Miles Capital Lowers stake in Nasdaq Inc (NDAQ)

Nasdaq Inc (NDAQ) : Miles Capital reduced its stake in Nasdaq Inc by 0.61% during the most recent quarter end. The investment management company now holds a total of 21,978 shares of Nasdaq Inc which is valued at $1.4 Million after selling 135 shares in Nasdaq Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Nasdaq Inc makes up approximately 0.94% of Miles Capital’s portfolio.

Other Hedge Funds, Including , Park Avenue Institutional Advisers reduced its stake in NDAQ by selling 20 shares or 2.68% in the most recent quarter. The Hedge Fund company now holds 725 shares of NDAQ which is valued at $46,168. Nasdaq Inc makes up approx 0.04% of Park Avenue Institutional Advisers’s portfolio. Allegis Investment Advisors sold out all of its stake in NDAQ during the most recent quarter. The investment firm sold 105 shares of NDAQ which is valued $6,686. Pacad Investment Ltd. added NDAQ to its portfolio by purchasing 5,510 company shares during the most recent quarter which is valued at $352,805. Nasdaq Inc makes up approx 0.04% of Pacad Investment Ltd.’s portfolio.Smith Asset Management Group Lp boosted its stake in NDAQ in the latest quarter, The investment management firm added 340 additional shares and now holds a total of 696 shares of Nasdaq Inc which is valued at $44,565.Burney Co reduced its stake in NDAQ by selling 26,160 shares or 18.68% in the most recent quarter. The Hedge Fund company now holds 113,885 shares of NDAQ which is valued at $7.3 Million. Nasdaq Inc makes up approx 0.54% of Burney Co’s portfolio.

Nasdaq Inc opened for trading at $63.41 and hit $64 on the upside on Friday, eventually ending the session at $63.62, with a gain of 0.92% or 0.58 points. The heightened volatility saw the trading volume jump to 5,65,296 shares. Company has a market cap of $10,466,444 M.

On the company’s financial health, Nasdaq Inc reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.89. The company had revenue of $534.00 million for the quarter, compared to analysts expectations of $535.83 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 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. Sterne Agee CRT Initiated Nasdaq Inc on May 20, 2016 to “Buy”, Price Target of the shares are set at $76.Company shares were Reiterated by UBS on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 75 from a previous price target of $74 .Company shares were Reiterated by Barclays on Apr 28, 2016 to “Overweight”, Firm has raised the Price Target to $ 71 from a previous price target of $70 .

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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