Groupe la Francaise Buys 7,819 Shares of Nasdaq, Inc. $NDAQ

Key Points

• Groupe la Francaise increased its stake in Nasdaq, Inc. by 15.1% during the first quarter, now owning 59,451 shares valued at approximately $4.54 million.
• Nasdaq reported a quarterly earnings per share of $0.85, exceeding analysts' estimates of $0.78, while its revenue for the quarter reached $1.31 billion.
• The company announced a quarterly dividend of $0.27 per share, which represents an annualized dividend yield of 1.1%.

Groupe la Francaise raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 15.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,451 shares of the financial services provider's stock after purchasing an additional 7,819 shares during the period. Groupe la Francaise's holdings in Nasdaq were worth $4,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Sax Wealth Advisors LLC lifted its position in Nasdaq by 0.5% during the 1st quarter. Sax Wealth Advisors LLC now owns 30,082 shares of the financial services provider's stock valued at $2,282,000 after purchasing an additional 144 shares during the period. AlphaQuest LLC bought a new stake in Nasdaq in the first quarter valued at about $34,000. Norinchukin Bank The lifted its stake in Nasdaq by 15.4% in the first quarter. Norinchukin Bank The now owns 21,629 shares of the financial services provider's stock valued at $1,641,000 after buying an additional 2,879 shares during the period. CW Advisors LLC boosted its holdings in Nasdaq by 183.9% during the first quarter. CW Advisors LLC now owns 21,191 shares of the financial services provider's stock worth $1,608,000 after buying an additional 13,727 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Nasdaq by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 594,149 shares of the financial services provider's stock worth $45,073,000 after buying an additional 5,114 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the transaction, the executive vice president directly owned 92,551 shares of the company's stock, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the firm's stock in a transaction on 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 transaction, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. This represents a 9.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,409 shares of company stock valued at $2,223,599 in the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Stock Down 0.1%

NASDAQ NDAQ traded down $0.06 during trading hours on Wednesday, reaching $94.84. 1,966,235 shares of the company's stock were exchanged, compared to its average volume of 3,272,261. The company's 50-day moving average is $91.96 and its two-hundred day moving average is $82.95. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $54.42 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business's quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. On average, analysts forecast 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. Stockholders of record on Friday, September 12th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is currently 41.54%.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of analyst reports. Morgan Stanley increased their price target on shares of Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a report on Wednesday, July 9th. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. UBS Group raised Nasdaq from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $95.00 to $115.00 in a research note on Friday, July 25th. Finally, Piper Sandler lifted their target price on Nasdaq from $97.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $97.06.

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.