Raiffeisen Bank International AG Sells 9,483 Shares of Nasdaq, Inc. $NDAQ

Raiffeisen Bank International AG cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.9% in the second quarter, Holdings Channel reports. The institutional investor owned 484,740 shares of the financial services provider’s stock after selling 9,483 shares during the quarter. Raiffeisen Bank International AG’s holdings in Nasdaq were worth $37,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Fiduciary Financial Advisors acquired a new stake in shares of Nasdaq in the second quarter worth $25,000. MV Capital Management Inc. acquired a new position in Nasdaq during the 4th quarter valued at $28,000. Nemes Rush Group LLC acquired a new position in Nasdaq during the 4th quarter valued at $35,000. Uniplan Investment Counsel Inc. bought a new stake in Nasdaq in the 4th quarter valued at $35,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Nasdaq in the 4th quarter valued at $37,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Up 3.1%

NDAQ opened at $98.71 on Friday. The company has a market capitalization of $55.18 billion, a P/E ratio of 28.78, a P/E/G ratio of 1.67 and a beta of 0.97. 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 firm’s fifty day moving average price is $92.52 and its two-hundred day moving average price is $88.90. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. On average, analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s payout ratio is presently 36.15%.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several research analyst reports. Rothschild & Co Redburn set a $110.00 price target on shares of Nasdaq in a research report on Thursday, June 11th. TD Cowen reiterated a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Raymond James Financial reissued an “outperform” rating and set a $113.00 target price (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Morgan Stanley restated an “overweight” rating and set a $120.00 price target on shares of Nasdaq in a research note on Friday, July 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of “Buy” and an average price target of $110.30.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley Peterson sold 13,000 shares of Nasdaq stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the sale, the executive vice president directly owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. The trade was a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ab Investor acquired 56,782 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the purchase, the insider owned 58,439,208 shares in the company, valued at approximately $5,024,603,103.84. This trade represents a 0.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 41,797 shares of company stock valued at $3,926,319 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

About Nasdaq

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.