Sapience Investments LLC Has $2.24 Million Holdings in Nasdaq Inc (NDAQ)
Sapience Investments LLC trimmed its position in shares of Nasdaq Inc (NASDAQ:NDAQ) by 20.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,555 shares of the financial services provider’s stock after selling 6,170 shares during the period. Sapience Investments LLC’s holdings in Nasdaq were worth $2,241,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank boosted its stake in Nasdaq by 6.0% during the 2nd quarter. Amalgamated Bank now owns 15,065 shares of the financial services provider’s stock valued at $1,375,000 after purchasing an additional 852 shares during the period. State of Alaska Department of Revenue boosted its stake in Nasdaq by 4.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 37,275 shares of the financial services provider’s stock valued at $3,400,000 after purchasing an additional 1,430 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Nasdaq by 2.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 410,164 shares of the financial services provider’s stock valued at $35,365,000 after purchasing an additional 8,037 shares during the period. First Trust Advisors LP boosted its stake in Nasdaq by 825.7% during the 2nd quarter. First Trust Advisors LP now owns 214,501 shares of the financial services provider’s stock valued at $19,578,000 after purchasing an additional 191,329 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Nasdaq by 98.6% during the 2nd quarter. Janus Henderson Group PLC now owns 612,338 shares of the financial services provider’s stock valued at $55,888,000 after purchasing an additional 304,083 shares during the period. 75.66% of the stock is owned by hedge funds and other institutional investors.
NDAQ has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Nasdaq from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Tuesday, June 12th. Wells Fargo & Co reissued a “buy” rating and set a $104.00 target price on shares of Nasdaq in a research note on Friday, June 22nd. Compass Point initiated coverage on shares of Nasdaq in a research note on Friday, June 22nd. They set a “neutral” rating and a $100.00 target price for the company. BidaskClub lowered shares of Nasdaq from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 27th. Finally, Raymond James boosted their target price on shares of Nasdaq from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $94.07.
Shares of NASDAQ:NDAQ opened at $90.73 on Friday. The company has a market capitalization of $15.06 billion, a PE ratio of 22.35, a P/E/G ratio of 1.98 and a beta of 0.65. Nasdaq Inc has a twelve month low of $71.65 and a twelve month high of $96.84. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.56.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. The company had revenue of $615.00 million during the quarter, compared to analyst estimates of $620.25 million. Nasdaq had a net margin of 18.13% and a return on equity of 13.40%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.02 EPS. equities analysts forecast that Nasdaq Inc will post 4.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, September 13th. Nasdaq’s dividend payout ratio is currently 43.35%.
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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