Groupama Asset Managment reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 30.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 45,399 shares of the financial services provider’s stock after selling 19,779 shares during the quarter. Groupama Asset Managment’s holdings in Nasdaq were worth $3,854,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its stake in Nasdaq by 7.8% in the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock worth $149,000 after buying an additional 111 shares during the last quarter. Independent Advisor Alliance increased its stake in shares of Nasdaq by 2.6% during the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 117 shares during the last quarter. Quantum Portfolio Management LLC increased its stake in shares of Nasdaq by 1.8% during the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after acquiring an additional 123 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Nasdaq by 5.2% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,713 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 133 shares during the period. Finally, Fielder Capital Group LLC lifted its holdings in shares of Nasdaq by 3.1% during the 4th quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 137 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.
Nasdaq Stock Performance
Nasdaq stock opened at $94.19 on Friday. The stock’s 50-day moving average is $87.81 and its 200-day moving average is $88.36. The company has a market cap of $52.65 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79.
Nasdaq Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors 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 yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is presently 36.15%.
Insider Buying and Selling at Nasdaq
In other Nasdaq news, EVP Bradley J. Peterson sold 13,000 shares of Nasdaq stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the transaction, the executive vice president directly owned 128,293 shares of the company’s stock, valued at $11,881,214.73. The trade was a 9.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ab Investor acquired 56,782 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the completion of the purchase, the insider owned 58,439,208 shares of the company’s stock, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 41,797 shares of company stock valued at $3,926,319 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on NDAQ shares. TD Cowen reissued a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. Keefe, Bruyette & Woods increased their price target on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Raymond James Financial reiterated an “outperform” rating and issued a $113.00 price target (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Finally, Morgan Stanley reissued an “overweight” rating and set a $120.00 price objective on shares of Nasdaq in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Nasdaq currently has an average rating of “Buy” and an average target price of $109.73.
Check Out Our Latest Analysis on NDAQ
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.
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