People s United Financial Inc. cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 58,291 shares of the financial services provider’s stock after selling 322 shares during the period. People s United Financial Inc.’s holdings in Nasdaq were worth $12,242,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ellevest Inc. boosted its holdings in shares of Nasdaq by 69.8% in the 4th quarter. Ellevest Inc. now owns 146 shares of the financial services provider’s stock valued at $31,000 after buying an additional 60 shares during the period. Whittier Trust Co. boosted its holdings in shares of Nasdaq by 85.1% in the 4th quarter. Whittier Trust Co. now owns 174 shares of the financial services provider’s stock valued at $37,000 after buying an additional 80 shares during the period. Mascoma Wealth Management LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at about $37,000. PrairieView Partners LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at about $43,000. Finally, Covestor Ltd acquired a new position in Nasdaq during the 4th quarter valued at about $67,000. 74.91% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on NDAQ shares. UBS Group reduced their target price on shares of Nasdaq from $238.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, January 27th. Oppenheimer reduced their target price on shares of Nasdaq from $230.00 to $217.00 and set an “outperform” rating for the company in a research note on Thursday, January 27th. Rosenblatt Securities boosted their target price on shares of Nasdaq from $199.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. Morgan Stanley reduced their target price on shares of Nasdaq from $245.00 to $239.00 and set an “overweight” rating for the company in a research note on Thursday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Nasdaq from $207.00 to $184.00 in a research note on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $211.25.
Shares of NASDAQ NDAQ traded up $1.35 during midday trading on Monday, reaching $147.48. The company’s stock had a trading volume of 12,742 shares, compared to its average volume of 959,186. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average price of $167.69 and a 200 day moving average price of $182.40. Nasdaq, Inc. has a one year low of $140.31 and a one year high of $214.96. The company has a market cap of $24.29 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.84 and a beta of 0.93.
Nasdaq (NASDAQ:NDAQ – Get Rating) last released its earnings results on Wednesday, April 20th. The financial services provider reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. Nasdaq had a net margin of 20.31% and a return on equity of 20.05%. The business had revenue of $892.00 million for the quarter, compared to the consensus estimate of $892.18 million. During the same period in the previous year, the firm earned $1.96 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Research analysts anticipate that Nasdaq, Inc. will post 7.92 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, June 9th. This is a boost from Nasdaq’s previous quarterly dividend of $0.54. Nasdaq’s dividend payout ratio (DPR) is 30.99%.
Nasdaq Company Profile (Get Rating)
Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions.
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