Thompson Davis & CO. Inc. Has $445,000 Position in Nasdaq, Inc. (NDAQ)
Thompson Davis & CO. Inc. lowered its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,221 shares of the financial services provider’s stock after selling 7 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Nasdaq were worth $445,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisor Partners LLC acquired a new stake in Nasdaq during the second quarter worth approximately $214,000. Nikko Asset Management Americas Inc. boosted its position in Nasdaq by 1,325.8% during the second quarter. Nikko Asset Management Americas Inc. now owns 126,900 shares of the financial services provider’s stock worth $9,072,000 after acquiring an additional 118,000 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Nasdaq during the second quarter worth approximately $645,000. GAM Holding AG boosted its position in Nasdaq by 0.7% during the second quarter. GAM Holding AG now owns 28,766 shares of the financial services provider’s stock worth $2,056,000 after acquiring an additional 200 shares during the last quarter. Finally, Aperio Group LLC boosted its position in Nasdaq by 2.4% during the second quarter. Aperio Group LLC now owns 95,486 shares of the financial services provider’s stock worth $6,826,000 after acquiring an additional 2,218 shares during the last quarter. Hedge funds and other institutional investors own 74.31% of the company’s stock.
In related news, insider Ann M. Dennison sold 1,170 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward S. Knight sold 15,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now directly owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is owned by insiders.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) traded up 0.85% during trading on Friday, hitting $74.35. 843,504 shares of the company’s stock were exchanged. The firm has a market capitalization of $12.40 billion, a PE ratio of 56.50 and a beta of 0.77. The stock’s 50 day moving average is $75.05 and its 200 day moving average is $71.06. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $77.75.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The business had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. Nasdaq’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. On average, equities research analysts forecast that Nasdaq, Inc. will post $4.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.
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A number of analysts recently issued reports on NDAQ shares. Deutsche Bank AG restated a “buy” rating and set a $77.00 target price (down previously from $79.00) on shares of Nasdaq in a research report on Monday, May 15th. UBS AG restated a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating and set a $74.00 target price on shares of Nasdaq in a research report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $76.10.
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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