FMR LLC lowered its stake in Nasdaq Inc (NASDAQ:NDAQ) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,591,942 shares of the financial services provider’s stock after selling 63,941 shares during the quarter. FMR LLC owned about 0.96% of Nasdaq worth $139,279,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Cleararc Capital Inc. acquired a new position in Nasdaq in the 1st quarter worth about $245,000. Nordea Investment Management AB raised its holdings in Nasdaq by 45.9% in the 1st quarter. Nordea Investment Management AB now owns 297,368 shares of the financial services provider’s stock worth $26,020,000 after purchasing an additional 93,530 shares during the period. Marshall Wace LLP raised its holdings in Nasdaq by 3,534.5% in the 1st quarter. Marshall Wace LLP now owns 91,627 shares of the financial services provider’s stock worth $8,016,000 after purchasing an additional 89,106 shares during the period. Andra AP fonden acquired a new position in Nasdaq in the 1st quarter worth about $5,879,000. Finally, Wealthfront Advisers LLC raised its holdings in shares of Nasdaq by 78.3% during the first quarter. Wealthfront Advisers LLC now owns 9,689 shares of the financial services provider’s stock valued at $848,000 after acquiring an additional 4,254 shares during the last quarter. Hedge funds and other institutional investors own 76.09% of the company’s stock.
Nasdaq stock traded up $0.50 during midday trading on Thursday, reaching $103.14. The company’s stock had a trading volume of 653,218 shares, compared to its average volume of 746,878. The stock’s 50-day moving average is $97.47. The stock has a market cap of $17.01 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.80 and a beta of 0.64. Nasdaq Inc has a fifty-two week low of $75.49 and a fifty-two week high of $104.69. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.49.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, June 13th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. Nasdaq’s payout ratio is currently 38.84%.
In other Nasdaq news, insider Edward S. Knight sold 22,059 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $90.83, for a total value of $2,003,618.97. Following the completion of the transaction, the insider now directly owns 95,322 shares in the company, valued at approximately $8,658,097.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lars Wedenborn sold 1,946 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $90.36, for a total transaction of $175,840.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,715 shares of company stock valued at $2,923,953. Insiders own 0.50% of the company’s stock.
NDAQ has been the subject of a number of research analyst reports. Wells Fargo & Co increased their target price on Apollo Global Management from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Bank of America set a $77.00 price target on Zscaler and gave the company a “neutral” rating in a research report on Friday, May 31st. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target 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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