Parametric Portfolio Associates LLC Has $13.10 Million Holdings in Nasdaq, Inc. (NDAQ)
Parametric Portfolio Associates LLC raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 13.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 183,210 shares of the financial services provider’s stock after purchasing an additional 21,921 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.11% of Nasdaq worth $13,098,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Advisor Partners LLC acquired a new position in Nasdaq during the 2nd quarter valued at about $214,000. Nikko Asset Management Americas Inc. boosted its stake in Nasdaq by 1,325.8% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock valued at $9,072,000 after purchasing an additional 118,000 shares during the last quarter. Commerce Bank boosted its stake in Nasdaq by 1.9% during the 2nd quarter. Commerce Bank now owns 283,835 shares of the financial services provider’s stock valued at $20,292,000 after purchasing an additional 5,401 shares during the last quarter. Summit Securities Group LLC acquired a new position in Nasdaq during the 2nd quarter valued at about $645,000. Finally, GAM Holding AG boosted its stake in Nasdaq by 0.7% during the 2nd quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock valued at $2,056,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.
A number of brokerages have recently weighed in on NDAQ. Zacks Investment Research downgraded Nasdaq from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub downgraded Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “sector perform” rating and issued a $76.00 target price (up previously from $74.00) on shares of Nasdaq in a research note on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and issued a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Finally, Bank of America Corporation downgraded Nasdaq from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $77.00 to $75.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Nasdaq presently has an average rating of “Hold” and an average target price of $76.10.
In related news, insider Bjorn Sibbern sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total value of $228,510.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was 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 in the company, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. Insiders sold 36,844 shares of company stock worth $2,788,100 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.
Shares of Nasdaq, Inc. (NDAQ) opened at 74.50 on Tuesday. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $78.31. The company has a market cap of $12.43 billion, a PE ratio of 56.61 and a beta of 0.77. The company has a 50 day moving average of $75.73 and a 200-day moving average of $71.85.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results 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. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The company had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter last year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Nasdaq, Inc. will post $4.17 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.
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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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