Krasney Financial Lowers stake in Nasdaq Inc (NDAQ)

Nasdaq Inc (NDAQ) : Krasney Financial reduced its stake in Nasdaq Inc by 5.81% during the most recent quarter end. The investment management company now holds a total of 114,379 shares of Nasdaq Inc which is valued at $7,403,753 after selling 7,059 shares in Nasdaq Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Nasdaq Inc makes up approximately 1.74% of Krasney Financial’s portfolio.

Other Hedge Funds, Including , Raymond James Associates reduced its stake in NDAQ by selling 17,821 shares or 10.39% in the most recent quarter. The Hedge Fund company now holds 153,698 shares of NDAQ which is valued at $9,948,872. Nasdaq Inc makes up approx 0.03% of Raymond James Associates’s portfolio.Trustmark National Bank Trust Department reduced its stake in NDAQ by selling 160 shares or 3.05% in the most recent quarter. The Hedge Fund company now holds 5,085 shares of NDAQ which is valued at $341,204. Nasdaq Inc makes up approx 0.04% of Trustmark National Bank Trust Department’s portfolio.Pitcairn Co boosted its stake in NDAQ in the latest quarter, The investment management firm added 395 additional shares and now holds a total of 13,614 shares of Nasdaq Inc which is valued at $911,185. Nasdaq Inc makes up approx 0.12% of Pitcairn Co’s portfolio.Ibm Retirement Fund reduced its stake in NDAQ by selling 754 shares or 6.66% in the most recent quarter. The Hedge Fund company now holds 10,573 shares of NDAQ which is valued at $683,967. Nasdaq Inc makes up approx 0.04% of Ibm Retirement Fund’s portfolio.Cue Financial Group reduced its stake in NDAQ by selling 1,130 shares or 7.81% in the most recent quarter. The Hedge Fund company now holds 13,332 shares of NDAQ which is valued at $876,312. Nasdaq Inc makes up approx 0.75% of Cue Financial Group’s portfolio.

Nasdaq Inc opened for trading at $64.93 and hit $65.94 on the upside on Monday, eventually ending the session at $65.85, with a gain of 1.53% or 0.99 points. The heightened volatility saw the trading volume jump to 9,57,780 shares. Company has a market cap of $10,879 M.

On the company’s financial health, Nasdaq Inc reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.90. The company had revenue of $585.00 million for the quarter, compared to analysts expectations of $585.83 million. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.

Investors should note that on Oct 26, 2016, Nasdaq Inc announced a cash dividend of $0.3200. The company’s management has announced Dec 14, 2016 as the ex-dividend date and fixed the record date on Dec 16, 2016. The payable date has been fixed on Dec 30, 2016.

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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