Horizon Investments LLC Has $596,000 Position in Nasdaq, Inc. (NDAQ)
Horizon Investments LLC cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 15.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,819 shares of the financial services provider’s stock after selling 1,653 shares during the quarter. Horizon Investments LLC’s holdings in Nasdaq were worth $596,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of NDAQ. Nationwide Fund Advisors boosted its stake in shares of Nasdaq by 4.6% in the first quarter. Nationwide Fund Advisors now owns 32,411 shares of the financial services provider’s stock valued at $2,251,000 after buying an additional 1,433 shares in the last quarter. Profund Advisors LLC boosted its position in Nasdaq by 2.5% during the first quarter. Profund Advisors LLC now owns 3,775 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 91 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Nasdaq by 10.0% during the first quarter. UBS Asset Management Americas Inc. now owns 300,242 shares of the financial services provider’s stock worth $20,852,000 after purchasing an additional 27,248 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Nasdaq by 30.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,535 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 2,001 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its position in Nasdaq by 14.2% during the first quarter. State of Wisconsin Investment Board now owns 109,836 shares of the financial services provider’s stock worth $7,628,000 after purchasing an additional 13,622 shares in the last quarter. Hedge funds and other institutional investors own 74.37% of the company’s stock.
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In other news, insider Edward S. Knight sold 15,000 shares of the firm’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 completion of the sale, the insider now directly owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,844 shares of company stock valued at $2,788,100. Corporate insiders own 1.60% of the company’s stock.
Nasdaq, Inc. (NASDAQ NDAQ) traded up 0.42% during trading on Friday, hitting $76.42. The stock had a trading volume of 473,753 shares. The firm’s 50-day moving average price is $75.31 and its 200-day moving average price is $71.24. The stock has a market cap of $12.75 billion, a PE ratio of 58.07 and a beta of 0.77. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $77.75.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.06. The business had revenue of $602.00 million during the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. On average, equities research analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, September 14th. Nasdaq’s dividend payout ratio is presently 118.75%.
A number of analysts have commented on NDAQ shares. BidaskClub upgraded Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. UBS AG reiterated a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 target price on shares of Nasdaq in a research report on Tuesday, June 13th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $71.00 target price (up from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $76.10.
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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