DekaBank Deutsche Girozentrale Reduces Stake in Nasdaq, Inc. $NDAQ

DekaBank Deutsche Girozentrale trimmed its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 19.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,422 shares of the financial services provider's stock after selling 26,531 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Nasdaq were worth $9,846,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDAQ. Bruce G. Allen Investments LLC boosted its stake in Nasdaq by 72.7% in 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 during the last quarter. First Command Advisory Services Inc. purchased a new position in Nasdaq in the first quarter valued at about $30,000. AlphaQuest LLC purchased a new position in Nasdaq in the first quarter valued at about $34,000. Bayforest Capital Ltd purchased a new position in Nasdaq in the second quarter valued at about $37,000. Finally, Olde Wealth Management LLC purchased a new position in Nasdaq in the first quarter valued at about $40,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Performance

Nasdaq stock opened at $88.82 on Friday. The firm's 50 day simple moving average is $91.35 and its 200 day simple moving average is $86.80. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $50.96 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. Nasdaq's revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 EPS. As a group, analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq's dividend payout ratio is 41.54%.

Insiders Place Their Bets

In related news, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the sale, the executive vice president owned 92,551 shares of the company's stock, valued at approximately $8,837,694.99. This represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several research reports. Morgan Stanley set a $90.00 price target on shares of Nasdaq and gave the company an "equal weight" rating in a research report on Wednesday, October 1st. Cowen reissued a "hold" rating on shares of Nasdaq in a research report on Wednesday. Barclays set a $109.00 price target on shares of Nasdaq and gave the company an "overweight" rating in a research report on Wednesday. Oppenheimer reissued an "outperform" rating and issued a $101.00 price target (up previously from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $98.56.

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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