Nasdaq, Inc. (NDAQ) Shares Sold by California State Teachers Retirement System
California State Teachers Retirement System lowered its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,928 shares of the financial services provider’s stock after selling 13,070 shares during the quarter. California State Teachers Retirement System owned 0.13% of Nasdaq worth $15,508,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Palo Capital Inc. raised its position in shares of Nasdaq by 0.4% during the second quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 45 shares during the period. CIBC Asset Management Inc raised its position in shares of Nasdaq by 0.4% during the second quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 50 shares during the period. Stanley Laman Group Ltd. raised its position in shares of Nasdaq by 0.6% during the second quarter. Stanley Laman Group Ltd. now owns 9,457 shares of the financial services provider’s stock worth $676,000 after purchasing an additional 57 shares during the period. Thrivent Financial For Lutherans raised its position in shares of Nasdaq by 2.4% during the second quarter. Thrivent Financial For Lutherans now owns 4,330 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 100 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in shares of Nasdaq by 0.8% during the second quarter. Oppenheimer & Co. Inc. now owns 15,438 shares of the financial services provider’s stock worth $1,104,000 after purchasing an additional 115 shares during the period. 74.44% of the stock is currently owned by institutional investors.
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A number of equities research analysts have recently commented on the company. Royal Bank Of Canada set a $78.00 price target on Nasdaq and gave the stock a “hold” rating in a research report on Monday. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $78.00 target price on shares of Nasdaq in a research report on Thursday, October 12th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $76.50.
Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.60 on Thursday. The firm’s 50 day moving average price is $75.55 and its 200 day moving average price is $72.11. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 56.69 and a beta of 0.77. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $78.31.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.06. The business had revenue of $602.00 million for 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. Equities research analysts anticipate that Nasdaq, Inc. will post $4.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.
In other news, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward S. Knight sold 15,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $74.39, for a total value 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 $5,807,106.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,844 shares of company stock valued at $2,788,100. Company 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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