Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG significantly increased its stake in Nasdaq, Inc. by 3,983.7%, acquiring 181,600 shares valued at approximately $13.6 million during the first quarter.
• Analysts have mixed views on Nasdaq's stock, with Barclays raising its price target to $109 and UBS Group upgrading its rating to buy, while Piper Sandler downgraded the stock from overweight to neutral.
• Nasdaq reported strong quarterly earnings with an EPS of $0.85, exceeding estimates, and announced a quarterly dividend of $0.27, reflecting a dividend yield of 1.1%.

Raiffeisen Bank International AG raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 3,983.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,600 shares of the financial services provider's stock after buying an additional 177,153 shares during the period. Raiffeisen Bank International AG's holdings in Nasdaq were worth $13,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NDAQ. Grove Bank & Trust grew its holdings in 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 acquiring an additional 216 shares during the period. Highline Wealth Partners LLC boosted its position in shares of Nasdaq by 1,509.5% during the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 317 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Nasdaq in the 1st quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new stake in shares of Nasdaq in the 1st quarter worth approximately $30,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Nasdaq during the fourth quarter valued at approximately $37,000. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 11,508 shares of the 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michelle Lynn Daly sold 8,691 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the sale, the senior vice president directly owned 8,879 shares of the company's stock, valued at $829,742.55. This represents a 49.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,304 shares of company stock worth $2,686,833 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on NDAQ. Barclays upped their price target on Nasdaq from $101.00 to $109.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Morgan Stanley upped their target price on Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Raymond James Financial reiterated an "outperform" rating and issued a $96.00 price target (up previously from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. UBS Group upgraded Nasdaq from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $95.00 to $115.00 in a report on Friday, July 25th. Finally, Piper Sandler cut shares of Nasdaq from an "overweight" rating to a "neutral" rating in a report on Thursday. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.63.

Nasdaq Stock Down 1.1%

NDAQ opened at $95.17 on Friday. The company has a market capitalization of $54.61 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.98. Nasdaq, Inc. has a fifty-two week low of $64.33 and a fifty-two week high of $97.07. The business has a 50-day moving average of $88.29 and a 200-day moving average of $81.28.

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

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.27 dividend. 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 payout ratio is presently 41.54%.

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.

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