Quantitative Investment Management LLC Takes Position in Nasdaq Inc (NDAQ)

Quantitative Investment Management LLC bought a new stake in shares of Nasdaq Inc (NASDAQ:NDAQ) during the first quarter, Holdings Channel reports. The firm bought 78,200 shares of the financial services provider’s stock, valued at approximately $5,430,000.

A number of other institutional investors have also bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in Nasdaq by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 3,603 shares of the financial services provider’s stock valued at $250,000 after buying an additional 15 shares during the period. Profund Advisors LLC raised its position in Nasdaq by 2.5% in the first quarter. Profund Advisors LLC now owns 3,775 shares of the financial services provider’s stock valued at $262,000 after buying an additional 91 shares during the period. World Asset Management Inc raised its position in Nasdaq by 1.1% in the third quarter. World Asset Management Inc now owns 11,625 shares of the financial services provider’s stock valued at $785,000 after buying an additional 125 shares during the period. Mn Services Vermogensbeheer B.V. raised its position 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 valued at $201,000 after buying an additional 161 shares during the period. Finally, Advantus Capital Management Inc raised its position in Nasdaq by 1.5% in the third quarter. Advantus Capital Management Inc now owns 11,312 shares of the financial services provider’s stock valued at $764,000 after buying an additional 168 shares during the period. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

Shares of Nasdaq Inc (NASDAQ:NDAQ) traded up 1.05% during midday trading on Friday, hitting $67.44. 937,510 shares of the stock traded hands. Nasdaq Inc has a one year low of $61.19 and a one year high of $72.52. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 78.60 and a beta of 0.89. The firm has a 50-day moving average price of $68.54 and a 200 day moving average price of $68.28.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05. Nasdaq had a net margin of 2.94% and a return on equity of 10.99%. The business had revenue of $583 million during the quarter, compared to the consensus estimate of $593.46 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts anticipate that Nasdaq Inc will post $4.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Wednesday, June 14th. This is an increase from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s dividend payout ratio is currently 206.45%.

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NDAQ has been the topic of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $71.00 price objective on shares of Nasdaq in a report on Thursday, March 30th. Deutsche Bank AG reaffirmed a “buy” rating and set a $77.00 price objective (down previously from $79.00) on shares of Nasdaq in a report on Monday. Evercore ISI reaffirmed an “in-line” rating and set a $74.00 price objective on shares of Nasdaq in a report on Friday, April 28th. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $68.00 price objective on shares of Nasdaq in a report on Monday, April 10th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $73.40.

In related news, Director Lars Wedenborn sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $68.38, for a total transaction of $683,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Nasdaq Company Profile

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.

5 Day Chart for NASDAQ:NDAQ

Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq Inc (NASDAQ:NDAQ).

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