Union Bancaire Privee UBP SA Makes New $110.87 Million Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Union Bancaire Privee UBP SA bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,439,813 shares of the financial services provider’s stock, valued at approximately $110,867,000. Nasdaq accounts for about 2.3% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 10th largest holding. Union Bancaire Privee UBP SA owned approximately 0.25% of Nasdaq at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. Wellington Management Group LLP lifted its position in shares of Nasdaq by 163.3% during the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after purchasing an additional 24,084,154 shares in the last quarter. State Street Corp lifted its holdings in Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after buying an additional 1,811,616 shares in the last quarter. Geode Capital Management LLC boosted its position in Nasdaq by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider’s stock valued at $783,181,000 after buying an additional 932,665 shares during the period. Harris Associates L P grew its stake in shares of Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after acquiring an additional 1,096,090 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its position in shares of Nasdaq by 13,532.3% during the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after acquiring an additional 3,970,658 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $81.15 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $46.64 billion, a P/E ratio of 48.59, a PEG ratio of 2.77 and a beta of 0.98. The stock has a fifty day moving average price of $79.41 and a two-hundred day moving average price of $74.19. Nasdaq, Inc. has a 1 year low of $54.90 and a 1 year high of $83.77.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the business earned $0.71 earnings per share. Nasdaq’s revenue for the quarter was up 21.9% compared to the same quarter last year. Research analysts forecast that Nasdaq, Inc. will post 2.81 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the transaction, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,817 shares of company stock worth $2,330,033. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NDAQ shares. Barclays cut their price target on Nasdaq from $97.00 to $96.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group raised their target price on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. TD Cowen dropped their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Keefe, Bruyette & Woods increased their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.73.

Nasdaq Profile

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.