DekaBank Deutsche Girozentrale Acquires 24,093 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

DekaBank Deutsche Girozentrale increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,046 shares of the financial services provider’s stock after acquiring an additional 24,093 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Nasdaq were worth $9,780,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Janney Montgomery Scott LLC raised its stake in shares of Nasdaq by 7.5% in the first quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock valued at $15,198,000 after buying an additional 16,797 shares during the period. SG Americas Securities LLC raised its stake in shares of Nasdaq by 312.0% in the first quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock valued at $11,601,000 after buying an additional 139,228 shares during the period. Quantbot Technologies LP raised its stake in shares of Nasdaq by 237.3% in the first quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock valued at $1,946,000 after buying an additional 21,699 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Nasdaq by 12.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock valued at $32,624,000 after purchasing an additional 57,900 shares in the last quarter. Finally, Crestline Management LP purchased a new position in shares of Nasdaq in the fourth quarter valued at $11,221,000. 72.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on NDAQ. Bank of America upgraded Nasdaq from an “underperform” rating to a “buy” rating and lifted their price target for the company from $53.00 to $90.00 in a research report on Wednesday, September 4th. Oppenheimer boosted their price target on shares of Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. Barclays boosted their price target on shares of Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods boosted their price target on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $72.08.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $73.30 on Tuesday. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $74.17. The stock has a market capitalization of $42.16 billion, a price-to-earnings ratio of 38.58, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95. The company has a fifty day moving average of $68.15 and a 200-day moving average of $63.17. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94.

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

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. Nasdaq’s dividend payout ratio (DPR) is 50.53%.

Insider Buying and Selling at Nasdaq

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 transaction of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Profile

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.