BDF Gestion Has $941,000 Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

BDF Gestion cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,169 shares of the financial services provider’s stock after selling 1,581 shares during the period. BDF Gestion’s holdings in Nasdaq were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Catalyst Capital Advisors LLC bought a new stake in Nasdaq in the third quarter valued at about $27,000. Founders Capital Management bought a new stake in shares of Nasdaq in the 4th quarter valued at about $27,000. Claro Advisors LLC acquired a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $33,000. Raleigh Capital Management Inc. boosted its stake in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares during the last quarter. Finally, Focused Wealth Management Inc acquired a new position in Nasdaq during the third quarter valued at approximately $35,000. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Piper Sandler boosted their target price on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. TD Cowen decreased their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Finally, Argus raised their target price on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Trading Up 0.7 %

NDAQ stock opened at $82.28 on Friday. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $83.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The company’s 50-day simple moving average is $79.53 and its 200 day simple moving average is $74.56. The company has a market capitalization of $47.29 billion, a PE ratio of 42.85, a price-to-earnings-growth ratio of 2.78 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.91%. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 3.16 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is currently 50.00%.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at $8,928,073.60. The trade was a 9.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now directly owns 205,821 shares in the company, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,817 shares of company stock worth $2,330,033. Company insiders own 0.70% of the company’s stock.

About Nasdaq

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.