Pillar Pacific Capital Management LLC Has $6.07 Million Stake in Nasdaq, Inc. (NDAQ)
Pillar Pacific Capital Management LLC raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 84,850 shares of the financial services provider’s stock after buying an additional 525 shares during the period. Pillar Pacific Capital Management LLC owned approximately 0.05% of Nasdaq worth $6,066,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Tompkins Financial Corp purchased a new stake in shares of Nasdaq during the first quarter worth about $143,000. Pacer Advisors Inc. raised its stake in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Nasdaq during the first quarter worth approximately $189,000. Ameritas Investment Partners Inc. bought a new stake in shares of Nasdaq during the first quarter worth approximately $190,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of Nasdaq during the first quarter worth approximately $203,000. Institutional investors own 75.59% of the company’s stock.
Nasdaq, Inc. (NASDAQ:NDAQ) traded down 0.55% during trading on Friday, hitting $75.50. 673,643 shares of the company traded hands. The firm has a market capitalization of $12.59 billion, a P/E ratio of 57.37 and a beta of 0.76. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $76.79. The stock has a 50-day moving average price of $72.81 and a 200-day moving average price of $70.29.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. The firm had revenue of $602 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS. Equities analysts expect that Nasdaq, Inc. will post $4.18 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.01%. Nasdaq’s dividend payout ratio is 118.75%.
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NDAQ has been the topic of a number of research analyst reports. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Deutsche Bank AG reduced their price objective on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Royal Bank Of Canada set a $70.00 price objective on shares of Nasdaq and gave the stock a “hold” rating in a research note on Friday, April 21st. Jefferies Group LLC reissued a “hold” rating and set a $71.00 price objective (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Finally, Evercore ISI reissued an “in-line” rating and set a $74.00 price objective on shares of Nasdaq in a research note on Friday, April 28th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $75.22.
In related news, insider Edward S. Knight sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the transaction, the insider now directly owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.
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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