Raiffeisen Bank International AG grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 14.1% during the 4th quarter, HoldingsChannel reports. The fund owned 511,176 shares of the financial services provider’s stock after purchasing an additional 63,215 shares during the quarter. Raiffeisen Bank International AG’s holdings in Nasdaq were worth $50,187,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Legal & General Group Plc lifted its holdings in shares of Nasdaq by 1.6% during the fourth quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock valued at $277,329,000 after purchasing an additional 45,783 shares in the last quarter. M&T Bank Corp grew its position in shares of Nasdaq by 27.5% during the 4th quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock valued at $5,933,000 after acquiring an additional 13,160 shares during the period. Advisors Preferred LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $4,872,000. AlphaCore Capital LLC bought a new stake in shares of Nasdaq during the 4th quarter valued at $1,245,000. Finally, Intech Investment Management LLC grew its position in shares of Nasdaq by 129.2% during the 3rd quarter. Intech Investment Management LLC now owns 55,134 shares of the financial services provider’s stock valued at $4,877,000 after acquiring an additional 31,081 shares during the period. 72.47% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have commented on NDAQ. Raymond James Financial restated an “outperform” rating and issued a $109.00 price target on shares of Nasdaq in a research report on Wednesday, February 25th. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Rothschild & Co Redburn set a $110.00 price objective on Nasdaq in a research note on Thursday. Loop Capital set a $113.00 price objective on Nasdaq in a research note on Friday, April 24th. Finally, Barclays raised their price objective on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.36.
Nasdaq Stock Performance
NASDAQ:NDAQ opened at $86.74 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a 12-month low of $77.09 and a 12-month high of $101.79. The stock has a 50-day moving average price of $88.80 and a 200 day moving average price of $90.10. The stock has a market capitalization of $49.05 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.73 and a beta of 0.97.
Nasdaq (NASDAQ:NDAQ – Get Free Report) last released its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business posted $0.79 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. Equities research analysts forecast that Nasdaq, Inc. will post 3.86 EPS for the current fiscal year.
Nasdaq Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s dividend payout ratio is 32.53%.
Insiders Place Their Bets
In related news, EVP Bradley J. Peterson sold 7,710 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total transaction of $700,222.20. Following the completion of the sale, the executive vice president directly owned 141,035 shares of the company’s stock, valued at approximately $12,808,798.70. This trade represents a 5.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cohen Tal sold 15,518 shares of Nasdaq stock in a transaction on Monday, April 27th. The shares were sold at an average price of $90.75, for a total value of $1,408,258.50. Following the sale, the insider directly owned 215,208 shares of the company’s stock, valued at approximately $19,530,126. This trade represents a 6.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 138,162 shares of company stock valued at $11,932,913 over the last quarter. 0.60% of the stock is currently owned by insiders.
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.
Featured Articles
- Five stocks we like better than Nasdaq
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq, Inc. (NASDAQ:NDAQ – Free Report).
Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.
