Xponance Inc. raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,326 shares of the financial services provider’s stock after buying an additional 1,225 shares during the quarter. Xponance Inc.’s holdings in Nasdaq were worth $2,751,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CI Investments Inc. lifted its stake in shares of Nasdaq by 3,142.9% in the 3rd quarter. CI Investments Inc. now owns 454 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 440 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in shares of Nasdaq in the 4th quarter valued at about $30,000. Harbour Investments Inc. lifted its stake in shares of Nasdaq by 250.6% in the 4th quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 391 shares in the last quarter. Glassman Wealth Services lifted its position in Nasdaq by 56.0% during the 4th quarter. Glassman Wealth Services now owns 610 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 219 shares in the last quarter. Finally, Covestor Ltd lifted its position in Nasdaq by 132.1% during the 1st quarter. Covestor Ltd now owns 745 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 424 shares in the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on NDAQ shares. Deutsche Bank Aktiengesellschaft reduced their price target on Nasdaq from $56.00 to $53.00 in a research report on Tuesday, June 13th. 92 Resources reiterated a “maintains” rating on shares of Nasdaq in a report on Tuesday, June 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $82.00 price target on shares of Nasdaq in a report on Thursday, April 20th. Bank of America lowered their price target on Nasdaq from $53.00 to $51.00 in a report on Tuesday, June 13th. Finally, StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Nasdaq currently has an average rating of “Hold” and a consensus target price of $62.44.
Insider Activity
Nasdaq Stock Performance
Shares of Nasdaq stock opened at $49.85 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77. The firm has a market cap of $24.46 billion, a price-to-earnings ratio of 21.71 and a beta of 0.97. The business has a fifty day simple moving average of $53.77 and a 200-day simple moving average of $56.57. Nasdaq, Inc. has a fifty-two week low of $48.95 and a fifty-two week high of $69.22.
Nasdaq (NASDAQ:NDAQ – Free Report) last announced its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. The business had revenue of $914.00 million during the quarter, compared to analyst estimates of $910.06 million. Nasdaq had a return on equity of 22.15% and a net margin of 18.38%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. On average, equities analysts forecast that Nasdaq, Inc. will post 2.71 EPS for the current fiscal year.
Nasdaq Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.77%. This is an increase from Nasdaq’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, June 15th. Nasdaq’s dividend payout ratio is currently 38.32%.
About Nasdaq
Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. The Market Platforms segment trading services, including equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.
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