Wealthtrust Fairport Lowers stake in Nasdaq Inc (NDAQ)

Nasdaq Inc (NDAQ) : Wealthtrust Fairport reduced its stake in Nasdaq Inc by 13.49% during the most recent quarter end. The investment management company now holds a total of 116,973 shares of Nasdaq Inc which is valued at $7,489,781 after selling 18,236 shares in Nasdaq Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.Nasdaq Inc makes up approximately 1.01% of Wealthtrust Fairport’s portfolio.

Other Hedge Funds, Including , Pillar Pacific Capital Management boosted its stake in NDAQ in the latest quarter, The investment management firm added 728 additional shares and now holds a total of 81,061 shares of Nasdaq Inc which is valued at $5,190,336. Nasdaq Inc makes up approx 0.90% of Pillar Pacific Capital Management’s portfolio. American Century Companies Inc added NDAQ to its portfolio by purchasing 253,397 company shares during the most recent quarter which is valued at $16,225,010. Nasdaq Inc makes up approx 0.02% of American Century Companies Inc’s portfolio.Kames Capital Plc reduced its stake in NDAQ by selling 8,940 shares or 29.88% in the most recent quarter. The Hedge Fund company now holds 20,981 shares of NDAQ which is valued at $1,294,738. Nasdaq Inc makes up approx 0.04% of Kames Capital Plc’s portfolio.First Midwest Bank Trust Division boosted its stake in NDAQ in the latest quarter, The investment management firm added 33,652 additional shares and now holds a total of 80,805 shares of Nasdaq Inc which is valued at $4,986,477. Nasdaq Inc makes up approx 0.65% of First Midwest Bank Trust Division’s portfolio.

Nasdaq Inc opened for trading at $64.33 and hit $64.64 on the upside on Tuesday, eventually ending the session at $64.59, with a gain of 0.14% or 0.09 points. The heightened volatility saw the trading volume jump to 11,40,930 shares. Company has a market cap of $10,626 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. 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 .Buckingham Research Initiated Nasdaq Inc on Apr 27, 2016 to “Buy”, Price Target of the shares are set at $73.

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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