Nasdaq, Inc. (NDAQ) Shares Sold by Tudor Investment Corp ET AL
Tudor Investment Corp ET AL cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 95.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,820 shares of the financial services provider’s stock after selling 273,516 shares during the period. Tudor Investment Corp ET AL’s holdings in Nasdaq were worth $845,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Nasdaq by 1.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock worth $1,069,202,000 after buying an additional 146,050 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Nasdaq by 1.8% during the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after buying an additional 208,253 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Nasdaq by 3,831.1% during the first quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock worth $662,992,000 after buying an additional 9,303,493 shares in the last quarter. State Street Corp increased its holdings in shares of Nasdaq by 0.4% during the first quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock worth $367,865,000 after buying an additional 20,813 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Nasdaq by 13.1% during the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after buying an additional 358,414 shares in the last quarter. Institutional investors own 74.63% of the company’s stock.
A number of analysts recently weighed in on the company. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Barclays PLC assumed coverage on Nasdaq in a report on Friday, September 8th. They issued an “overweight” rating and a $85.00 price objective for the company. Royal Bank Of Canada set a $74.00 price objective on Nasdaq and gave the company a “hold” rating in a report on Monday, July 17th. Jefferies Group LLC restated a “hold” rating and issued a $71.00 price objective (up from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Finally, Keefe, Bruyette & Woods set a $76.00 price objective on Nasdaq and gave the company a “hold” rating in a report on Thursday, August 17th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $76.22.
Shares of Nasdaq, Inc. (NDAQ) opened at 77.65 on Friday. The company has a market cap of $12.95 billion, a PE ratio of 59.00 and a beta of 0.77. Nasdaq, Inc. has a 12 month low of $63.30 and a 12 month high of $78.31. The firm’s 50-day moving average is $75.81 and its 200-day moving average is $71.77.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. During the same quarter last year, the company earned $0.91 earnings per share. Nasdaq’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.
In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was 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 is available at the SEC website. Also, insider Edward S. Knight sold 14,629 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $76.74, for a total value of $1,122,629.46. The disclosure for this sale can be found here. In the last three months, insiders sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is owned by corporate insiders.
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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