Retirement Systems of Alabama Has $3.95 Million Position in Nasdaq, Inc. (NDAQ)
Retirement Systems of Alabama reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,260 shares of the financial services provider’s stock after selling 356 shares during the period. Retirement Systems of Alabama’s holdings in Nasdaq were worth $3,951,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in shares of Nasdaq by 9.4% in the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after buying an additional 243 shares during the last quarter. Majedie Asset Management Ltd boosted its position in shares of Nasdaq by 5.4% in the second quarter. Majedie Asset Management Ltd now owns 95,618 shares of the financial services provider’s stock valued at $6,836,000 after buying an additional 4,883 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Nasdaq by 43.5% in the second quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock valued at $166,749,000 after buying an additional 707,537 shares during the last quarter. Lockheed Martin Investment Management Co. bought a new position in shares of Nasdaq during the second quarter valued at approximately $1,987,000. Finally, CIBC Asset Management Inc boosted its position in shares of Nasdaq by 0.4% in the second quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock valued at $876,000 after buying an additional 50 shares during the last quarter. 75.44% of the stock is owned by institutional investors.
Shares of Nasdaq, Inc. (NDAQ) opened at 74.91 on Monday. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $77.75. The company’s 50-day moving average is $73.62 and its 200 day moving average is $70.58. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 56.92 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $596.55 million. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts expect that Nasdaq, Inc. will post $4.17 EPS for the current fiscal year.
The firm also recently announced 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. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. Nasdaq’s dividend payout ratio (DPR) is currently 118.75%.
Several equities analysts have recently commented on the stock. UBS AG reaffirmed a “buy” rating and set a $81.00 price target (down previously from $85.00) on shares of Nasdaq in a research report on Friday, April 28th. BidaskClub cut shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Evercore ISI reaffirmed an “in-line” rating and set a $74.00 price target on shares of Nasdaq in a research report on Friday, April 28th. Keefe, Bruyette & Woods set a $76.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a research report on Thursday. Finally, Royal Bank Of Canada increased their price target on shares of Nasdaq from $70.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $75.30.
In other Nasdaq news, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the transaction, the insider now directly owns 78,063 shares in the company, valued at $5,807,106.57. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bjorn Sibbern sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $76.17, for a total transaction of $228,510.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,629 shares of company stock worth $2,466,989. 1.60% of the stock is owned by company insiders.
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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