Nasdaq, Inc. $NDAQ Holdings Raised by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. has increased its stake in Nasdaq, Inc. by 21.0% during the second quarter, now holding approximately 775,967 shares worth about $69.39 million.
• Nasdaq reported $0.85 earnings per share for the last quarter, exceeding analysts' expectations of $0.78, alongside a revenue of $1.31 billion.
• The company announced a quarterly dividend of $0.27 per share, which represents an annualized dividend of $1.08 and a yield of 1.2%.

Robeco Institutional Asset Management B.V. grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 21.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 775,967 shares of the financial services provider's stock after purchasing an additional 134,766 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.14% of Nasdaq worth $69,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grove Bank & Trust raised its holdings in shares of 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 purchasing an additional 216 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of Nasdaq by 72.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Nasdaq during the 1st quarter valued at $26,000. Highline Wealth Partners LLC raised its holdings 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. Finally, First Command Advisory Services Inc. bought a new position in shares of Nasdaq during the 1st quarter valued at $30,000. Institutional investors own 72.47% of the company's stock.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $87.34 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $50.11 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 1.90 and a beta of 0.98. The company's fifty day moving average is $93.46 and its two-hundred day moving average is $85.37. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $97.63.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. The company 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 business's quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. Equities research analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, September 12th. Nasdaq's payout ratio is 41.54%.

Insider Activity

In other news, SVP Michelle Lynn Daly sold 8,691 shares of Nasdaq 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 directly owned 8,879 shares in the company, valued at approximately $829,742.55. The trade was a 49.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the sale, the executive vice president owned 92,551 shares in the company, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NDAQ has been the topic of a number of recent research reports. Raymond James Financial restated an "outperform" rating and set a $96.00 price target (up previously from $84.00) on shares of Nasdaq in a report on Wednesday, July 9th. Morgan Stanley set a $90.00 target price on shares of Nasdaq and gave the stock an "equal weight" rating in a report on Wednesday. The Goldman Sachs Group reiterated a "buy" rating on shares of Nasdaq in a report on Friday, July 25th. Royal Bank Of Canada lifted their target price 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, Piper Sandler lifted their target price on shares of 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $97.31.

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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