Nasdaq, Inc. $NDAQ Position Reduced by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 68.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,633 shares of the financial services provider’s stock after selling 5,817 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Nasdaq were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NDAQ. Westside Investment Management Inc. raised its holdings in Nasdaq by 100.0% during the third quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 159 shares in the last quarter. SOA Wealth Advisors LLC. bought a new stake in Nasdaq during the fourth quarter worth approximately $34,000. Community Bank N.A. bought a new stake in Nasdaq during the third quarter worth approximately $45,000. Geneos Wealth Management Inc. raised its holdings in Nasdaq by 345.5% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 463 shares in the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in Nasdaq during the fourth quarter worth approximately $47,000. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In other Nasdaq news, CEO Adena T. Friedman sold 113,611 shares of Nasdaq stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total transaction of $9,706,923.84. Following the transaction, the chief executive officer directly owned 1,965,751 shares in the company, valued at approximately $167,953,765.44. The trade was a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 transaction, the senior vice president owned 10,089 shares in the company, valued at approximately $896,104.98. The trade was a 11.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 231,002 shares of company stock valued at $20,295,941. 0.60% of the stock is currently owned by company insiders.

Nasdaq Trading Up 0.1%

Nasdaq stock opened at $91.06 on Friday. 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 $51.50 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 1.85 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 $87.26 and its two-hundred day moving average price is $89.70.

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

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s dividend payout ratio is presently 32.53%.

Analysts Set New Price Targets

NDAQ has been the topic of several recent analyst reports. Argus raised Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. Barclays boosted their target price on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Morgan Stanley set a $116.00 target price on Nasdaq and gave the stock an “overweight” rating in a report on Friday, January 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a research report on Friday, January 30th. Finally, Raymond James Financial restated an “outperform” rating and issued a $109.00 price target on shares of Nasdaq in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $107.15.

Nasdaq 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.