Czech National Bank Has $9.04 Million Position in Nasdaq, Inc. $NDAQ

Key Points

• Czech National Bank increased its stake in Nasdaq, Inc. by 6.3% in the second quarter, owning a total of 101,041 shares valued at approximately $9.03 million.
• Several institutional investors significantly increased their holdings in Nasdaq during the first quarter, with Grove Bank & Trust raising their stake by 194.6%.
• Analyst upgrades have improved Nasdaq's price targets, with Royal Bank of Canada raising its target from $95.00 to $108.00 and 14 analysts giving the stock a Buy rating.

Czech National Bank grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,041 shares of the financial services provider's stock after acquiring an additional 6,005 shares during the quarter. Czech National Bank's holdings in Nasdaq were worth $9,035,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Grove Bank & Trust increased its holdings in shares of Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after acquiring an additional 216 shares in the last quarter. Highline Wealth Partners LLC boosted its position 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 worth $26,000 after buying an additional 317 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Nasdaq during the first quarter worth about $26,000. First Command Advisory Services Inc. acquired a new position in shares of Nasdaq during the first quarter worth about $30,000. Finally, AlphaQuest LLC acquired a new position in shares of Nasdaq during the first quarter worth about $34,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ traded up $0.70 during trading hours on Friday, reaching $89.57. 13,438,118 shares of the stock were exchanged, compared to its average volume of 3,357,591. The firm has a market capitalization of $51.39 billion, a price-to-earnings ratio of 34.45, a P/E/G ratio of 2.04 and a beta of 1.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63. The stock's fifty day simple moving average is $93.76 and its 200 day simple moving average is $84.44.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq's dividend payout ratio (DPR) is 41.54%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the transaction, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. This trade represents a 9.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michelle Lynn Daly sold 8,691 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the transaction, the senior vice president owned 8,879 shares in the company, valued at approximately $829,742.55. This trade represents a 49.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,409 shares of company stock worth $2,223,599. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NDAQ. Barclays upped their price objective on Nasdaq from $101.00 to $109.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Oppenheimer reaffirmed an "outperform" rating and set a $101.00 price objective (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Morgan Stanley upped their price objective on Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Citigroup reissued a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.06.

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.