Raiffeisen Bank International AG Grows Position in Nasdaq, Inc. $NDAQ

Raiffeisen Bank International AG grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 123.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 405,221 shares of the financial services provider’s stock after buying an additional 223,621 shares during the period. Raiffeisen Bank International AG owned 0.07% of Nasdaq worth $35,680,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC increased its holdings in shares of Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Access Investment Management LLC purchased a new stake in Nasdaq in the second quarter valued at approximately $28,000. CVA Family Office LLC increased its holdings in Nasdaq by 137.4% in the 2nd quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock worth $33,000 after buying an additional 213 shares during the period. AlphaQuest LLC acquired a new position in Nasdaq in the 1st quarter worth approximately $34,000. Finally, Bayforest Capital Ltd purchased a new position in Nasdaq during the 2nd quarter worth approximately $37,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on NDAQ shares. TD Cowen upped their price objective on shares of Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a report on Friday, July 25th. Royal Bank Of Canada reiterated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research note on Thursday, October 9th. Finally, Morgan Stanley set a $90.00 price objective on Nasdaq and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and a consensus target price of $99.67.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the transaction, the executive vice president owned 84,974 shares in the company, valued at $7,256,779.60. This represents a 2.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Down 0.4%

NDAQ opened at $87.08 on Monday. The company has a fifty day moving average of $88.99 and a two-hundred day moving average of $88.75. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63. The stock has a market capitalization of $49.72 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.79 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $0.74 EPS. Nasdaq’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a $0.27 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is 38.57%.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.