Flossbach Von Storch SE Makes New $70.30 Million Investment in Nasdaq, Inc. $NDAQ

Flossbach Von Storch SE bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 891,940 shares of the financial services provider's stock, valued at approximately $70,303,000. Flossbach Von Storch SE owned about 0.16% of Nasdaq as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NDAQ. MV Capital Management Inc. bought a new stake in shares of Nasdaq in the 4th quarter valued at about $28,000. Nemes Rush Group LLC bought a new stake in Nasdaq in the fourth quarter valued at $35,000. Uniplan Investment Counsel Inc. bought a new stake in Nasdaq in the fourth quarter valued at $35,000. Fideuram Asset Management Ireland dac purchased a new position in Nasdaq during the 4th quarter valued at $37,000. Finally, Signature Equity Partners LLC raised its holdings in Nasdaq by 60.3% in the 1st quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider's stock worth $40,000 after purchasing an additional 178 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nasdaq

In other news, insider Pc Nelson Griggs sold 11,010 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the completion of the transaction, the insider owned 205,001 shares in the company, valued at $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Ab Investor purchased 56,782 shares of the business's stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the acquisition, the insider directly owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 41,797 shares of company stock valued at $3,926,319. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NDAQ. Rothschild & Co Redburn set a $110.00 price target on shares of Nasdaq in a research note on Thursday, June 11th. Zacks Research raised Nasdaq from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Loop Capital set a $113.00 target price on Nasdaq in a research report on Friday, April 24th. Weiss Ratings restated a "buy (b)" rating on shares of Nasdaq in a research note on Monday, July 20th. Finally, Morgan Stanley restated an "overweight" rating and set a $120.00 target price on shares of Nasdaq in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Nasdaq currently has an average rating of "Buy" and a consensus price target of $110.30.

Nasdaq Stock Down 0.4%

NDAQ stock opened at $96.35 on Thursday. The company has a market cap of $53.86 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The business's 50-day moving average is $89.45 and its two-hundred day moving average is $87.96. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.79.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm's revenue was up 14.9% on a year-over-year basis. As a group, analysts forecast that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq's dividend payout ratio (DPR) is 36.15%.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world's leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.

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