Nasdaq, Inc. $NDAQ Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 605,770 shares of the financial services provider’s stock after selling 42,273 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Nasdaq worth $54,168,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Bruce G. Allen Investments LLC raised its position in Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 120 shares in the last quarter. Access Investment Management LLC acquired a new stake in shares of Nasdaq during the 2nd quarter worth approximately $28,000. CVA Family Office LLC increased its holdings in shares of Nasdaq by 137.4% during the 2nd quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 213 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Nasdaq in the 1st quarter valued at $34,000. Finally, Bayforest Capital Ltd acquired a new position in shares of Nasdaq in the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several analyst reports. Cowen restated a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. TD Cowen raised their target price on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Morgan Stanley set a $90.00 price target on Nasdaq and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Keefe, Bruyette & Woods upped their price target on Nasdaq from $103.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a report on Thursday, October 9th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.67.

Nasdaq Price Performance

Shares of NASDAQ NDAQ traded up $0.00 during midday trading on Monday, hitting $87.08. The stock had a trading volume of 102,300 shares, compared to its average volume of 3,287,563. The company has a market capitalization of $49.72 billion, a PE ratio of 31.09, a P/E/G ratio of 1.79 and a beta of 0.98. The stock has a 50 day simple moving average of $88.99 and a 200-day simple moving average of $88.75. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $97.63. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. On average, sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s dividend payout ratio is 38.57%.

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the transaction, the executive vice president directly owned 84,974 shares in the company, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.