Beaton Management Co. Inc. Invests $202,000 in Nasdaq, Inc. (NDAQ)
Beaton Management Co. Inc. bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,600 shares of the financial services provider’s stock, valued at approximately $202,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. BT Investment Management Ltd acquired a new position in Nasdaq in the second quarter worth about $97,982,000. Bessemer Group Inc. raised its position in Nasdaq by 43.5% in the second quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock worth $166,749,000 after purchasing an additional 707,537 shares in the last quarter. Sterling Capital Management LLC acquired a new position in Nasdaq in the second quarter worth about $40,996,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Nasdaq by 3,606.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 569,103 shares of the financial services provider’s stock worth $40,685,000 after buying an additional 553,747 shares in the last quarter. Finally, Ardevora Asset Management LLP acquired a new stake in shares of Nasdaq during the third quarter worth approximately $35,504,000. Institutional investors and hedge funds own 75.82% of the company’s stock.
Nasdaq, Inc. (NASDAQ NDAQ) traded down $0.07 on Thursday, hitting $77.17. 746,600 shares of the stock traded hands, compared to its average volume of 886,179. Nasdaq, Inc. has a twelve month low of $63.36 and a twelve month high of $78.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $12,870.00, a PE ratio of 18.70, a P/E/G ratio of 2.16 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The firm had revenue of $607.00 million for the quarter, compared to analysts’ expectations of $599.84 million. During the same period last year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. sell-side analysts anticipate that Nasdaq, Inc. will post 4.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.97%. Nasdaq’s payout ratio is presently 100.66%.
Several analysts have recently weighed in on NDAQ shares. Keefe, Bruyette & Woods set a $76.00 price objective on shares of Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. Barclays PLC started coverage on shares of Nasdaq in a report on Friday, September 8th. They set an “overweight” rating and a $85.00 price objective for the company. Bank of America Corporation lowered shares of Nasdaq from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $77.00 to $75.00 in a report on Monday, October 9th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $76.00 price objective on shares of Nasdaq in a report on Monday, September 11th. Finally, UBS Group AG reaffirmed a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $78.22.
In other news, EVP Pc Nelson Griggs sold 2,064 shares of Nasdaq stock in a transaction on Monday, November 20th. The shares were sold at an average price of $76.58, for a total transaction of $158,061.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by company insiders.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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