Mirova US LLC Raises Stock Holdings in Nasdaq, Inc. $NDAQ

Mirova US LLC raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 20.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,172 shares of the financial services provider’s stock after purchasing an additional 13,265 shares during the period. Mirova US LLC’s holdings in Nasdaq were worth $6,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NDAQ. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Nasdaq by 2.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after buying an additional 110 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in Nasdaq by 0.4% in the second quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock valued at $2,339,000 after acquiring an additional 116 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in Nasdaq by 72.7% in the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 120 shares during the last quarter. Fielder Capital Group LLC grew its holdings in Nasdaq by 3.0% in the second quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 122 shares during the last quarter. Finally, Freedom Investment Management Inc. increased its position in shares of Nasdaq by 2.3% during the second quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 128 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Trading Down 0.5%

NASDAQ NDAQ opened at $98.87 on Tuesday. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $99.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $56.45 billion, a PE ratio of 35.31, a P/E/G ratio of 1.78 and a beta of 1.02. The company has a fifty day moving average of $90.12 and a 200 day moving average of $90.90.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. Research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Nasdaq’s payout ratio is presently 38.57%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NDAQ. TD Cowen raised their price objective on Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Morgan Stanley restated an “overweight” rating and set a $111.00 price objective (up previously from $110.00) on shares of Nasdaq in a report on Monday, December 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $100.00 target price (up from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 price objective on shares of Nasdaq in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Nasdaq in a research report on Tuesday, October 14th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.40.

Nasdaq Company 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.