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

Groupe la Francaise increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,516 shares of the financial services provider’s stock after buying 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 quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Independent Advisor Alliance increased its position in shares of Nasdaq by 2.6% during the fourth quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 117 shares during the period. Quantum Portfolio Management LLC boosted its holdings in Nasdaq by 1.8% in the first quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 123 shares during the period. Fielder Capital Group LLC boosted its holdings in Nasdaq by 3.1% in the fourth quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 137 shares during the period. Arkadios Wealth Advisors grew its stake in Nasdaq by 2.5% during the 1st quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 137 shares in the last quarter. Finally, AlphaCentric Advisors LLC grew its stake in Nasdaq by 5.9% during the 1st quarter. AlphaCentric Advisors LLC now owns 2,603 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 145 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Nelson Griggs sold 11,010 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the transaction, the insider directly owned 205,001 shares of the company’s stock, valued at $19,751,846.35. This trade represents a 5.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Ab Investor purchased 56,782 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the purchase, the insider directly owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 41,797 shares of company stock worth $3,926,319. Corporate insiders own 0.60% of the company’s stock.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $96.88 on Monday. 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 1 year low of $76.55 and a 1 year high of $101.79. The stock has a market cap of $54.15 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.69 and a beta of 0.97. The stock has a 50-day simple moving average of $92.89 and a 200-day simple moving average of $89.03.

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

Nasdaq Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NDAQ shares. Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Morgan Stanley reissued an “overweight” rating and set a $120.00 price objective on shares of Nasdaq in a research report on Friday, July 24th. Rothschild & Co Redburn set a $110.00 target price on shares of Nasdaq in a research note on Thursday, June 11th. TD Cowen reiterated a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Finally, Barclays reiterated an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $110.30.

Nasdaq 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.