Nasdaq, Inc. (NASDAQ:NDAQ) Insider Sells $1115850.00 in Stock

Cornelia Mascio
Agosto 13, 2017

Parametric Portfolio Associates LLC now owns 183,210 shares of the financial services provider's stock worth $13,098,000 after buying an additional 21,921 shares during the period. Forsta AP Fonden owned 0.06% of Nasdaq worth $6,905,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sapience Investments LLC acquired a new position in shares of Nasdaq during the second quarter worth about $1,358,000. Thrivent Financial for Lutherans now owns 3,970 shares of the financial services provider's stock valued at $266,000 after buying an additional 230 shares during the period.

Jefferies Group LLC reissued their hold rating on shares of Nasdaq, Inc. Reliance Trust Co. of DE now owns 9,545 shares of the financial services provider's stock valued at $682,000 after buying an additional 552 shares during the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of Nasdaq by 8.8% in the second quarter. Aviance Capital Partners LLC now owns 10,094 shares of the financial services provider's stock worth $722,000 after buying an additional 1,913 shares during the period. Renaissance Technologies LLC now owns 637,808 shares of the financial services provider's stock worth $45,597,000 after buying an additional 49,908 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Nasdaq during the fourth quarter valued at about $248,000. The fund acquired 2,992 shares of the financial services provider's stock, valued at approximately $214,000.

Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $76.79. (NDAQ) opened at 75.50 on Friday. The company has a 50-day moving average of $72.81 and a 200-day moving average of $70.29. The firm has a market capitalization of $12.59 billion, a P/E ratio of 57.37 and a beta of 0.76.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. The company's revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts forecast that Nasdaq will post $4.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, September 15th will be issued a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This dividend amount represented a yeild of $2.02. Nasdaq's payout ratio is 118.75%. "(NASDAQ:NDAQ) Given "Hold" Rating at Jefferies Group LLC" was first published by Stock Observer and is the property of of Stock Observer. If you are reading this report on another site, it was copied illegally and republished in violation of United States & worldwide copyright and trademark law. The original version of this article can be read at https://sportsperspectives.com/2017/08/12/nasdaq-inc-nasdaqndaq-expected-to-earn-q2-2017-earnings-of-0-95-per-share-updated-updated-updated.html.

NDAQ has been the subject of a number of research reports. Evercore ISI reiterated an in-line rating and issued a $74.00 price objective on shares of Nasdaq in a report on Friday, April 28th. UBS AG restated a "buy" rating and issued a $81.00 price objective (down from $85.00) on shares of Nasdaq in a report on Friday, April 28th. BidaskClub lowered shares of Nasdaq from a buy rating to a hold rating in a report on Wednesday, July 12th. Royal Bank Of Canada upped their price objective on shares of Nasdaq from $70.00 to $74.00 and gave the company a "sector perform" rating in a research note on Thursday, April 27th. Teachers Advisors LLC increased its stake in Nasdaq by 7.3% in the fourth quarter. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Nasdaq 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 shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now owns 78,063 shares in the company, valued at approximately $5,807,106.57.

The company is up by 1.33 percent from yesterday's close.

Nasdaq, Inc (Nasdaq) is a holding company. The stock had a trading volume of 673,643 shares. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services.

NDAQ has been the topic of several other reports.

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