Edmond DE Rothschild Holding S.A. Has $3.71 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Edmond DE Rothschild Holding S.A. boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 112.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,713 shares of the financial services provider’s stock after buying an additional 31,075 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Nasdaq were worth $3,705,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NDAQ. Thoma Bravo L.P. acquired a new position in Nasdaq in the 4th quarter valued at $4,166,454,000. Norges Bank acquired a new stake in Nasdaq in the 4th quarter worth $239,347,000. Bain Capital Public Equity Management II LLC acquired a new stake in Nasdaq in the 4th quarter worth $96,241,000. Vanguard Group Inc. grew its position in Nasdaq by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 45,065,891 shares of the financial services provider’s stock worth $2,620,131,000 after purchasing an additional 745,965 shares during the last quarter. Finally, LGT Capital Partners LTD. grew its position in Nasdaq by 136.5% in the 4th quarter. LGT Capital Partners LTD. now owns 1,264,990 shares of the financial services provider’s stock worth $73,547,000 after purchasing an additional 730,200 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Price Performance

NDAQ traded up $0.19 during midday trading on Wednesday, hitting $63.49. The company had a trading volume of 2,626,000 shares, compared to its average volume of 2,811,885. Nasdaq, Inc. has a twelve month low of $46.88 and a twelve month high of $64.25. The firm’s 50-day simple moving average is $60.50 and its 200-day simple moving average is $59.42. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $36.52 billion, a PE ratio of 33.42, a P/E/G ratio of 3.09 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. Equities research analysts predict that Nasdaq, Inc. will post 2.7 EPS for the current fiscal year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.51%. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s payout ratio is currently 50.53%.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,036 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the transaction, the executive vice president now owns 58,636 shares in the company, valued at $3,511,710.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several research analyst reports. Edward Jones initiated coverage on shares of Nasdaq in a research report on Wednesday, April 3rd. They issued a “buy” rating on the stock. Morgan Stanley upgraded shares of Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Tuesday, March 26th. Barclays raised their price objective on shares of Nasdaq from $73.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.08.

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.