BNP Paribas Arbitrage SA Purchases 29,587 Shares of Nasdaq, Inc. (NDAQ)
BNP Paribas Arbitrage SA boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 10.4% during the second quarter, Holdings Channel reports. The institutional investor owned 312,898 shares of the financial services provider’s stock after buying an additional 29,587 shares during the period. BNP Paribas Arbitrage SA’s holdings in Nasdaq were worth $22,369,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Nasdaq during the first quarter worth about $189,000. Ameritas Investment Partners Inc. purchased a new position in shares of Nasdaq during the first quarter worth about $190,000. Mn Services Vermogensbeheer B.V. increased its position in shares of 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 worth $201,000 after buying an additional 161 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC purchased a new position in shares of Nasdaq during the first quarter worth about $203,000. Institutional investors own 75.44% of the company’s stock.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) opened at 76.28 on Friday. The stock’s 50 day moving average is $73.52 and its 200 day moving average is $70.54. The stock has a market cap of $12.72 billion, a P/E ratio of 57.96 and a beta of 0.76. Nasdaq, Inc. has a 12 month low of $63.30 and a 12 month high of $77.75.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The business had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. During the same quarter last year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th 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 1.99%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s payout ratio is currently 118.75%.
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A number of research analysts recently issued reports on NDAQ shares. Deutsche Bank AG decreased their price target on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, April 28th. UBS AG reiterated a “buy” rating and issued a $81.00 price target (down previously from $85.00) on shares of Nasdaq in a research note on Friday, April 28th. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada set a $70.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a research note on Friday, April 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $71.00 price target (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Nasdaq currently has a consensus rating of “Buy” and a consensus price target of $75.22.
In other news, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the completion of the sale, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward S. Knight sold 14,629 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $76.74, for a total transaction of $1,122,629.46. The disclosure for this sale can be found here. Insiders have sold 32,629 shares of company stock valued at $2,466,989 in the last three months. Corporate insiders own 1.60% of the company’s stock.
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.
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