Nasdaq Inc (NDAQ) Holdings Raised by Stanley Laman Group Ltd.
Stanley Laman Group Ltd. boosted its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,064 shares of the financial services provider’s stock after acquiring an additional 215 shares during the period. Stanley Laman Group Ltd.’s holdings in Nasdaq were worth $984,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Comerica Bank raised its stake in Nasdaq by 0.4% during the 4th quarter. Comerica Bank now owns 39,909 shares of the financial services provider’s stock worth $3,425,000 after acquiring an additional 162 shares during the period. Canada Pension Plan Investment Board grew its holdings in Nasdaq by 362.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 159,710 shares of the financial services provider’s stock valued at $13,026,000 after buying an additional 125,200 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in Nasdaq by 5.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 220,971 shares of the financial services provider’s stock valued at $18,025,000 after buying an additional 12,105 shares in the last quarter. Cognios Capital LLC grew its holdings in Nasdaq by 34.4% during the 4th quarter. Cognios Capital LLC now owns 24,129 shares of the financial services provider’s stock valued at $1,968,000 after buying an additional 6,174 shares in the last quarter. Finally, Enlightenment Research LLC purchased a new stake in Nasdaq during the 4th quarter valued at approximately $106,000. Institutional investors own 75.64% of the company’s stock.
In related news, insider Bradley J. Peterson sold 6,159 shares of the firm’s stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $85.48, for a total value of $526,471.32. Following the completion of the transaction, the insider now directly owns 39,482 shares of the company’s stock, valued at $3,374,921.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lars Wedenborn sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total transaction of $224,850.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,500 shares of company stock valued at $1,218,368. 0.40% of the stock is currently owned by insiders.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 30th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.02. Nasdaq had a net margin of 10.71% and a return on equity of 14.53%. The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $642.95 million. During the same period last year, the firm posted $1.05 earnings per share. Nasdaq’s revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts predict that Nasdaq Inc will post 5.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 36.36%.
A number of brokerages have issued reports on NDAQ. Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Monday, December 31st. Citigroup cut their price objective on shares of Nasdaq from $93.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. ValuEngine lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Finally, Atlantic Securities began coverage on shares of Nasdaq in a report on Wednesday, November 28th. They set an “overweight” rating and a $105.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $95.80.
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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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