891,940 Shares in Nasdaq, Inc. $NDAQ Acquired by Flossbach Von Storch SE

Flossbach Von Storch SE bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, HoldingsChannel.com reports. The fund bought 891,940 shares of the financial services provider’s stock, valued at approximately $70,303,000.

Several other institutional investors and hedge funds have also made changes to their positions in NDAQ. MV Capital Management Inc. bought a new stake in Nasdaq during the 4th quarter valued at about $28,000. Nemes Rush Group LLC bought a new position in Nasdaq in the 4th quarter worth about $35,000. Uniplan Investment Counsel Inc. bought a new position in Nasdaq in the 4th quarter worth about $35,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Nasdaq during the fourth quarter worth approximately $37,000. Finally, Reflection Asset Management purchased a new position in shares of Nasdaq during the fourth quarter worth approximately $41,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Down 0.4%

Nasdaq stock opened at $96.35 on Thursday. Nasdaq, Inc. has a 1-year low of $76.55 and a 1-year high of $101.79. The business has a fifty day moving average price of $89.45 and a 200-day moving average price of $87.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $53.86 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 1.30 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. Nasdaq’s revenue was up 14.9% compared to the same quarter last year. Equities research analysts forecast that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio (DPR) is presently 36.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a report on Thursday, June 11th. Loop Capital set a $113.00 price target on Nasdaq in a research note on Friday, April 24th. Zacks Research upgraded Nasdaq from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Finally, TD Cowen reiterated a “buy” rating and set a $105.00 target price (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Nasdaq currently has a consensus rating of “Buy” and a consensus target price of $110.30.

Insider Activity

In other Nasdaq news, EVP Bradley J. Peterson sold 13,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the transaction, the executive vice president owned 128,293 shares in the company, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Pc Nelson Griggs sold 11,010 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the completion of the transaction, the insider directly owned 205,001 shares of the company’s stock, valued at $19,751,846.35. The trade was a 5.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 41,797 shares of company stock valued at $3,926,319 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.