Eagle Asset Management Inc. reduced its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 49.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,751 shares of the financial services provider’s stock after selling 32,535 shares during the quarter. Eagle Asset Management Inc.’s holdings in Nasdaq were worth $3,080,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC bought a new stake in shares of Nasdaq during the 2nd quarter valued at about $122,000. Piedmont Investment Advisors LLC bought a new stake in shares of Nasdaq during the 2nd quarter valued at about $125,000. TNB Financial bought a new stake in shares of Nasdaq during the 2nd quarter valued at about $201,000. First Long Island Investors LLC bought a new stake in shares of Nasdaq during the 1st quarter valued at about $205,000. Finally, GWM Advisors LLC bought a new stake in shares of Nasdaq during the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 76.59% of the company’s stock.

NDAQ stock opened at $94.73 on Friday. Nasdaq Inc has a twelve month low of $71.65 and a twelve month high of $96.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $15.22 billion, a PE ratio of 23.00, a P/E/G ratio of 2.00 and a beta of 0.71.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.01. Nasdaq had a return on equity of 13.40% and a net margin of 18.13%. The company had revenue of $615.00 million for the quarter, compared to analysts’ expectations of $620.25 million. During the same period in the previous year, the firm earned $1.02 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. equities analysts forecast that Nasdaq Inc will post 4.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.44 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.86%. Nasdaq’s dividend payout ratio is presently 43.35%.

In related news, insider Bradley J. Peterson sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total value of $140,010.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by insiders.

A number of research analysts have recently weighed in on NDAQ shares. Zacks Investment Research raised Nasdaq from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Tuesday, June 12th. Citigroup lifted their price objective on Nasdaq from $89.00 to $95.00 and gave the company a “$95.59” rating in a research report on Wednesday, July 18th. Compass Point started coverage on Nasdaq in a research report on Friday, June 22nd. They set a “neutral” rating and a $100.00 price objective on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $104.00 price objective on shares of Nasdaq in a research report on Friday, June 22nd. Finally, UBS Group lifted their price objective on Nasdaq from $101.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $93.71.

About Nasdaq

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.

See Also: Outstanding Shares

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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