Lbp Am Sa Decreases Stake in Nasdaq, Inc. $NDAQ

Key Points

• Lbp Am Sa decreased its stake in Nasdaq, Inc. by 6.3%, holding 514,858 shares valued at $46 million after selling 34,835 shares in Q2.
• Multiple institutional investors have raised their holdings in Nasdaq, including Wealth Enhancement Advisory Services LLC (up 59.8%) and Fifth Third Wealth Advisors LLC (up 75.9%) in recent quarters.
• Analysts maintain a generally positive outlook for Nasdaq, with fourteen rating it as a Buy and a consensus price target of $97.06.

Lbp Am Sa reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 514,858 shares of the financial services provider's stock after selling 34,835 shares during the quarter. Lbp Am Sa owned about 0.09% of Nasdaq worth $46,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NDAQ. Wealth Enhancement Advisory Services LLC raised its position in shares of Nasdaq by 59.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,075 shares of the financial services provider's stock valued at $2,480,000 after purchasing an additional 12,000 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Nasdaq by 75.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,890 shares of the financial services provider's stock valued at $523,000 after purchasing an additional 2,974 shares during the last quarter. Rhumbline Advisers raised its position in shares of Nasdaq by 11.9% in the 1st quarter. Rhumbline Advisers now owns 943,283 shares of the financial services provider's stock valued at $71,557,000 after purchasing an additional 100,604 shares during the last quarter. Czech National Bank raised its position in shares of Nasdaq by 5.9% in the 1st quarter. Czech National Bank now owns 95,036 shares of the financial services provider's stock valued at $7,209,000 after purchasing an additional 5,310 shares during the last quarter. Finally, Fiduciary Alliance LLC raised its position in shares of Nasdaq by 60.3% in the 1st quarter. Fiduciary Alliance LLC now owns 21,036 shares of the financial services provider's stock valued at $1,596,000 after purchasing an additional 7,912 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Michelle Lynn Daly sold 8,691 shares of Nasdaq stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total value 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. This trade represents a 49.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction 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 completion of the sale, the executive vice president directly owned 92,551 shares in the company, valued at $8,837,694.99. This represents a 2.22% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of recent research reports. Citigroup reissued a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. The Goldman Sachs Group reissued a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Raymond James Financial reissued an "outperform" rating and set a $96.00 price target (up from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Morgan Stanley raised their price target on shares of Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada raised their price target on shares of Nasdaq from $95.00 to $108.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $97.06.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $88.45 on Wednesday. The stock has a market capitalization of $50.75 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 1.94 and a beta of 1.02. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63. The firm's 50 day simple moving average is $93.61 and its 200-day simple moving average is $85.27. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping 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 net margin of 18.59% and a return on equity of 15.90%. The business's revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. Analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq's dividend payout ratio (DPR) is presently 41.54%.

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.

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