BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Stock Position in Nasdaq, Inc. $NDAQ

Key Points

• BNP PARIBAS ASSET MANAGEMENT increased its stake in Nasdaq, Inc. by 2.4% in Q1, acquiring a total of 333,936 shares valued at approximately $25.3 million.
• Nasdaq recently reported an EPS of $0.85, exceeding analysts' estimates, and its revenue rose by 12.7% year-over-year, totaling $1.31 billion during the quarter.
• The company declared a quarterly dividend of $0.27 per share, which will be paid on September 26th, representing an annual yield of 1.1%.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,936 shares of the financial services provider's stock after buying an additional 7,982 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.06% of Nasdaq worth $25,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of NDAQ. Grove Bank & Trust grew its holdings in Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 216 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Nasdaq during the first quarter valued at approximately $26,000. Highline Wealth Partners LLC grew its stake in shares of Nasdaq by 1,509.5% during the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after buying an additional 317 shares during the last quarter. First Command Advisory Services Inc. bought a new position in shares of Nasdaq during the first quarter valued at approximately $30,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Nasdaq in the fourth quarter worth approximately $37,000. Institutional investors own 72.47% of the company's stock.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the sale, the executive vice president owned 92,551 shares of the company's stock, valued at $8,837,694.99. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total transaction of $664,240.00. Following the transaction, the insider directly owned 211,405 shares of the company's stock, valued at $17,552,957.15. This represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,409 shares of company stock valued at $2,887,839 over the last three months. Company insiders own 0.70% of the company's stock.

Nasdaq Trading Down 0.8%

Nasdaq stock opened at $94.68 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $54.33 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 2.08 and a beta of 1.00. The stock has a 50-day moving average of $90.82 and a two-hundred day moving average of $82.38. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period last year, the business earned $0.69 EPS. Nasdaq's revenue for the quarter was up 12.7% on a year-over-year basis. On average, research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq's payout ratio is presently 41.54%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. Raymond James Financial reaffirmed an "outperform" rating and issued a $96.00 price target (up previously from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Piper Sandler lifted their price objective on shares of Nasdaq from $97.00 to $104.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, UBS Group upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and upped their target price for the stock from $95.00 to $115.00 in a research note on Friday, July 25th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $97.06.

Nasdaq 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.

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