Nasdaq Inc (NASDAQ:NDAQ) Position Decreased by Tealwood Asset Management Inc.
Tealwood Asset Management Inc. decreased its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 3.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 35,553 shares of the financial services provider’s stock after selling 1,451 shares during the period. Nasdaq comprises approximately 1.4% of Tealwood Asset Management Inc.’s portfolio, making the stock its 17th biggest holding. Tealwood Asset Management Inc.’s holdings in Nasdaq were worth $3,419,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of NDAQ. Dimensional Fund Advisors LP boosted its position in Nasdaq by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 979,622 shares of the financial services provider’s stock valued at $79,904,000 after buying an additional 13,779 shares during the period. Geode Capital Management LLC raised its holdings in shares of Nasdaq by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,593,512 shares of the financial services provider’s stock valued at $129,771,000 after purchasing an additional 47,797 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Nasdaq by 1.5% in the 1st 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 in the last quarter. Pennsylvania Trust Co acquired a new stake in shares of Nasdaq in the 1st quarter valued at $24,400,000. Finally, Brinker Capital Inc. raised its holdings in shares of Nasdaq by 0.8% in the 1st quarter. Brinker Capital Inc. now owns 14,535 shares of the financial services provider’s stock valued at $1,272,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 75.63% of the company’s stock.
Several brokerages recently commented on NDAQ. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Wells Fargo & Co lifted their price target on shares of Nasdaq from $97.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Deutsche Bank cut their price target on shares of Nasdaq from $113.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Bank of America reiterated a “neutral” rating and set a $88.00 price target on shares of Nasdaq in a research note on Friday, May 31st. Finally, Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given 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.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $665.00 million for the quarter, compared to analyst estimates of $629.06 million. Nasdaq had a net margin of 12.86% and a return on equity of 14.68%. Nasdaq’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share. As a group, sell-side analysts forecast that Nasdaq Inc will post 4.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.47 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.88 dividend on an annualized basis and a yield of 1.88%. Nasdaq’s dividend payout ratio is presently 38.84%.
In other news, insider Bradley J. Peterson sold 1,550 shares of Nasdaq stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $96.65, for a total value of $149,807.50. Following the sale, the insider now owns 21,408 shares of the company’s stock, valued at $2,069,083.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lars Ottersgard sold 4,861 shares of Nasdaq stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $99.14, for a total transaction of $481,919.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,126 shares of company stock worth $3,760,671. 0.50% of the stock is currently owned by company insiders.
Nasdaq Company Profile
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.
Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq Inc (NASDAQ:NDAQ).
Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.