Nasdaq Inc (NDAQ) Shares Sold by WINTON GROUP Ltd
WINTON GROUP Ltd decreased its position in Nasdaq Inc (NASDAQ:NDAQ) by 12.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,115 shares of the financial services provider’s stock after selling 1,944 shares during the period. WINTON GROUP Ltd’s holdings in Nasdaq were worth $1,197,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in NDAQ. Cornerstone Wealth Management LLC acquired a new stake in shares of Nasdaq in the second quarter valued at $122,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Nasdaq in the second quarter valued at $125,000. TNB Financial acquired a new stake in shares of Nasdaq in the second quarter valued at $201,000. GWM Advisors LLC purchased a new stake in shares of Nasdaq during the second quarter valued at $207,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of Nasdaq during the first quarter valued at $214,000. Institutional investors and hedge funds own 75.62% of the company’s stock.
NDAQ has been the subject of several analyst reports. Citigroup upped their target price on Nasdaq from $89.00 to $95.00 and gave the company a “$95.59” rating in a report on Wednesday, July 18th. Wells Fargo & Co reaffirmed a “buy” rating and set a $104.00 target price on shares of Nasdaq in a report on Friday, June 22nd. Zacks Investment Research raised Nasdaq from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a report on Tuesday, June 12th. BidaskClub downgraded Nasdaq from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 27th. Finally, UBS Group upped their target price on Nasdaq from $101.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $93.67.
Shares of NASDAQ NDAQ opened at $85.92 on Thursday. The firm has a market cap of $14.42 billion, a PE ratio of 19.35, a P/E/G ratio of 1.90 and a beta of 0.65. Nasdaq Inc has a 12 month low of $71.65 and a 12 month high of $96.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.93 and a quick ratio of 0.93.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.01. The firm had revenue of $615.00 million for the quarter, compared to analyst estimates of $620.25 million. Nasdaq had a return on equity of 13.40% and a net margin of 18.13%. Nasdaq’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 earnings per share. research analysts anticipate 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 given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 13th. Nasdaq’s payout ratio is 43.35%.
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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