Fox Run Management L.l.c. adds Nasdaq Inc (NDAQ) to its portfolio

Nasdaq Inc (NDAQ) : Fox Run Management L.l.c. added new position in Nasdaq Inc during the most recent quarter end. The investment management firm now holds 14,200 shares of Nasdaq Inc which is valued at $908,658 , the company said in a statement filed on Apr 18, 2016 with the SEC.Nasdaq Inc makes up approximately 0.59% of Fox Run Management L.l.c.’s portfolio.

Nasdaq Inc opened for trading at $63.7 and hit $64.43 on the upside on Friday, eventually ending the session at $63.99, with a gain of 0.28% or 0.18 points. The heightened volatility saw the trading volume jump to 6,75,631 shares. Company has a market cap of $10,487 M.

Other Hedge Funds, Including , Cwm sold out all of its stake in NDAQ during the most recent quarter. The investment firm sold 19 shares of NDAQ which is valued $1,216. Boyd Watterson Asset Managementoh sold out all of its stake in NDAQ during the most recent quarter. The investment firm sold 3,549 shares of NDAQ which is valued $228,698.Daiwa Sb Investments Ltd. reduced its stake in NDAQ by selling 14,355 shares or 50.34% in the most recent quarter. The Hedge Fund company now holds 14,160 shares of NDAQ which is valued at $912,470. Nasdaq Inc makes up approx 0.23% of Daiwa Sb Investments Ltd.’s portfolio.Trust Co reduced its stake in NDAQ by selling 345 shares or 57.21% in the most recent quarter. The Hedge Fund company now holds 258 shares of NDAQ which is valued at $16,584. Nasdaq Inc makes up approx 0.01% of Trust Co’s portfolio.

On the company’s financial health, Nasdaq Inc reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.88. The company had revenue of $536.00 million for the quarter, compared to analysts expectations of $528.94 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Investors should note that on Mar 31, 2016, Nasdaq Inc announced a cash dividend of $0.3200. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 24, 2016.

Many Wall Street Analysts have commented on Nasdaq Inc. Company shares were Reiterated by UBS on Apr 15, 2016 to “Buy”, Firm has raised the Price Target to $ 75 from a previous price target of $74 .Company shares were Reiterated by RBC Capital Mkts on Apr 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 72 from a previous price target of $69 .Shares were Reiterated by Barclays on Apr 12, 2016 to “Overweight” and Lowered the Price Target to $ 70 from a previous price target of $71 .

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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