Nasdaq, Inc. (NDAQ) Shares Sold by Eagle Boston Investment Management Inc.
Eagle Boston Investment Management Inc. decreased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 16.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 27,809 shares of the financial services provider’s stock after selling 5,425 shares during the period. Eagle Boston Investment Management Inc.’s holdings in Nasdaq were worth $1,988,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of NDAQ. State Board of Administration of Florida Retirement System boosted its position in Nasdaq by 1.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 184,261 shares of the financial services provider’s stock valued at $12,797,000 after buying an additional 3,029 shares in the last quarter. State Treasurer State of Michigan boosted its position in Nasdaq by 1.3% in the first quarter. State Treasurer State of Michigan now owns 37,811 shares of the financial services provider’s stock valued at $2,626,000 after buying an additional 500 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Nasdaq by 4.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,456 shares of the financial services provider’s stock valued at $1,282,000 after buying an additional 711 shares in the last quarter. Advisory Services Network LLC acquired a new position in Nasdaq during the first quarter valued at $189,000. Finally, Wells Fargo & Company MN boosted its position in Nasdaq by 1.3% in the first quarter. Wells Fargo & Company MN now owns 390,625 shares of the financial services provider’s stock valued at $27,129,000 after buying an additional 4,898 shares in the last quarter. 74.31% of the stock is owned by institutional investors and hedge funds.
Nasdaq, Inc. (NDAQ) opened at 75.37 on Friday. The firm has a 50-day moving average price of $74.67 and a 200 day moving average price of $70.98. The firm has a market cap of $12.57 billion, a PE ratio of 57.27 and a beta of 0.77. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $77.75.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The firm had revenue of $602 million during 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 business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. Equities research analysts forecast that Nasdaq, Inc. will post $4.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.02%. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
Several research firms recently weighed in on NDAQ. Keefe, Bruyette & Woods set a $76.00 price objective on Nasdaq and gave the stock a “hold” rating in a research report on Thursday, August 17th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. UBS AG reissued a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. Royal Bank Of Canada reissued a “sector perform” rating and set a $76.00 price objective (up previously from $74.00) on shares of Nasdaq in a research report on Thursday, July 27th. Finally, Citigroup Inc. began coverage on Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price objective for the company. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Nasdaq has a consensus rating of “Hold” and an average price target of $75.30.
In other news, insider Ann M. Dennison sold 1,170 shares of Nasdaq stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction that occurred 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 completion of the sale, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold 36,844 shares of company stock valued at $2,788,100 over the last 90 days. Company insiders own 1.60% of the company’s stock.
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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