94,245 Shares in Nasdaq, Inc. $NDAQ Purchased by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond de Rothschild Holding acquired 94,245 Nasdaq shares valued at approximately $7.43 million, while institutional investors collectively own 72.47% of the company.
• Nasdaq reported quarterly EPS of $1.07, beating estimates by $0.09, as revenue rose 14.9% year over year to $2.53 billion. Analysts maintain a consensus “Buy” rating with an average price target of $110.30.
• Nasdaq declared a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and a 1.3% yield; recent insider activity included a major-shareholder purchase but net insider selling over the past 90 days.

Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 94,245 shares of the financial services provider's stock, valued at approximately $7,428,000.

Several other large investors have also bought and sold shares of the company. NBC Securities Inc. raised its position in shares of 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 acquiring an additional 111 shares in the last quarter. Independent Advisor Alliance grew its stake in Nasdaq by 2.6% in the fourth quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider's stock worth $444,000 after purchasing an additional 117 shares during the period. Quantum Portfolio Management LLC raised 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 worth $606,000 after purchasing an additional 123 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its position in Nasdaq by 5.2% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,713 shares of the financial services provider's stock valued at $264,000 after buying an additional 133 shares during the period. Finally, Fielder Capital Group LLC boosted 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 valued at $444,000 after buying an additional 137 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Insider Activity

In other Nasdaq news, major shareholder Ab Investor acquired 56,782 shares of Nasdaq stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the acquisition, the insider owned 58,439,208 shares of the company's stock, valued at $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 13,000 shares of the business's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the transaction, the executive vice president directly owned 128,293 shares of the company's stock, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their position. Additional details regarding this sale 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. 0.60% of the stock is currently owned by corporate insiders.

Nasdaq Price Performance

Shares of NDAQ opened at $96.35 on Thursday. The company has a market capitalization of $53.86 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $89.45 and a 200 day moving average of $87.96. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm's quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq's dividend payout ratio is presently 36.15%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NDAQ. Morgan Stanley restated an "overweight" rating and issued a $120.00 price target on shares of Nasdaq in a research note on Friday, July 24th. Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a report on Sunday, May 3rd. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research note on Thursday, June 11th. Weiss Ratings restated a "buy (b)" rating on shares of Nasdaq in a report on Monday, July 20th. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $92.00 to $102.00 and gave the stock a "market perform" rating in a research report on Friday, July 24th. Two investment 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 company. According to MarketBeat.com, the company has a consensus 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.

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