Redhawk Wealth Advisors Inc. acquired a new stake in shares of Nasdaq Inc (NASDAQ:NDAQ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,935 shares of the financial services provider’s stock, valued at approximately $509,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NDAQ. BlackRock Inc. increased its stake in Nasdaq by 2.2% during the 2nd quarter. BlackRock Inc. now owns 8,262,515 shares of the financial services provider’s stock valued at $754,118,000 after buying an additional 176,258 shares during the period. Capital World Investors acquired a new position in shares of Nasdaq in the 3rd quarter worth approximately $333,215,000. Bessemer Group Inc. grew its stake in shares of Nasdaq by 0.5% in the 3rd quarter. Bessemer Group Inc. now owns 2,292,770 shares of the financial services provider’s stock worth $196,720,000 after purchasing an additional 10,953 shares during the last quarter. FMR LLC grew its stake in shares of Nasdaq by 0.5% in the 3rd quarter. FMR LLC now owns 1,659,626 shares of the financial services provider’s stock worth $142,396,000 after purchasing an additional 7,987 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in shares of Nasdaq by 8.6% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,327,714 shares of the financial services provider’s stock worth $113,918,000 after purchasing an additional 105,489 shares during the last quarter. Hedge funds and other institutional investors own 75.48% of the company’s stock.
Several research analysts have commented on NDAQ shares. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, October 26th. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “buy” rating and set a $101.00 price target for the company in a report on Tuesday, September 25th. Finally, Deutsche Bank reduced their target price on shares of Nasdaq from $103.00 to $97.00 and set a “buy” rating for the company in a research note on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $95.71.
NDAQ stock traded up $0.39 on Wednesday, reaching $79.97. 896,500 shares of the company were exchanged, compared to its average volume of 1,113,900. Nasdaq Inc has a 12 month low of $72.98 and a 12 month high of $96.84. The firm has a market capitalization of $13.44 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 1.68 and a beta of 0.62. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.01. The firm had revenue of $600.00 million for the quarter, compared to analyst estimates of $605.67 million. Nasdaq had a net margin of 17.95% and a return on equity of 13.69%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. Equities research analysts anticipate that Nasdaq Inc will post 4.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.20%. The ex-dividend date was Thursday, December 13th. Nasdaq’s dividend payout ratio (DPR) is presently 43.35%.
In related news, insider Ann M. Dennison sold 1,553 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $83.67, for a total transaction of $129,939.51. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lars Wedenborn sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $89.94, for a total transaction of $224,850.00. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.
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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