Texas Permanent School Fund Has $2.29 Million Position in Nasdaq, Inc. (NDAQ)
Texas Permanent School Fund decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 32,024 shares of the financial services provider’s stock after selling 1,594 shares during the period. Texas Permanent School Fund’s holdings in Nasdaq were worth $2,289,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. Tompkins Financial Corp acquired a new stake in Nasdaq during the first quarter worth approximately $143,000. Pacer Advisors Inc. boosted its stake in Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares during the period. Advisory Services Network LLC acquired a new stake in Nasdaq during the first quarter worth approximately $189,000. Ameritas Investment Partners Inc. acquired a new stake in Nasdaq during the first quarter worth approximately $190,000. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock worth $201,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 75.59% of the company’s stock.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) opened at 75.92 on Friday. The company has a 50-day moving average price of $72.64 and a 200 day moving average price of $70.24. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $76.79. The firm has a market capitalization of $12.66 billion, a PE ratio of 57.69 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the 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 million for the quarter, compared to analyst estimates of $596.55 million. During the same period in the prior year, the business posted $0.91 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Nasdaq, Inc. will post $4.18 earnings per share for the current year.
The business also recently announced 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 is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 2.00%. Nasdaq’s payout ratio is currently 118.75%.
A number of equities research analysts have recently commented on NDAQ shares. Deutsche Bank AG dropped their target price on Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. UBS Group AG restated a “buy” rating and set a $81.00 target price (down from $85.00) on shares of Nasdaq in a research report on Friday, April 28th. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $70.00 target price on Nasdaq and gave the company a “hold” rating in a research report on Friday, April 21st. Finally, Jefferies Group LLC restated a “hold” rating and set a $71.00 target price (up from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $75.22.
In other Nasdaq news, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 78,063 shares in the company, valued at $5,807,106.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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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