272,000 after acquiring an additional 117 shares during the last quarter. 75.65% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Pc Nelson Griggs sold 1,339 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $90.24, for a total value of $120,831.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lars Wedenborn sold 1,946 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $90.36, for a total transaction of $175,840.56. The disclosure for this sale can be found here. Insiders have sold a total of 16,846 shares of company stock valued at $1,490,582 in the last 90 days. 0.50% of the stock is currently owned by company insiders.
Nasdaq stock opened at $90.30 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.84 and a current ratio of 0.84. Nasdaq Inc has a 12-month low of $75.49 and a 12-month high of $96.84. The firm has a market cap of $14.96 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.30 and a beta of 0.64.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.05. Nasdaq had a net margin of 12.67% and a return on equity of 14.60%. The company had revenue of $638.00 million for the quarter, compared to the consensus estimate of $632.71 million. During the same quarter in the previous year, the company earned $1.22 EPS. Nasdaq’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, equities research analysts expect that Nasdaq Inc will post 4.91 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, June 13th. This is an increase from Nasdaq’s previous quarterly dividend of $0.44. Nasdaq’s payout ratio is presently 36.36%.
NDAQ has been the topic of a number of research reports. BidaskClub raised shares of Nasdaq from a “buy” rating to a “strong-buy” rating in a report on Friday, January 25th. Argus assumed coverage on shares of Nasdaq in a report on Wednesday, February 6th. They set a “buy” rating and a $97.00 target price on the stock. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday. Raymond James dropped their price target on shares of Nasdaq from $97.00 to $96.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 5th. Finally, UBS Group boosted their price target on shares of Nasdaq from $100.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Nasdaq presently has an average rating of “Buy” and a consensus price target of $97.92.
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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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