DekaBank Deutsche Girozentrale Cuts Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

DekaBank Deutsche Girozentrale cut its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 20.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,953 shares of the financial services provider’s stock after selling 34,874 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Nasdaq were worth $8,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in Nasdaq by 7.5% in the first quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock worth $15,198,000 after acquiring an additional 16,797 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Nasdaq during the 4th quarter valued at about $1,949,000. SG Americas Securities LLC lifted its position in Nasdaq by 312.0% in the 1st quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock worth $11,601,000 after buying an additional 139,228 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Nasdaq by 12.8% in the fourth quarter. BNP Paribas Financial Markets now owns 415,101 shares of the financial services provider’s stock worth $24,134,000 after buying an additional 46,957 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in Nasdaq by 237.3% during the first quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock valued at $1,946,000 after acquiring an additional 21,699 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the sale, the insider now directly owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Down 0.7 %

Shares of NDAQ traded down $0.46 on Friday, reaching $66.86. The stock had a trading volume of 3,770,290 shares, compared to its average volume of 3,965,449. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.94. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $70.01. The firm has a market capitalization of $38.46 billion, a price-to-earnings ratio of 35.19, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94. The company has a 50-day simple moving average of $61.46 and a 200-day simple moving average of $60.18.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $0.71 EPS. The company’s revenue was up 25.3% compared to the same quarter last year. Sell-side analysts predict that Nasdaq, Inc. will post 2.73 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.44%. Nasdaq’s dividend payout ratio is currently 50.53%.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several analyst reports. Argus lifted their price objective on Nasdaq from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Rosenblatt Securities cut Nasdaq from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $76.00 to $64.00 in a research note on Wednesday, May 8th. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $59.00 to $80.00 in a research note on Tuesday, April 9th. Finally, Oppenheimer increased their price target on shares of Nasdaq from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

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.