Bank Julius Baer & Co. Ltd Zurich Trims Stock Position in Nasdaq, Inc. $NDAQ

Bank Julius Baer & Co. Ltd Zurich lessened its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 39.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,163,402 shares of the financial services provider’s stock after selling 1,384,604 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Nasdaq were worth $193,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC increased its holdings in Nasdaq by 72.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 120 shares during the period. Access Investment Management LLC purchased a new stake in shares of Nasdaq in the 2nd quarter worth $28,000. CVA Family Office LLC grew its position in shares of Nasdaq by 137.4% during the 2nd quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock worth $33,000 after buying an additional 213 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Nasdaq during the 1st quarter worth $34,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Nasdaq during the second quarter valued at $37,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Cowen reaffirmed a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Raymond James Financial reiterated an “outperform” rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Barclays set a $109.00 price objective on shares of Nasdaq and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a research report on Thursday, October 9th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $101.00.

Insider Activity

In related news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the transaction, the executive vice president directly owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $87.66 on Monday. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The business’s fifty day simple moving average is $88.14 and its 200-day simple moving average is $89.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The company has a market cap of $50.05 billion, a PE ratio of 31.31, a PEG ratio of 1.79 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm earned $0.74 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s payout ratio is presently 38.57%.

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.