Nasdaq, Inc. (NDAQ) Shares Sold by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,899 shares of the financial services provider’s stock after selling 23 shares during the period. Mutual of America Capital Management LLC’s holdings in Nasdaq were worth $994,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NDAQ. BlackRock Inc. grew its position in Nasdaq by 3,831.1% during the 1st quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock worth $662,992,000 after acquiring an additional 9,303,493 shares during the last quarter. BT Investment Management Ltd bought a new stake in Nasdaq during the 2nd quarter worth approximately $97,982,000. NN Investment Partners Holdings N.V. grew its position in Nasdaq by 26,658.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,178,181 shares of the financial services provider’s stock worth $84,227,000 after acquiring an additional 1,173,778 shares during the last quarter. Bessemer Group Inc. grew its position in Nasdaq by 43.5% during the 2nd quarter. Bessemer Group Inc. now owns 2,332,475 shares of the financial services provider’s stock worth $166,749,000 after acquiring an additional 707,537 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Nasdaq by 3,606.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 569,103 shares of the financial services provider’s stock worth $40,685,000 after acquiring an additional 553,747 shares during the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.
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Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.50 on Tuesday. The firm’s 50-day moving average price is $75.73 and its 200 day moving average price is $71.85. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $78.31. The firm has a market cap of $12.43 billion, a P/E ratio of 56.61 and a beta of 0.77.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The company had revenue of $602.00 million for the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. Nasdaq’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. Analysts forecast that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.04%. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
In other news, insider Ann M. Dennison sold 1,170 shares of Nasdaq 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of Nasdaq 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 transaction, the insider now owns 78,063 shares in the company, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,844 shares of company stock worth $2,788,100. 1.60% of the stock is owned by company insiders.
NDAQ has been the topic of a number of research analyst reports. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods set a $76.00 price objective on Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $76.00 price objective on shares of Nasdaq in a report on Monday, September 11th. Citigroup Inc. started coverage on Nasdaq in a report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 price objective on the stock. Finally, Barclays PLC started coverage on Nasdaq in a report on Friday, September 8th. They set an “overweight” rating and a $85.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Nasdaq 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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