Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,455,266 shares of the financial services provider's stock after buying an additional 15,453 shares during the quarter. Nasdaq makes up 2.5% of Union Bancaire Privee UBP SA's investment portfolio, making the stock its 11th largest holding. Union Bancaire Privee UBP SA owned approximately 0.25% of Nasdaq worth $107,834,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Allworth Financial LP raised its holdings in shares of Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 141 shares during the period. Crestwood Advisors Group LLC boosted its position in shares of Nasdaq by 4.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock worth $295,000 after acquiring an additional 152 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its position in Nasdaq by 1.0% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock valued at $1,260,000 after buying an additional 157 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Nasdaq by 4.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock valued at $317,000 after buying an additional 164 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Nasdaq by 7.1% during the first 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. Institutional investors and hedge funds own 72.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NDAQ shares. Oppenheimer dropped their price objective on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Bank of America increased their target price on Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Barclays lowered their price objective on shares of Nasdaq from $86.00 to $84.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Finally, Wall Street Zen raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $86.50.

Insider Activity

In related news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at $4,398,253.92. This trade represents a 20.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president now directly owns 61,980 shares of the company's stock, valued at approximately $4,450,783.80. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,616 shares of company stock valued at $1,813,598. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Performance

Shares of NDAQ stock traded up $0.11 during trading on Thursday, reaching $86.90. 2,886,739 shares of the company's stock traded hands, compared to its average volume of 2,972,928. The firm's 50-day moving average is $77.96 and its 200 day moving average is $78.57. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $49.89 billion, a P/E ratio of 45.26, a PEG ratio of 2.12 and a beta of 1.00. Nasdaq, Inc. has a 1 year low of $58.28 and a 1 year high of $87.65.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the company posted $0.63 EPS. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.27 per share. This is an increase from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.24%. Nasdaq's dividend payout ratio is presently 49.09%.

Nasdaq 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.