First National Trust Co. raised its stake in Nasdaq Inc. (NASDAQ:NDAQ) by 6.4% during the second quarter, Holdings Channel reports. The institutional investor owned 12,598 shares of the company’s stock after buying an additional 754 shares during the period. First National Trust Co.’s holdings in Nasdaq were worth $815,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. State Street Corp boosted its stake in shares of Nasdaq by 0.7% in the first quarter. State Street Corp now owns 4,843,763 shares of the company’s stock valued at $321,526,000 after buying an additional 34,705 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Nasdaq by 4.4% in the first quarter. Bessemer Group Inc. now owns 1,425,550 shares of the company’s stock valued at $94,628,000 after buying an additional 59,651 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Nasdaq by 2.5% in the first quarter. Geode Capital Management LLC now owns 1,012,957 shares of the company’s stock valued at $67,112,000 after buying an additional 24,896 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Nasdaq by 6.3% in the second quarter. American Century Companies Inc. now owns 839,232 shares of the company’s stock valued at $54,273,000 after buying an additional 49,626 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Nasdaq by 413.5% in the first quarter. Nuveen Asset Management LLC now owns 594,597 shares of the company’s stock valued at $39,469,000 after buying an additional 478,801 shares in the last quarter. Institutional investors own 74.20% of the company’s stock.
Nasdaq Inc. (NASDAQ:NDAQ) traded down 0.39% during mid-day trading on Tuesday, reaching $66.79. 681,955 shares of the company were exchanged. Nasdaq Inc. has a 1-year low of $52.75 and a 1-year high of $71.92. The stock’s 50-day moving average price is $69.86 and its 200-day moving average price is $66.61. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 23.13 and a beta of 0.81.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $559 million for the quarter, compared to analyst estimates of $548 million. Nasdaq had a return on equity of 10.76% and a net margin of 13.79%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. On average, equities research analysts anticipate that Nasdaq Inc. will post $3.71 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.32 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.92%. Nasdaq’s payout ratio is currently 44.44%.
Several equities research analysts recently weighed in on NDAQ shares. Deutsche Bank AG boosted their price target on shares of Nasdaq from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, July 18th. Barclays PLC reduced their price target on shares of Nasdaq from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of Nasdaq from $64.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Credit Suisse Group AG restated a “buy” rating and issued a $68.00 price target on shares of Nasdaq in a research report on Wednesday, June 29th. Finally, Jefferies Group boosted their price objective on shares of Nasdaq from $58.00 to $68.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. One 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’s stock. Nasdaq has an average rating of “Hold” and an average target price of $69.67.
In other news, CEO Robert Greifeld sold 18,100 shares of Nasdaq stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $70.66, for a total transaction of $1,278,946.00. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 2,945 shares of Nasdaq stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $71.52, for a total value of $210,626.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
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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