Nasdaq Inc. (NDAQ) Stake Held by Kornitzer Capital Management Inc. KS
Kornitzer Capital Management Inc. KS held its position in shares of Nasdaq Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 255,508 shares of the company’s stock at the end of the second quarter. Kornitzer Capital Management Inc. KS’s holdings in Nasdaq were worth $16,524,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BB&T Securities LLC purchased a new stake in Nasdaq during the first quarter worth about $402,000. OMERS ADMINISTRATION Corp purchased a new stake in Nasdaq during the first quarter worth about $226,000. Canada Pension Plan Investment Board raised its stake in Nasdaq by 19.9% in the first quarter. Canada Pension Plan Investment Board now owns 163,268 shares of the company’s stock worth $10,838,000 after buying an additional 27,100 shares in the last quarter. Credit Agricole S A raised its stake in Nasdaq by 540.1% in the first quarter. Credit Agricole S A now owns 242,439 shares of the company’s stock worth $16,093,000 after buying an additional 204,566 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in Nasdaq by 60.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,555 shares of the company’s stock worth $435,000 after buying an additional 2,480 shares in the last quarter. Institutional investors and hedge funds own 74.21% of the company’s stock.
Shares of Nasdaq Inc. (NASDAQ:NDAQ) traded up 0.60% during midday trading on Friday, hitting $67.24. 596,728 shares of the company were exchanged. The firm has a market cap of $11.13 billion, a P/E ratio of 23.28 and a beta of 0.81. Nasdaq Inc. has a one year low of $54.54 and a one year high of $71.92. The company’s 50 day moving average price is $69.06 and its 200 day moving average price is $66.68.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Nasdaq had a return on equity of 10.76% and a net margin of 13.79%. The company earned $559 million during the quarter, compared to analyst estimates of $548 million. During the same period in the previous year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts expect that Nasdaq Inc. will post $3.71 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.92%. Nasdaq’s dividend payout ratio (DPR) is presently 44.44%.
NDAQ has been the topic of a number of analyst reports. Barclays PLC set a $79.00 price objective on shares of Nasdaq and gave the company a “buy” rating in a research note on Wednesday, September 7th. Credit Suisse Group AG reissued a “buy” rating and set a $72.00 price target on shares of Nasdaq in a research report on Monday, August 8th. Deutsche Bank AG raised 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. Jefferies Group raised their price target on shares of Nasdaq from $58.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. Finally, Evercore ISI downgraded shares of Nasdaq from a “buy” rating to a “hold” rating and decreased their price target for the stock from $69.00 to $68.00 in a research report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $70.26.
In other news, insider Pc Nelson Griggs sold 2,945 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward S. Knight sold 19,555 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $70.40, for a total value of $1,376,672.00. Following the transaction, the insider now owns 76,407 shares of the company’s stock, valued at $5,379,052.80. The disclosure for this sale can be found here. 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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