CIBC World Markets Inc. Sells 9,066 Shares of Nasdaq, Inc. (NDAQ)
CIBC World Markets Inc. cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 30.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,469 shares of the financial services provider’s stock after selling 9,066 shares during the period. CIBC World Markets Inc.’s holdings in Nasdaq were worth $1,463,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Nationwide Fund Advisors boosted its holdings in Nasdaq by 4.6% during the first quarter. Nationwide Fund Advisors now owns 32,411 shares of the financial services provider’s stock worth $2,251,000 after purchasing an additional 1,433 shares during the last quarter. Profund Advisors LLC boosted its holdings in Nasdaq by 2.5% during the first quarter. Profund Advisors LLC now owns 3,775 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 91 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Nasdaq by 0.4% during the first quarter. Janney Montgomery Scott LLC now owns 3,603 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 15 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Nasdaq during the first quarter worth about $1,528,000. Finally, Wells Fargo & Company MN boosted its holdings in Nasdaq by 1.3% during the first quarter. Wells Fargo & Company MN now owns 390,625 shares of the financial services provider’s stock worth $27,129,000 after purchasing an additional 4,898 shares during the last quarter. 74.31% of the stock is owned by institutional investors.
Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.74 on Thursday. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $77.75. The stock has a market capitalization of $12.47 billion, a PE ratio of 56.79 and a beta of 0.77. The firm has a 50-day moving average of $75.16 and a 200-day moving average of $71.10.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $602.00 million during the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. Nasdaq’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. Equities analysts expect that Nasdaq, Inc. will post $4.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. Nasdaq’s dividend payout ratio is currently 118.75%.
Several research analysts recently weighed in on NDAQ shares. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Barclays PLC started coverage on shares of Nasdaq in a report on Friday, September 8th. They set an “overweight” rating and a $85.00 price target on the stock. Royal Bank Of Canada set a $74.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a report on Monday, July 17th. Jefferies Group LLC restated a “hold” rating and set a $71.00 price target (up from $68.00) on shares of Nasdaq in a report on Monday, July 17th. Finally, Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Nasdaq has an average rating of “Hold” and an average price target of $76.10.
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In other news, insider Bjorn Sibbern sold 3,000 shares of Nasdaq stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $76.17, for a total value of $228,510.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction that occurred on 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 completion of the sale, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is owned by company insiders.
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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