Groupama Asset Managment Boosts Stock Position in Nasdaq, Inc. $NDAQ

Key Points

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Groupama Asset Managment increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 24.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,294 shares of the financial services provider's stock after purchasing an additional 22,701 shares during the quarter. Groupama Asset Managment's holdings in Nasdaq were worth $8,786,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vestcor Inc raised its holdings in shares of Nasdaq by 1.6% in the 1st quarter. Vestcor Inc now owns 8,825 shares of the financial services provider's stock worth $669,000 after purchasing an additional 141 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its holdings in Nasdaq by 1.0% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock worth $1,260,000 after purchasing an additional 157 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in Nasdaq by 7.1% in the 1st quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock worth $215,000 after purchasing an additional 187 shares during the period. Grove Bank & Trust grew its holdings in Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after buying an additional 216 shares in the last quarter. Finally, Compass Capital Corp MA ADV grew its holdings in Nasdaq by 1.4% during the 1st quarter. Compass Capital Corp MA ADV now owns 15,995 shares of the financial services provider's stock valued at $1,201,000 after buying an additional 216 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

NDAQ traded up $0.79 during trading on Friday, reaching $94.75. The stock had a trading volume of 2,038,358 shares, compared to its average volume of 3,088,078. The stock has a market cap of $54.37 billion, a PE ratio of 36.44, a PEG ratio of 2.06 and a beta of 1.00. 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 one year low of $64.84 and a one year high of $97.63. The business has a 50-day moving average of $91.63 and a 200-day moving average of $82.80.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm's revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq's dividend payout ratio is presently 41.54%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the sale, the executive vice president directly owned 111,035 shares in the company, valued at $9,867,680.45. This represents a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $93.45, for a total transaction of $812,173.95. Following the sale, the senior vice president owned 8,879 shares of the company's stock, valued at approximately $829,742.55. The trade was a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,409 shares of company stock valued at $2,887,839. Corporate insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NDAQ. Oppenheimer reaffirmed an "outperform" rating and set a $101.00 target price (up previously from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Citigroup reaffirmed a "neutral" rating on shares of Nasdaq in a report on Wednesday, July 9th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a report on Friday, July 25th. Royal Bank Of Canada upped their price target on shares of Nasdaq from $95.00 to $108.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $97.06.

About Nasdaq

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.