Banque Cantonale Vaudoise Has $2.65 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Banque Cantonale Vaudoise reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,894 shares of the financial services provider’s stock after selling 6,772 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Nasdaq were worth $2,645,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Thoma Bravo L.P. acquired a new stake in shares of Nasdaq in the fourth quarter valued at $4,166,454,000. Norges Bank acquired a new stake in shares of Nasdaq in the fourth quarter valued at $239,347,000. Vanguard Group Inc. increased its stake in shares of Nasdaq by 7.0% in the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after buying an additional 3,173,981 shares in the last quarter. Farallon Capital Management LLC increased its stake in shares of Nasdaq by 28.4% in the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after buying an additional 1,866,219 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC acquired a new stake in shares of Nasdaq in the fourth quarter valued at $96,241,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of research reports. Argus raised their target price on Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Barclays boosted their price objective on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Rosenblatt Securities cut Nasdaq from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $76.00 to $64.00 in a report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $68.54.

Nasdaq Trading Up 1.3 %

Shares of Nasdaq stock traded up $0.89 during trading on Friday, hitting $72.08. 3,073,749 shares of the company were exchanged, compared to its average volume of 2,927,436. The firm has a market capitalization of $41.46 billion, a P/E ratio of 37.94, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $72.14. The firm’s fifty day moving average price is $65.43 and its 200 day moving average price is $61.81. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 EPS. As a group, sell-side analysts expect that Nasdaq, Inc. will post 2.73 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. Nasdaq’s dividend payout ratio is presently 50.53%.

Insider Activity at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by insiders.

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.