Nasdaq, Inc. (NASDAQ:NDAQ) Stake Boosted by Flossbach Von Storch SE

Flossbach Von Storch SE raised its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,158,977 shares of the financial services provider's stock after buying an additional 41,876 shares during the period. Flossbach Von Storch SE owned about 0.20% of Nasdaq worth $87,920,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust boosted its position in shares of Nasdaq by 194.6% during the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after buying an additional 216 shares during the period. 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 worth $26,000 after purchasing an additional 317 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of Nasdaq during the fourth quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in Nasdaq in the first quarter valued at $26,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Nasdaq in the fourth quarter valued at $37,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total transaction of $187,702.85. Following the sale, the executive vice president owned 94,656 shares of the company's stock, valued at $8,440,475.52. The trade was a 2.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of Nasdaq 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 sale, the executive vice president directly owned 111,035 shares in the company, valued at $9,867,680.45. This trade 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 valued at $1,874,659. Company insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NDAQ. Wall Street Zen upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. The Goldman Sachs Group increased their price objective on shares of Nasdaq from $85.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Citigroup reaffirmed a "neutral" rating on shares of Nasdaq in a research note on Wednesday. Royal Bank Of Canada reissued an "outperform" rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, April 10th. Finally, Piper Sandler increased their price objective on Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Nasdaq presently has an average rating of "Moderate Buy" and a consensus target price of $88.81.

Nasdaq Trading Up 1.4%

Shares of NDAQ traded up $1.24 during mid-day trading on Wednesday, reaching $89.83. The company had a trading volume of 2,231,166 shares, compared to its average volume of 3,067,336. The stock has a market cap of $51.57 billion, a price-to-earnings ratio of 40.83, a price-to-earnings-growth ratio of 2.33 and a beta of 1.01. The firm has a fifty day simple moving average of $84.05 and a 200-day simple moving average of $79.51. Nasdaq, Inc. has a fifty-two week low of $60.46 and a fifty-two week high of $90.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77.

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

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

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.