Dai Ichi Life Insurance Company Ltd Holds Stake in Nasdaq, Inc. (NDAQ)
Dai Ichi Life Insurance Company Ltd maintained its position in Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,034 shares of the financial services provider’s stock at the close of the 2nd quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Nasdaq were worth $1,075,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of NDAQ. Pacer Advisors Inc. raised its holdings in Nasdaq by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 77 shares during the period. Ameritas Investment Partners Inc. bought a new stake in Nasdaq during the 1st quarter valued at $190,000. IFP Advisors Inc raised its holdings in Nasdaq by 9.4% during the 2nd quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 243 shares during the period. Private Advisor Group LLC bought a new stake in Nasdaq during the 1st quarter valued at $204,000. Finally, Advisor Partners LLC bought a new stake in Nasdaq during the 2nd quarter valued at $214,000. 74.31% of the stock is currently owned by institutional investors.
NDAQ has been the topic of a number of analyst reports. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Keefe, Bruyette & Woods set a $76.00 target price on shares of Nasdaq and gave the company a “hold” rating in a report on Thursday, August 17th. Citigroup Inc. initiated coverage on shares of Nasdaq in a report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 target price on the stock. Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Royal Bank Of Canada set a $74.00 target price on shares of Nasdaq and gave the company a “hold” rating in a report on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $76.10.
Nasdaq, Inc. (NDAQ) opened at 74.75 on Friday. The stock’s 50 day moving average is $75.24 and its 200-day moving average is $71.18. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 56.80 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The firm had revenue of $602.00 million for the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. Equities research analysts anticipate that Nasdaq, Inc. will post $4.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. Nasdaq’s payout ratio is 118.75%.
In other news, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now owns 78,063 shares in the company, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold a total of 36,844 shares of company stock worth $2,788,100 over the last 90 days. Insiders own 1.60% of the company’s stock.
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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