Trade Report: Today, State of Wisconsin Investment Board Reached $4,961,000 position of Nasdaq Inc. (NDAQ)

Today, State of Wisconsin Investment Board Reached $4,961,000 position  of Nasdaq Inc. (NDAQ)

State of Wisconsin Investment Board decreased its position in shares of Nasdaq Inc. (NASDAQ:NDAQ) by 1.7% during the third quarter, Holdings Channel reports. The institutional investor owned 73,451 shares of the company’s stock after selling 1,250 shares during the period. State of Wisconsin Investment Board’s holdings in Nasdaq were worth $4,961,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cue Financial Group Inc. boosted its position in shares of Nasdaq by 9.8% in the second quarter. Cue Financial Group Inc. now owns 14,462 shares of the company’s stock valued at $935,000 after buying an additional 1,285 shares during the period. BKD Wealth Advisors LLC boosted its position in shares of Nasdaq by 10.8% in the second quarter. BKD Wealth Advisors LLC now owns 4,038 shares of the company’s stock valued at $261,000 after buying an additional 395 shares during the period. LGT Capital Partners LTD. boosted its position in shares of Nasdaq by 33.5% in the second quarter. LGT Capital Partners LTD. now owns 130,050 shares of the company’s stock valued at $8,410,000 after buying an additional 32,650 shares during the period. Alpha Windward LLC boosted its position in shares of Nasdaq by 975.1% in the second quarter. Alpha Windward LLC now owns 6,902 shares of the company’s stock valued at $446,000 after buying an additional 6,260 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Nasdaq by 9.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 564,273 shares of the company’s stock valued at $36,492,000 after buying an additional 47,764 shares during the period. 73.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nasdaq Inc. (NASDAQ:NDAQ) traded up 0.54% during trading on Friday, reaching $65.69. The company had a trading volume of 218,033 shares. The firm has a 50-day moving average of $65.57 and a 200 day moving average of $66.97. The firm has a market capitalization of $10.85 billion, a PE ratio of 23.09 and a beta of 0.86. Nasdaq Inc. has a 1-year low of $54.62 and a 1-year high of $71.92.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The business earned $585 million during the quarter, compared to the consensus estimate of $586.20 million. Nasdaq had a net margin of 13.38% and a return on equity of 10.71%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Analysts expect that Nasdaq Inc. will post $3.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.95%. Nasdaq’s dividend payout ratio (DPR) is 44.91%.

Several research analysts recently issued reports on NDAQ shares. Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Deutsche Bank AG increased their target price on Nasdaq from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Barclays PLC set a $79.00 target price on Nasdaq and gave the company a “buy” rating in a research report on Wednesday, September 7th. Jefferies Group reaffirmed a “hold” rating and set a $68.00 target price on shares of Nasdaq in a research report on Thursday, October 13th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $70.00 target price on shares of Nasdaq in a research report on Sunday, November 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Nasdaq has a consensus rating of “Hold” and an average target price of $71.08.

Nasdaq Company Profile

Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.

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