Kepler Cheuvreux Suisse SA Acquires Shares of 7,703 Nasdaq, Inc. $NDAQ

Kepler Cheuvreux Suisse SA acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,703 shares of the financial services provider’s stock, valued at approximately $748,000.

A number of other institutional investors have also modified their holdings of NDAQ. Westside Investment Management Inc. raised its stake in shares of Nasdaq by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 159 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $34,000. Community Bank N.A. acquired a new stake in shares of Nasdaq in the 3rd quarter valued at about $45,000. Geneos Wealth Management Inc. raised its stake in shares of Nasdaq by 345.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 463 shares in the last quarter. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Nasdaq in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, insider Cohen Tal sold 15,518 shares of Nasdaq stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $90.75, for a total value of $1,408,258.50. Following the transaction, the insider owned 215,208 shares in the company, valued at approximately $19,530,126. The trade was a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michelle Lynn Daly sold 1,323 shares of Nasdaq stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $88.82, for a total transaction of $117,508.86. Following the completion of the transaction, the senior vice president owned 10,089 shares in the company, valued at approximately $896,104.98. This trade represents a 11.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 231,002 shares of company stock worth $20,295,941. 0.60% of the stock is owned by corporate insiders.

Nasdaq Trading Down 0.5%

Nasdaq stock opened at $88.48 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $50.04 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98. Nasdaq, Inc. has a 1 year low of $77.09 and a 1 year high of $101.79. The firm’s 50 day moving average price is $87.07 and its two-hundred day moving average price is $89.65.

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

Nasdaq Increases Dividend

The firm 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 $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.4%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, June 12th. Nasdaq’s dividend payout ratio (DPR) is presently 32.53%.

Analyst Ratings Changes

NDAQ has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of Nasdaq from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. TD Cowen upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their target price for the company from $105.00 to $106.00 in a research note on Thursday, February 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a research note on Friday, January 30th. Argus upgraded shares of Nasdaq to a “strong-buy” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. One 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.15.

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.