Aviance Capital Management LLC raised its position in Nasdaq Inc. (NASDAQ:NDAQ) by 13.4% during the second quarter, Holdings Channel reports. The institutional investor owned 20,989 shares of the company’s stock after buying an additional 2,481 shares during the period. Aviance Capital Management LLC’s holdings in Nasdaq were worth $1,357,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of NDAQ. IFP Advisors Inc raised its stake in shares of Nasdaq by 4.6% in the first quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock worth $207,000 after buying an additional 137 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Nasdaq during the first quarter worth $226,000. BKD Wealth Advisors LLC raised its stake in shares of Nasdaq by 10.8% in the second quarter. BKD Wealth Advisors LLC now owns 4,038 shares of the company’s stock worth $261,000 after buying an additional 395 shares in the last quarter. Conning Inc. raised its stake in shares of Nasdaq by 5.2% in the second quarter. Conning Inc. now owns 4,036 shares of the company’s stock worth $261,000 after buying an additional 200 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Nasdaq during the first quarter worth $293,000. Hedge funds and other institutional investors own 74.20% of the company’s stock.
Nasdaq Inc. (NASDAQ:NDAQ) traded down 1.39% on Friday, hitting $69.46. The stock had a trading volume of 1,030,923 shares. The company has a 50-day moving average price of $70.34 and a 200 day moving average price of $66.48. Nasdaq Inc. has a 52-week low of $50.98 and a 52-week high of $71.92. The firm has a market cap of $11.49 billion, a PE ratio of 24.05 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The company had revenue of $559 million for the quarter, compared to the consensus estimate of $548 million. Nasdaq had a return on equity of 10.76% and a net margin of 13.79%. Nasdaq’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. Equities analysts forecast that Nasdaq Inc. will post $3.71 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.28 annualized dividend and a yield of 1.84%. Nasdaq’s payout ratio is currently 44.44%.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group AG reiterated a “buy” rating and issued a $72.00 price objective on shares of Nasdaq in a research report on Monday, August 8th. Deutsche Bank AG lifted their price target on Nasdaq from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Evercore ISI lowered Nasdaq from a “buy” rating to a “hold” rating and dropped their price target for the company from $69.00 to $68.00 in a research report on Tuesday, July 5th. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $70.00 to $74.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Nasdaq has a consensus rating of “Hold” and an average price target of $69.67.
In other Nasdaq news, insider Pc Nelson Griggs sold 2,945 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $71.52, for a total transaction of $210,626.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas A. Wittman sold 24,893 shares of the stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $67.08, for a total value of $1,669,822.44. Following the sale, the executive vice president now directly owns 64,956 shares in the company, valued at approximately $4,357,248.48. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
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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