Nasdaq, Inc. (NASDAQ:NDAQ) Stake Lessened by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,112 shares of the financial services provider’s stock after selling 8,902 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Nasdaq were worth $6,997,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. Thoma Bravo L.P. acquired a new stake in shares of Nasdaq in the 4th quarter valued at $4,166,454,000. Vanguard Group Inc. increased its holdings in shares of Nasdaq by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after acquiring an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC boosted its holdings in shares of Nasdaq by 28.4% during the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after buying an additional 1,866,219 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Nasdaq by 2.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock valued at $287,270,000 after buying an additional 94,122 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in Nasdaq by 26.5% in the 1st quarter. Bessemer Group Inc. now owns 2,878,115 shares of the financial services provider’s stock worth $181,609,000 after acquiring an additional 602,040 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Activity

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

Nasdaq Price Performance

Shares of NDAQ stock opened at $74.29 on Monday. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $74.68. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. The firm has a fifty day moving average of $69.08 and a 200-day moving average of $63.63. The company has a market capitalization of $42.73 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 2.97 and a beta of 0.95.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company’s revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. As a group, equities research analysts predict that Nasdaq, Inc. will post 2.74 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.29%. Nasdaq’s dividend payout ratio is 50.53%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Oppenheimer raised their price target on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. Bank of America raised Nasdaq from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $53.00 to $90.00 in a report on Wednesday, September 4th. Keefe, Bruyette & Woods raised their target price on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upped their price target on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Finally, Barclays lifted their price objective on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.08.

About Nasdaq

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.