Nasdaq, Inc. (NDAQ) Position Raised by Pacer Advisors Inc.
Pacer Advisors Inc. raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.4% during the first quarter, Holdings Channel reports. The firm owned 2,365 shares of the financial services provider’s stock after buying an additional 77 shares during the period. Pacer Advisors Inc.’s holdings in Nasdaq were worth $164,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of NDAQ. Tompkins Financial Corp acquired a new stake in shares of Nasdaq during the first quarter worth $143,000. Advisory Services Network LLC acquired a new stake in shares of Nasdaq during the first quarter worth $189,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Nasdaq during the first quarter worth $190,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock worth $201,000 after buying an additional 161 shares during the period. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of Nasdaq during the first quarter worth $203,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.
Nasdaq, Inc. (NASDAQ NDAQ) opened at 71.16 on Friday. Nasdaq, Inc. has a 12-month low of $61.19 and a 12-month high of $72.52. The firm’s 50-day moving average price is $68.34 and its 200-day moving average price is $68.83. The company has a market cap of $11.75 billion, a P/E ratio of 82.94 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.05. Nasdaq had a return on equity of 11.77% and a net margin of 3.87%. The firm had revenue of $583 million for the quarter, compared to analyst estimates of $593.46 million. During the same period in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Analysts expect that Nasdaq, Inc. will post $4.12 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.14%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, June 14th. Nasdaq’s payout ratio is currently 183.13%.
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A number of brokerages have weighed in on NDAQ. Royal Bank Of Canada restated a “sector perform” rating and set a $71.00 price objective on shares of Nasdaq in a research note on Thursday, March 30th. Jefferies Group LLC restated a “hold” rating and set a $68.00 price objective on shares of Nasdaq in a research note on Monday, April 10th. Evercore ISI restated an “in-line” rating and set a $74.00 price objective on shares of Nasdaq in a research note on Friday, April 28th. BidaskClub upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $73.11.
In related news, Director Lars Wedenborn sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $68.38, for a total transaction of $683,800.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.
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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