Alpenglow Capital Lp adds Nasdaq Inc (NDAQ) to its portfolio

Nasdaq Inc (NDAQ) : Alpenglow Capital Lp added new position in Nasdaq Inc during the most recent quarter end. The investment management firm now holds 30,300 shares of Nasdaq Inc which is valued at $2,125,545 , the company said in a statement filed on Aug 15, 2016 with the SEC.Nasdaq Inc makes up approximately 3.65% of Alpenglow Capital Lp’s portfolio.

Other Hedge Funds, Including , Landscape Capital Management L.l.c. sold out all of its stake in NDAQ during the most recent quarter. The investment firm sold 16,000 shares of NDAQ which is valued $1,122,400.State Treasurer State Of Michigan boosted its stake in NDAQ in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 39,995 shares of Nasdaq Inc which is valued at $2,860,842. Nasdaq Inc makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in NDAQ by selling 25,469 shares or 37.03% in the most recent quarter. The Hedge Fund company now holds 43,312 shares of NDAQ which is valued at $3,064,757. Nasdaq Inc makes up approx 0.09% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Tealwood Asset Management Inc boosted its stake in NDAQ in the latest quarter, The investment management firm added 1,550 additional shares and now holds a total of 47,703 shares of Nasdaq Inc which is valued at $3,375,464. Nasdaq Inc makes up approx 1.45% of Tealwood Asset Management Inc’s portfolio.Huntington National Bank reduced its stake in NDAQ by selling 311 shares or 80.99% in the most recent quarter. The Hedge Fund company now holds 73 shares of NDAQ which is valued at $5,171.

Nasdaq Inc opened for trading at $71.23 and hit $71.74 on the upside on Thursday, eventually ending the session at $71.64, with a gain of 0.60% or 0.43 points. The heightened volatility saw the trading volume jump to 5,75,611 shares. Company has a market cap of $11,853 M.

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 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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