Wedbush Securities Inc. lowered its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 62.6% in the 3rd quarter, Holdings Channel reports. The fund owned 7,157 shares of the financial services provider’s stock after selling 11,983 shares during the period. Wedbush Securities Inc.’s holdings in Nasdaq were worth $614,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. First Hawaiian Bank acquired a new stake in shares of Nasdaq during the third quarter worth $101,000. Legacy Advisors LLC acquired a new stake in shares of Nasdaq during the third quarter worth $116,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Nasdaq during the second quarter worth $125,000. Ancora Advisors LLC acquired a new stake in shares of Nasdaq during the third quarter worth $130,000. Finally, Synovus Financial Corp increased its position in shares of Nasdaq by 5,285.7% during the third quarter. Synovus Financial Corp now owns 1,885 shares of the financial services provider’s stock worth $162,000 after buying an additional 1,850 shares during the period. 75.53% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:NDAQ opened at $87.36 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $14.74 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.97 and a beta of 0.50. Nasdaq Inc has a 12 month low of $72.98 and a 12 month high of $96.84.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. The business had revenue of $600.00 million during the quarter, compared to analysts’ expectations of $605.67 million. Nasdaq had a net margin of 17.95% and a return on equity of 13.69%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $1.01 earnings per share. As a group, research analysts anticipate that Nasdaq Inc will post 4.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Thursday, December 13th. Nasdaq’s payout ratio is 43.35%.

Several research firms have recently weighed in on NDAQ. Rosenblatt Securities began coverage on shares of Nasdaq in a research report on Wednesday, September 5th. They set a “neutral” rating and a $99.00 price objective for the company. Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Citigroup increased their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, December 3rd. BidaskClub cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Finally, Atlantic Securities began coverage on shares of Nasdaq in a research report on Wednesday, November 28th. They set an “overweight” rating and a $105.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $96.79.

In other Nasdaq news, Director Lars Wedenborn sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total value of $224,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ann M. Dennison sold 1,553 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $83.67, for a total transaction of $129,939.51. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

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Nasdaq Company Profile

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.

See Also: Fundamental Analysis

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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