Catalyst Capital Advisors Lowers stake in Nasdaq Inc (NDAQ)

Nasdaq Inc (NDAQ) : Catalyst Capital Advisors reduced its stake in Nasdaq Inc by 8.45% during the most recent quarter end. The investment management company now holds a total of 100,700 shares of Nasdaq Inc which is valued at $7,064,105 after selling 9,300 shares in Nasdaq Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Nasdaq Inc makes up approximately 1.27% of Catalyst Capital Advisors’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in NDAQ in the latest quarter, The investment management firm added 82,941 additional shares and now holds a total of 325,380 shares of Nasdaq Inc which is valued at $22,825,407. Nasdaq Inc makes up approx 0.09% of Credit Agricole S A’s portfolio.Columbus Circle Investors reduced its stake in NDAQ by selling 92,117 shares or 41.37% in the most recent quarter. The Hedge Fund company now holds 130,554 shares of NDAQ which is valued at $9,338,528. Nasdaq Inc makes up approx 0.09% of Columbus Circle Investors’s portfolio.Capstone Asset Management Co boosted its stake in NDAQ in the latest quarter, The investment management firm added 580 additional shares and now holds a total of 11,011 shares of Nasdaq Inc which is valued at $739,609. Nasdaq Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio. Lenox Wealth Advisors sold out all of its stake in NDAQ during the most recent quarter. The investment firm sold 60 shares of NDAQ which is valued $4,030.

Nasdaq Inc opened for trading at $70.12 and hit $70.44 on the upside on Friday, eventually ending the session at $70.44, with a gain of 0.17% or 0.12 points. The heightened volatility saw the trading volume jump to 6,97,452 shares. Company has a market cap of $11,655 M.

On the company’s financial health, Nasdaq Inc reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.88. The company had revenue of $559.00 million for the quarter, compared to analysts expectations of $547.55 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Investors should note that on Jul 27, 2016, Nasdaq Inc announced a cash dividend of $0.3200. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Nasdaq Inc. Company shares were Reiterated by Barclays on Aug 9, 2016 to “Overweight”, Firm has raised the Price Target to $ 80 from a previous price target of $74 .Sterne Agee CRT Initiated Nasdaq Inc on May 20, 2016 to “Buy”, Price Target of the shares are set at $76.

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 six continents. The Company manages operates and provides its products and services in four segments: Market Services Listing Services Information Services and Technology Solutions. The Company’s Market Services segment includes its equity derivative trading and clearing cash equity trading fixed income currency and commodities trading and clearing and access and broker services businesses. The Company operates a range of listing platforms around the world to provide multiple global capital raising solutions for private and public companies. Its Information Services segment includes its Data Products and its Index Licensing and Services businesses. Its Technology Solutions segment includes its Corporate Solutions and Market Technology businesses.

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