Nasdaq, Inc. $NDAQ Shares Acquired by Groupe la Francaise

Groupe la Francaise lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,516 shares of the financial services provider’s stock after acquiring an additional 7,082 shares during the period. Groupe la Francaise’s holdings in Nasdaq were worth $10,924,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NDAQ. Fiduciary Financial Advisors acquired a new stake in Nasdaq during the 2nd quarter worth $25,000. MV Capital Management Inc. purchased a new position in Nasdaq during the 4th quarter worth $28,000. Nemes Rush Group LLC acquired a new position in Nasdaq in the fourth quarter valued at $35,000. Uniplan Investment Counsel Inc. purchased a new stake in shares of Nasdaq in the fourth quarter valued at about $35,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Nasdaq in the fourth quarter valued at about $37,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NDAQ. Keefe, Bruyette & Woods raised their price target on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Barclays reaffirmed an “overweight” rating and set a $111.00 price objective (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $113.00 price objective (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $120.00 target price on shares of Nasdaq in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq has a consensus rating of “Buy” and an average price target of $110.30.

Insiders Place Their Bets

In related news, insider Nelson Griggs sold 11,010 shares of Nasdaq stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the sale, the insider directly owned 205,001 shares in the company, valued at $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley Peterson sold 13,000 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the transaction, the executive vice president directly owned 128,293 shares in the company, valued at $11,881,214.73. This represents a 9.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 41,797 shares of company stock worth $3,926,319. Company insiders own 0.60% of the company’s stock.

Nasdaq Price Performance

NDAQ stock opened at $96.88 on Monday. The stock has a market capitalization of $54.15 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.69 and a beta of 0.97. The company has a fifty day moving average of $92.89 and a 200-day moving average of $89.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. Nasdaq, Inc. has a one year low of $76.55 and a one year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. As a group, analysts expect that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, September 11th. This represents a $1.24 annualized dividend and a yield of 1.3%. Nasdaq’s payout ratio is presently 36.15%.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.