Crossmark Global Holdings Inc. Acquires Shares of 11,610 Nasdaq, Inc. (NDAQ)
Crossmark Global Holdings Inc. acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,610 shares of the financial services provider’s stock, valued at approximately $901,000.
Several other institutional investors have also made changes to their positions in NDAQ. Raymond James Financial Services Advisors Inc. raised its position in Nasdaq by 1.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 70,968 shares of the financial services provider’s stock valued at $5,505,000 after purchasing an additional 857 shares during the period. Pictet Asset Management Ltd. raised its position in Nasdaq by 21.5% during the third quarter. Pictet Asset Management Ltd. now owns 75,695 shares of the financial services provider’s stock valued at $5,872,000 after purchasing an additional 13,400 shares during the period. First Quadrant L P CA raised its position in Nasdaq by 1,723.8% during the third quarter. First Quadrant L P CA now owns 226,153 shares of the financial services provider’s stock valued at $17,543,000 after purchasing an additional 213,753 shares during the period. Aperio Group LLC raised its position in Nasdaq by 3.1% during the third quarter. Aperio Group LLC now owns 98,401 shares of the financial services provider’s stock valued at $7,633,000 after purchasing an additional 2,915 shares during the period. Finally, Huntington National Bank raised its position in Nasdaq by 77.7% during the third quarter. Huntington National Bank now owns 20,397 shares of the financial services provider’s stock valued at $1,583,000 after purchasing an additional 8,920 shares during the period. Institutional investors and hedge funds own 76.09% of the company’s stock.
A number of research analysts have recently commented on NDAQ shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Royal Bank Of Canada set a $74.00 target price on Nasdaq and gave the company a “hold” rating in a research note on Monday, July 17th. UBS AG reaffirmed a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. Finally, BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. One 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 presently has a consensus rating of “Hold” and an average target price of $77.40.
Shares of Nasdaq, Inc. (NDAQ) opened at $73.57 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $12,229.27, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 2.06 and a beta of 0.76. Nasdaq, Inc. has a 52-week low of $63.36 and a 52-week high of $78.31.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.02 by $0.04. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The firm had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities research analysts forecast that Nasdaq, Inc. will post 4.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.07%. Nasdaq’s dividend payout ratio is presently 100.00%.
In other news, Director Lars Wedenborn sold 3,045 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction on Tuesday, August 22nd. The shares were 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. Corporate insiders own 1.60% of the company’s stock.
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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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