DekaBank Deutsche Girozentrale boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,066 shares of the financial services provider’s stock after acquiring an additional 2,010 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Nasdaq were worth $3,139,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Nasdaq by 1.8% during the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock valued at $820,043,000 after purchasing an additional 208,253 shares during the last quarter. Bessemer Group Inc. raised its stake in Nasdaq by 2.9% during the third quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock valued at $186,204,000 after purchasing an additional 67,975 shares in the last quarter. BT Investment Management Ltd purchased a new stake in shares of Nasdaq in the second quarter valued at $97,982,000. Frontier Capital Management Co. LLC grew its holdings in shares of Nasdaq by 1.3% in the third quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock worth $96,957,000 after purchasing an additional 16,264 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Nasdaq by 21.9% in the second quarter. TimesSquare Capital Management LLC now owns 1,203,500 shares of the financial services provider’s stock worth $86,038,000 after purchasing an additional 216,100 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada set a $78.00 price target on shares of Nasdaq and gave the stock a “hold” rating in a research report on Monday, October 16th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $78.00 price objective on shares of Nasdaq in a research note on Thursday, October 12th. Finally, Citigroup raised their price objective on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $78.22.
Shares of Nasdaq, Inc. (NDAQ) traded down $0.53 during trading hours on Thursday, reaching $77.79. 1,103,887 shares of the company’s stock were exchanged, compared to its average volume of 885,048. Nasdaq, Inc. has a one year low of $65.98 and a one year high of $80.00. The stock has a market capitalization of $13,050.43, a price-to-earnings ratio of 19.01, a PEG ratio of 2.20 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.15 and a quick ratio of 1.15.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The firm had revenue of $607.00 million during the quarter, compared to the consensus estimate of $599.84 million. During the same period in the prior year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. equities analysts forecast that Nasdaq, Inc. will post 4.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, December 14th. Nasdaq’s dividend payout ratio is currently 100.00%.
In other Nasdaq news, insider Pc Nelson Griggs sold 1,396 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $74.72, for a total value of $104,309.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by insiders.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.