CX Institutional lifted its position in Nasdaq Inc (NASDAQ:NDAQ) by 13,552.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,649 shares of the financial services provider’s stock after purchasing an additional 10,571 shares during the period. CX Institutional’s holdings in Nasdaq were worth $932,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Capital Investment Advisory Services LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $43,000. Doyle Wealth Management bought a new stake in shares of Nasdaq during the 4th quarter valued at $51,000. Meeder Asset Management Inc. bought a new stake in shares of Nasdaq during the 4th quarter valued at $77,000. Federated Investors Inc. PA bought a new stake in shares of Nasdaq during the 3rd quarter valued at $106,000. Finally, Enlightenment Research LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $106,000. Hedge funds and other institutional investors own 76.07% of the company’s stock.
In other Nasdaq news, EVP Thomas A. Wittman sold 13,561 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $88.04, for a total value of $1,193,910.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Pc Nelson Griggs sold 1,339 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $90.24, for a total value of $120,831.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,059 shares of company stock valued at $1,841,213. 0.50% of the stock is currently owned by corporate insiders.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.05. The business had revenue of $638.00 million during the quarter, compared to the consensus estimate of $632.71 million. Nasdaq had a return on equity of 14.53% and a net margin of 10.71%. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 EPS. Research analysts anticipate that Nasdaq Inc will post 4.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 13th. This is an increase from Nasdaq’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.09%. Nasdaq’s payout ratio is 36.36%.
A number of analysts have recently commented on the stock. UBS Group boosted their target price on shares of Nasdaq from $100.00 to $103.00 and gave the company a “buy” rating in a report on Thursday. BidaskClub raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Zacks Investment Research lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Finally, ValuEngine lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Nasdaq currently has an average rating of “Hold” and an average target price of $96.14.
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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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