Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by GAM Holding AG

GAM Holding AG boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 23.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,044 shares of the financial services provider’s stock after purchasing an additional 16,069 shares during the quarter. GAM Holding AG’s holdings in Nasdaq were worth $6,376,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NDAQ. Grove Bank & Trust raised its stake in Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 216 shares during the last quarter. Rakuten Securities Inc. acquired a new position in Nasdaq in the 4th quarter valued at $26,000. Highline Wealth Partners LLC raised its stake in Nasdaq by 1,509.5% in the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Nasdaq in the 1st quarter valued at $26,000. Finally, Kestra Investment Management LLC purchased a new stake in Nasdaq in the 4th quarter valued at $33,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Nasdaq Stock Down 0.3%

NASDAQ:NDAQ opened at $86.10 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average is $80.31 and its two-hundred day moving average is $78.76. Nasdaq, Inc. has a 52 week low of $58.76 and a 52 week high of $87.50. The stock has a market capitalization of $49.43 billion, a price-to-earnings ratio of 39.14, a price-to-earnings-growth ratio of 2.23 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $0.63 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.25%. This is a boost from Nasdaq’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq’s dividend payout ratio (DPR) is 49.09%.

Wall Street Analyst Weigh In

NDAQ has been the subject of several analyst reports. Bank of America upped their target price on Nasdaq from $103.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. UBS Group restated a “cautious” rating on shares of Nasdaq in a report on Monday, April 28th. Barclays dropped their target price on Nasdaq from $86.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Keefe, Bruyette & Woods upped their target price on Nasdaq from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Finally, Morgan Stanley cut Nasdaq from an “overweight” rating to an “equal weight” rating and set a $74.00 target price for the company. in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.19.

Insider Activity at Nasdaq

In other news, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the transaction, the insider now owns 211,405 shares in the company, valued at approximately $17,552,957.15. This trade represents a 3.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bryan Everard Smith sold 657 shares of Nasdaq stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total value of $47,179.17. Following the completion of the transaction, the executive vice president now owns 61,980 shares of the company’s stock, valued at $4,450,783.80. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

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.