Nasdaq Inc (NDAQ) : Handelsinvest Investeringsforvaltning reduced its stake in Nasdaq Inc by 8.73% during the most recent quarter end. The investment management company now holds a total of 50,200 shares of Nasdaq Inc which is valued at $3,515,506 after selling 4,800 shares in Nasdaq Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Nasdaq Inc makes up approximately 1.28% of Handelsinvest Investeringsforvaltning’s portfolio.
Other Hedge Funds, Including , Assetmark Inc reduced its stake in NDAQ by selling 62 shares or 18.34% in the most recent quarter. The Hedge Fund company now holds 276 shares of NDAQ which is valued at $19,328.Cambridge Investment Research Advisors reduced its stake in NDAQ by selling 400 shares or 9.62% in the most recent quarter. The Hedge Fund company now holds 3,757 shares of NDAQ which is valued at $267,423. Nasdaq Inc makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.Mizuho Trust Banking Ltd. reduced its stake in NDAQ by selling 1,812 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 176,772 shares of NDAQ which is valued at $12,644,501. Nasdaq Inc makes up approx 0.04% of Mizuho Trust Banking Ltd.’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in NDAQ by selling 2,517 shares or 8.26% in the most recent quarter. The Hedge Fund company now holds 27,941 shares of NDAQ which is valued at $1,998,620. Nasdaq Inc makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Newsquare Capital reduced its stake in NDAQ by selling 16 shares or 10.67% in the most recent quarter. The Hedge Fund company now holds 134 shares of NDAQ which is valued at $9,493.
Nasdaq Inc closed down -0.06 points or -0.09% at $70.09 with 6,36,942 shares getting traded on Monday. Post opening the session at $70.03, the shares hit an intraday low of $69.85 and an intraday high of $70.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 Companys 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.