Flagship Harbor Advisors LLC boosted its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,412 shares of the financial services provider’s stock after acquiring an additional 137 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Nasdaq were worth $561,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NDAQ. Retirement Systems of Alabama raised its position in shares of Nasdaq by 1.5% in the first quarter. Retirement Systems of Alabama now owns 53,918 shares of the financial services provider’s stock valued at $4,717,000 after purchasing an additional 812 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Nasdaq in the first quarter valued at about $311,000. State of Alaska Department of Revenue raised its position in shares of Nasdaq by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 39,745 shares of the financial services provider’s stock valued at $3,475,000 after purchasing an additional 1,762 shares during the period. Farmers Trust Co. bought a new position in shares of Nasdaq in the first quarter valued at about $1,667,000. Finally, CX Institutional raised its position in shares of Nasdaq by 13,552.6% in the first quarter. CX Institutional now owns 10,649 shares of the financial services provider’s stock valued at $932,000 after purchasing an additional 10,571 shares during the period. 76.15% of the stock is currently owned by hedge funds and other institutional investors.
NDAQ stock opened at $89.75 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97. Nasdaq Inc has a 52 week low of $75.49 and a 52 week high of $96.84. The stock has a market capitalization of $14.63 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 2.22 and a beta of 0.63.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.02. Nasdaq had a net margin of 10.71% and a return on equity of 14.53%. The business had revenue of $645.00 million for the quarter, compared to the consensus estimate of $642.95 million. During the same period in the prior year, the company posted $1.05 earnings per share. Nasdaq’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Nasdaq Inc will post 4.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.44 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.76 annualized dividend and a dividend yield of 1.96%. Nasdaq’s dividend payout ratio (DPR) is presently 36.36%.
In related news, EVP Thomas A. Wittman sold 13,561 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $88.04, for a total value of $1,193,910.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bradley J. Peterson sold 6,159 shares of the company’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $85.48, for a total transaction of $526,471.32. Following the completion of the transaction, the insider now owns 39,482 shares in the company, valued at $3,374,921.36. The disclosure for this sale can be found here. Insiders sold 21,059 shares of company stock worth $1,841,213 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on NDAQ shares. BidaskClub lowered shares of Nasdaq from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 27th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, January 11th. Argus started coverage on shares of Nasdaq in a research report on Wednesday, February 6th. They issued a “buy” rating and a $97.00 price objective on the stock. Raymond James dropped their price objective 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, ValuEngine lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $96.43.
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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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