(NASDAQ:NDAQ) Insider Edward S. Knight Sells 15000 Shares

Paterniano Del Favero
Agosto 13, 2017

Capstone Asset Management Co. boosted its position in shares of Nasdaq, Inc.

Want to see what other hedge funds are holding NDAQ? It displays prudence by accelerating its non-transaction revenue base. Deutsche Bank AG cut their price objective on shares of Nasdaq from $80.00 to $79.00 and set a "buy" rating for the company in a research report on Friday, April 28th. Evercore ISI reaffirmed an "in-line" rating and issued a $74.00 target price on shares of Nasdaq in a research report on Friday, April 28th. BidaskClub upgraded Nasdaq from a "hold" rating to a "buy" rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $70.00 target price on Nasdaq and gave the stock a "hold" rating in a report on Friday, April 21st. UBS AG reiterated a "buy" rating and set a $81.00 price objective (down previously from $85.00) on shares of Nasdaq in a report on Friday, April 28th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. The company presently has an average rating of "Buy" and a consensus target price of $75.22.

Nasdaq (NDAQ) traded down 0.55% during mid-day trading on Monday, reaching $75.50. 673,643 shares of the company were exchanged.

The stock is trading at $76.25 which is marginally higher than $72.47, the stock's 50 day moving average and a bit higher than the 200 day moving average of $70.20. The company has a market capitalization of $12.59 billion, a P/E ratio of 57.37 and a beta of 0.76.

The value of the investment in Nasdaq, Inc. decreased from $8,227,000 to $7,400,000 a change of 10.1% since the last quarter. The financial services provider reported $1.02 EPS for the quarter, topping 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 firm had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The business's revenue was up 7.7% compared to the same quarter past year. On average, equities research analysts predict that Nasdaq will post $4.18 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was set for Wednesday the 14th of June 2017. Nasdaq's dividend payout ratio is now 118.75%.

In related news, insider Edward S. Knight sold 15,000 shares of the business's stock in a transaction on Friday, July 28th. The shares were sold on July 28th for an average price of $74.39. Following the completion of the sale, the insider now directly owns 78,063 shares of the company's stock, valued at approximately $5,807,106.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several other large investors have also recently bought and sold shares of NDAQ. Parametric Portfolio Associates LLC increased its position in shares of Nasdaq by 13.6% in the second quarter. Tompkins Financial Corp acquired a new stake in shares of Nasdaq during the first quarter worth $143,000. Reliance Trust Co. of DE increased its position in Nasdaq by 6.1% in the second quarter. Reliance Trust Co. of DE now owns 9,545 shares of the financial services provider's stock worth $682,000 after buying an additional 552 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Nasdaq by 3.8% 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 during the last quarter. Aviance Capital Partners LLC increased its position in Nasdaq by 23.4% in the second quarter. 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, LGT Capital Partners LTD. increased its position in Nasdaq by 37.9% in the second quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Nasdaq during the fourth quarter valued at about $248,000.

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