DekaBank Deutsche Girozentrale Increases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

DekaBank Deutsche Girozentrale lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,953 shares of the financial services provider's stock after purchasing an additional 26,531 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Nasdaq were worth $10,154,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NDAQ. Proficio Capital Partners LLC purchased a new position in shares of Nasdaq in the fourth quarter worth about $8,791,000. Larson Financial Group LLC raised its stake in shares of Nasdaq by 65.4% in the fourth quarter. Larson Financial Group LLC now owns 612 shares of the financial services provider's stock worth $47,000 after purchasing an additional 242 shares during the last quarter. Independent Advisor Alliance raised its stake in shares of Nasdaq by 31.6% in the fourth quarter. Independent Advisor Alliance now owns 4,488 shares of the financial services provider's stock worth $347,000 after purchasing an additional 1,078 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Nasdaq by 3.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 52,724 shares of the financial services provider's stock worth $4,076,000 after purchasing an additional 1,862 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Nasdaq by 72.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,706 shares of the financial services provider's stock valued at $286,000 after acquiring an additional 1,562 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $90.73 on Friday. The stock's fifty day moving average is $84.62 and its two-hundred day moving average is $79.67. The firm has a market capitalization of $52.09 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. Nasdaq, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $90.84.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.27 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.19%. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's payout ratio is currently 49.09%.

Wall Street Analyst Weigh In

NDAQ has been the subject of several recent research reports. Oppenheimer set a $96.00 price target on Nasdaq and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a research report on Wednesday. Bank of America lifted their price target on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Redburn Atlantic raised Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective on the stock in a report on Thursday, April 17th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $96.00 price objective (up from $84.00) on shares of Nasdaq in a report on Wednesday. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.69.

Insider Activity at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $89.17, for a total value of $187,702.85. Following the sale, the executive vice president owned 94,656 shares in the company, valued at approximately $8,440,475.52. The trade was a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the sale, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. This represents a 9.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,613 shares of company stock worth $1,874,659. 0.70% of the stock is currently owned by company insiders.

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.

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