Nasdaq, Inc. $NDAQ Shares Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 10.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 447,961 shares of the financial services provider’s stock after acquiring an additional 42,740 shares during the quarter. Raiffeisen Bank International AG’s holdings in Nasdaq were worth $39,739,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NDAQ. Paradigm Asset Management Co. LLC acquired a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $1,511,000. Mirae Asset Global Investments Co. Ltd. raised its position in Nasdaq by 41.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,090 shares of the financial services provider’s stock worth $6,819,000 after acquiring an additional 22,685 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Nasdaq by 9.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 800,654 shares of the financial services provider’s stock worth $71,594,000 after acquiring an additional 72,032 shares in the last quarter. Swedbank AB lifted its holdings in Nasdaq by 74.4% in the third quarter. Swedbank AB now owns 82,068 shares of the financial services provider’s stock valued at $7,259,000 after acquiring an additional 35,015 shares during the period. Finally, Cibc World Market Inc. boosted its position in shares of Nasdaq by 162.1% during the 3rd quarter. Cibc World Market Inc. now owns 25,447 shares of the financial services provider’s stock worth $2,251,000 after purchasing an additional 15,739 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insiders Place Their Bets

In other Nasdaq news, CEO Adena T. Friedman sold 300,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $96.91, for a total value of $29,073,000.00. Following the transaction, the chief executive officer directly owned 1,924,903 shares in the company, valued at approximately $186,542,349.73. This represents a 13.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the sale, the executive vice president directly owned 125,674 shares in the company, valued at $12,568,656.74. This represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 604,500 shares of company stock worth $58,440,045. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NDAQ shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a report on Friday, January 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research report on Friday, January 9th. Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up from $114.00) on shares of Nasdaq in a report on Friday, January 30th. JPMorgan Chase & Co. boosted their price target on Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Finally, UBS Group reaffirmed a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Nasdaq in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.13.

Nasdaq Stock Up 0.6%

NDAQ stock opened at $81.87 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50 day simple moving average is $93.76 and its 200-day simple moving average is $91.70. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $101.79. The firm has a market capitalization of $46.54 billion, a PE ratio of 26.50, a P/E/G ratio of 1.34 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.Nasdaq’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. Equities analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, March 16th. Nasdaq’s dividend payout ratio is currently 34.95%.

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.