Stanley Laman Group Ltd. raised its position in Nasdaq Inc (NASDAQ:NDAQ) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,124 shares of the financial services provider’s stock after acquiring an additional 482 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Nasdaq were worth $1,262,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. acquired a new position in Nasdaq in the 1st quarter valued at about $66,000. Dupont Capital Management Corp acquired a new position in Nasdaq in the 1st quarter valued at about $96,000. Lenox Wealth Management Inc. grew its position in Nasdaq by 1,562.9% in the 1st quarter. Lenox Wealth Management Inc. now owns 1,164 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 1,094 shares in the last quarter. NuWave Investment Management LLC grew its position in Nasdaq by 301.3% in the 2nd quarter. NuWave Investment Management LLC now owns 1,224 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 919 shares in the last quarter. Finally, Bremer Bank National Association acquired a new position in Nasdaq in the 1st quarter valued at about $119,000. 75.67% of the stock is owned by institutional investors.
Shares of NDAQ traded down $0.22 during midday trading on Wednesday, hitting $96.36. The company had a trading volume of 143,048 shares, compared to its average volume of 759,727. The company has a 50-day moving average price of $99.40. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.92 and a beta of 0.66. Nasdaq Inc has a 1 year low of $75.49 and a 1 year high of $104.69.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $629.06 million. Nasdaq had a return on equity of 14.68% and a net margin of 12.86%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. On average, analysts anticipate that Nasdaq Inc will post 4.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, September 12th. Nasdaq’s payout ratio is presently 38.84%.
Several equities analysts have weighed in on NDAQ shares. Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Deutsche Bank dropped their target price on Nasdaq from $113.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Citigroup downgraded Nasdaq from a “neutral” rating to a “sell” rating and lifted their target price for the company from $93.00 to $95.00 in a research report on Monday, July 22nd. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Finally, Raymond James lifted their target price on Nasdaq from $96.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $102.00.
In other news, Director Lars Wedenborn sold 1,946 shares of Nasdaq stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $90.36, for a total value of $175,840.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ann M. Dennison sold 5,496 shares of Nasdaq stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $96.55, for a total value of $530,638.80. The disclosure for this sale can be found here. Insiders sold a total of 37,211 shares of company stock valued at $3,454,592 in the last quarter. Company insiders own 0.50% of the company’s stock.
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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