DekaBank Deutsche Girozentrale raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,066 shares of the financial services provider’s stock after buying an additional 2,010 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Nasdaq were worth $3,139,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in NDAQ. Vanguard Group Inc. grew its holdings in shares of Nasdaq by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock worth $820,043,000 after purchasing an additional 208,253 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Nasdaq by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock worth $186,204,000 after purchasing an additional 67,975 shares during the last quarter. BT Investment Management Ltd bought a new stake in shares of Nasdaq in the 2nd quarter worth about $97,982,000. Frontier Capital Management Co. LLC grew its holdings in shares of Nasdaq by 1.3% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock worth $96,957,000 after purchasing an additional 16,264 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Nasdaq by 21.9% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,203,500 shares of the financial services provider’s stock worth $86,038,000 after purchasing an additional 216,100 shares during the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.
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NDAQ has been the topic of several analyst reports. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. UBS AG reaffirmed a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. ValuEngine raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Royal Bank Of Canada set a $78.00 target price on shares of Nasdaq and gave the stock a “hold” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $78.22.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The company had revenue of $607.00 million for the quarter, compared to the consensus estimate of $599.84 million. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. equities research analysts anticipate that Nasdaq, Inc. will post 4.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.97%. Nasdaq’s payout ratio is 100.00%.
In related news, insider Pc Nelson Griggs sold 1,396 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $74.72, for a total transaction of $104,309.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.
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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