Flossbach Von Storch AG Acquires 47,440 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Flossbach Von Storch AG increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 843,383 shares of the financial services provider's stock after acquiring an additional 47,440 shares during the quarter. Flossbach Von Storch AG owned about 0.15% of Nasdaq worth $49,034,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NDAQ. Waterfront Wealth Inc. increased its holdings in Nasdaq by 3.1% in the 4th quarter. Waterfront Wealth Inc. now owns 13,702 shares of the financial services provider's stock valued at $797,000 after buying an additional 415 shares during the period. Daiwa Securities Group Inc. increased its holdings in Nasdaq by 6.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 38,962 shares of the financial services provider's stock valued at $2,265,000 after buying an additional 2,369 shares during the period. Rakuten Securities Inc. bought a new position in Nasdaq in the 4th quarter valued at about $87,000. Everence Capital Management Inc. increased its holdings in Nasdaq by 88.6% in the 4th quarter. Everence Capital Management Inc. now owns 16,010 shares of the financial services provider's stock valued at $931,000 after buying an additional 7,520 shares during the period. Finally, Desjardins Global Asset Management Inc. increased its holdings in Nasdaq by 70.3% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,190 shares of the financial services provider's stock valued at $127,000 after buying an additional 904 shares during the period. 72.47% of the stock is owned by institutional investors.

Nasdaq Trading Down 0.0 %

NDAQ traded down $0.02 during trading on Wednesday, reaching $60.01. 2,817,404 shares of the company's stock were exchanged, compared to its average volume of 3,140,659. Nasdaq, Inc. has a one year low of $46.88 and a one year high of $64.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $34.52 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 2.74 and a beta of 0.93. The firm has a fifty day moving average price of $59.30 and a two-hundred day moving average price of $55.93.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $0.64 EPS. The company's quarterly revenue was up 21.4% on a year-over-year basis. As a group, equities research analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Wednesday, March 13th. Nasdaq's dividend payout ratio is currently 41.71%.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 7,400 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Bryan Everard Smith sold 7,400 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business's stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NDAQ has been the topic of several recent analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $82.00 target price on shares of Nasdaq in a report on Thursday, February 1st. UBS Group lifted their price target on shares of Nasdaq from $56.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, January 24th. Oppenheimer lifted their price target on shares of Nasdaq from $65.00 to $68.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. Edward Jones assumed coverage on shares of Nasdaq in a report on Wednesday, April 3rd. They set a "buy" rating on the stock. Finally, Piper Sandler lifted their price target on shares of Nasdaq from $70.00 to $71.00 and gave the company an "overweight" rating in a report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $67.09.

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.

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