Nasdaq, Inc. $NDAQ Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,063,278 shares of the financial services provider’s stock after acquiring an additional 26,185 shares during the period. BNP Paribas Financial Markets’ holdings in Nasdaq were worth $103,276,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. grew its holdings in Nasdaq by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 159 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in Nasdaq during the 4th quarter worth $34,000. Fideuram Asset Management Ireland dac acquired a new position in Nasdaq during the 4th quarter worth $37,000. Elyxium Wealth LLC acquired a new position in Nasdaq during the 4th quarter worth $44,000. Finally, Community Bank N.A. acquired a new position in Nasdaq during the 3rd quarter worth $45,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 7,710 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $90.82, for a total transaction of $700,222.20. Following the sale, the executive vice president directly owned 141,035 shares in the company, valued at approximately $12,808,798.70. The trade was a 5.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adena T. Friedman sold 113,611 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $85.44, for a total transaction of $9,706,923.84. Following the sale, the chief executive officer owned 1,965,751 shares in the company, valued at $167,953,765.44. This trade represents a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 231,002 shares of company stock valued at $20,295,941 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on NDAQ. Argus raised shares of Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. Barclays boosted their price objective on shares of Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research report on Wednesday, April 22nd. Loop Capital set a $113.00 price objective on shares of Nasdaq in a research report on Friday, April 24th. Finally, TD Cowen raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their price objective for the company from $105.00 to $106.00 in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.15.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ opened at $92.52 on Monday. The company has a market cap of $52.32 billion, a PE ratio of 27.87, a P/E/G ratio of 1.85 and a beta of 0.97. The company’s 50-day moving average price is $88.19 and its 200 day moving average price is $90.05. Nasdaq, Inc. has a fifty-two week low of $77.09 and a fifty-two week high of $101.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm earned $0.79 EPS. Nasdaq’s revenue was up 13.7% on a year-over-year basis. Sell-side analysts anticipate that Nasdaq, Inc. will post 3.86 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.31 per share. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s payout ratio is presently 32.53%.

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.