Janus Henderson Group PLC cut its stake in Nasdaq Inc (NASDAQ:NDAQ) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,057,730 shares of the financial services provider’s stock after selling 186,046 shares during the quarter. Janus Henderson Group PLC owned about 0.64% of Nasdaq worth $92,540,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Brinker Capital Inc. increased its stake in shares of Nasdaq by 0.8% in the 1st quarter. Brinker Capital Inc. now owns 14,535 shares of the financial services provider’s stock worth $1,272,000 after acquiring an additional 117 shares during the last quarter. FDx Advisors Inc. increased its position in shares of Nasdaq by 2.2% during the 4th quarter. FDx Advisors Inc. now owns 5,546 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 118 shares during the last quarter. Penobscot Investment Management Company Inc. increased its position in shares of Nasdaq by 1.2% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 10,250 shares of the financial services provider’s stock worth $836,000 after purchasing an additional 120 shares during the last quarter. Guinness Asset Management Ltd increased its position in shares of Nasdaq by 3.9% during the 1st quarter. Guinness Asset Management Ltd now owns 3,377 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 127 shares during the last quarter. Finally, Argent Trust Co increased its position in shares of Nasdaq by 4.0% during the 4th quarter. Argent Trust Co now owns 3,340 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 129 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently commented on NDAQ shares. BidaskClub cut Nasdaq from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 5th. Argus started coverage on Nasdaq in a report on Wednesday, February 6th. They set a “buy” rating and a $97.00 target price for the company. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Raymond James lowered their target price on Nasdaq from $97.00 to $96.00 and set an “outperform” rating for the company in a report on Tuesday, March 5th. Finally, UBS Group raised their target price on Nasdaq from $100.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $97.92.
Shares of NDAQ traded up $0.37 during midday trading on Wednesday, hitting $90.34. The company had a trading volume of 508,400 shares, compared to its average volume of 763,798. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $14.89 billion, a PE ratio of 18.67, a PEG ratio of 2.29 and a beta of 0.64. Nasdaq Inc has a 1 year low of $75.49 and a 1 year high of $96.84.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The business had revenue of $638.00 million during the quarter, compared to analysts’ expectations of $632.71 million. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. Analysts predict that Nasdaq Inc will post 4.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, June 13th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. Nasdaq’s dividend payout ratio (DPR) is 36.36%.
In other Nasdaq news, EVP Thomas A. Wittman sold 13,561 shares of Nasdaq stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $88.04, for a total transaction of $1,193,910.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lars Wedenborn sold 1,946 shares of Nasdaq stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $90.36, for a total value of $175,840.56. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.
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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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