World Asset Management Inc lifted its stake in Nasdaq Inc (NASDAQ:NDAQ) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,015 shares of the financial services provider’s stock after acquiring an additional 154 shares during the quarter. World Asset Management Inc’s holdings in Nasdaq were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pittenger & Anderson Inc. acquired a new position in shares of Nasdaq in the first quarter worth $66,000. Dupont Capital Management Corp bought a new stake in Nasdaq in the first quarter worth $96,000. Lenox Wealth Management Inc. boosted its holdings in Nasdaq by 1,562.9% in the first quarter. Lenox Wealth Management Inc. now owns 1,164 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,094 shares in the last quarter. NuWave Investment Management LLC boosted its holdings in Nasdaq by 301.3% in the second quarter. NuWave Investment Management LLC now owns 1,224 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 919 shares in the last quarter. Finally, Bremer Bank National Association bought a new stake in Nasdaq in the first quarter worth $119,000. 76.22% of the stock is currently owned by institutional investors and hedge funds.
NDAQ stock traded up $0.30 during mid-day trading on Friday, reaching $97.95. 770,078 shares of the stock traded hands, compared to its average volume of 771,044. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.84. Nasdaq Inc has a 52 week low of $75.49 and a 52 week high of $104.69. The stock has a 50-day simple moving average of $99.26. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.86 and a beta of 0.66.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Thursday, September 12th. Nasdaq’s dividend payout ratio (DPR) is 38.84%.
In other Nasdaq news, Director Lars Wedenborn sold 1,946 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $90.36, for a total transaction of $175,840.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ann M. Dennison sold 5,496 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $96.55, for a total transaction of $530,638.80. The disclosure for this sale can be found here. Insiders have sold 37,211 shares of company stock valued at $3,454,592 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Bank of America reiterated a “neutral” rating and issued a $88.00 price objective on shares of Nasdaq in a report on Friday, May 31st. Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. Citigroup cut shares of Nasdaq from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $93.00 to $95.00 in a report on Monday, July 22nd. Wells Fargo & Co upped their price objective on shares of Nasdaq from $97.00 to $112.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Finally, ValuEngine cut shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $100.70.
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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