Alliancebernstein L.P. cut its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,606 shares of the financial services provider’s stock after selling 1,438 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Nasdaq worth $15,489,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Delpha Capital Management LLC bought a new position in shares of Nasdaq during the fourth quarter worth approximately $103,000. Delta Asset Management LLC TN increased its holdings in shares of Nasdaq by 6,087.0% during the fourth quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 1,400 shares during the period. Invictus RG bought a new position in shares of Nasdaq during the third quarter worth approximately $111,000. ARK Investment Management LLC bought a new position in shares of Nasdaq during the fourth quarter worth approximately $122,000. Finally, Cerebellum GP LLC bought a new position in shares of Nasdaq during the fourth quarter worth approximately $125,000. 76.48% of the stock is currently owned by institutional investors.
In other Nasdaq news, insider Bradley J. Peterson sold 19,169 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $80.70, for a total value of $1,546,938.30. Following the sale, the insider now owns 32,214 shares in the company, valued at $2,599,669.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lars Ottersgard sold 6,451 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $80.75, for a total transaction of $520,918.25. The disclosure for this sale can be found here. Insiders sold 42,837 shares of company stock worth $3,442,932 in the last 90 days. Company insiders own 1.60% of the company’s stock.
Shares of Nasdaq Inc (NASDAQ:NDAQ) opened at $82.02 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63. The stock has a market cap of $14,015.99, a P/E ratio of 18.99, a P/E/G ratio of 1.80 and a beta of 0.70. Nasdaq Inc has a 52-week low of $65.98 and a 52-week high of $87.00.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The business had revenue of $635.00 million for the quarter, compared to analyst estimates of $628.36 million. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. analysts forecast that Nasdaq Inc will post 4.82 earnings per share for the current fiscal year.
Nasdaq announced that its Board of Directors has authorized a share repurchase plan on Monday, January 29th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.38 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.85%. Nasdaq’s dividend payout ratio is currently 35.19%.
NDAQ has been the topic of several recent research reports. Zacks Investment Research cut shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. Wells Fargo raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $83.00 to $85.00 in a report on Monday, February 12th. Bank of America raised their target price on shares of Nasdaq from $79.00 to $82.00 and gave the stock an “underperform” rating in a report on Thursday, February 1st. Finally, Jefferies Group reiterated a “hold” rating and set a $83.50 price target on shares of Nasdaq in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Nasdaq presently has an average rating of “Hold” and a consensus price target of $84.23.
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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