Calamos Wealth Management LLC held its stake in shares of Nasdaq Inc. (NASDAQ:NDAQ) during the second quarter, Holdings Channel reports. The firm owned 5,529 shares of the company’s stock at the end of the second quarter. Calamos Wealth Management LLC’s holdings in Nasdaq were worth $358,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in Nasdaq by 4.6% in the first quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock valued at $207,000 after buying an additional 137 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Nasdaq during the first quarter valued at approximately $226,000. BKD Wealth Advisors LLC boosted its stake in Nasdaq by 10.8% in the second quarter. BKD Wealth Advisors LLC now owns 4,038 shares of the company’s stock valued at $261,000 after buying an additional 395 shares in the last quarter. Conning Inc. boosted its stake in Nasdaq by 5.2% in the second quarter. Conning Inc. now owns 4,036 shares of the company’s stock valued at $261,000 after buying an additional 200 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Nasdaq during the first quarter valued at approximately $293,000. Institutional investors and hedge funds own 74.20% of the company’s stock.
Shares of Nasdaq Inc. (NASDAQ:NDAQ) traded down 0.42% during mid-day trading on Tuesday, hitting $68.55. The stock had a trading volume of 807,495 shares. The stock’s 50-day moving average price is $70.22 and its 200-day moving average price is $66.56. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 23.74 and a beta of 0.77. Nasdaq Inc. has a 12-month low of $50.98 and a 12-month high of $71.92.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. Nasdaq had a net margin of 13.79% and a return on equity of 10.76%. The firm earned $559 million during the quarter, compared to analysts’ expectations of $548 million. During the same quarter in the previous year, the company posted $0.83 EPS. Nasdaq’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Nasdaq Inc. will post $3.71 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 44.44%.
Several analysts recently commented on NDAQ shares. Deutsche Bank AG raised their target price on Nasdaq from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Barclays PLC set a $79.00 target price on Nasdaq and gave the company a “buy” rating in a research report on Wednesday, September 7th. Evercore ISI cut Nasdaq from a “buy” rating to a “hold” rating and lowered their target price for the company from $69.00 to $68.00 in a research report on Tuesday, July 5th. Jefferies Group raised their target price on Nasdaq from $58.00 to $68.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. Finally, JPMorgan Chase & Co. raised their target price on Nasdaq from $64.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Nasdaq currently has a consensus rating of “Hold” and a consensus target price of $69.67.
In related news, CEO Robert Greifeld sold 18,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $70.66, for a total value of $1,278,946.00. Following the completion of the transaction, the chief executive officer now owns 1,008,635 shares in the company, valued at approximately $71,270,149.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pc Nelson Griggs sold 2,945 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $71.52, for a total transaction of $210,626.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.
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