Groupama Asset Managment Sells 32,781 Shares of Nasdaq, Inc. $NDAQ

Groupama Asset Managment decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 32.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,319 shares of the financial services provider’s stock after selling 32,781 shares during the period. Groupama Asset Managment’s holdings in Nasdaq were worth $5,954,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Nasdaq by 2.3% during 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 purchasing an additional 110 shares during the last quarter. PDS Planning Inc lifted its stake in Nasdaq by 4.9% in the third quarter. PDS Planning Inc now owns 2,830 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 133 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Nasdaq by 4.6% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,139 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 139 shares during the last quarter. Mather Group LLC. boosted its position in Nasdaq by 3.3% during the third quarter. Mather Group LLC. now owns 4,380 shares of the financial services provider’s stock valued at $387,000 after buying an additional 139 shares during the period. Finally, Tritonpoint Wealth LLC boosted its position in Nasdaq by 1.1% during the third quarter. Tritonpoint Wealth LLC now owns 13,077 shares of the financial services provider’s stock valued at $1,157,000 after buying an additional 148 shares during the period. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Nasdaq stock opened at $85.44 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The firm has a market cap of $48.57 billion, a P/E ratio of 27.65, a P/E/G ratio of 1.59 and a beta of 1.03. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $101.79. The firm has a 50-day moving average of $89.80 and a 200-day moving average of $90.53.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Sell-side analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio is currently 34.95%.

Insider Transactions at Nasdaq

In related news, CEO Adena T. Friedman sold 92,840 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $90.08, for a total transaction of $8,363,027.20. Following the sale, the chief executive officer owned 2,079,323 shares of the company’s stock, valued at $187,305,415.84. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the sale, the executive vice president owned 125,674 shares in the company, valued at approximately $12,568,656.74. This trade represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 697,340 shares of company stock worth $66,803,072 over the last ninety days. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Argus upgraded Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. UBS Group restated a “buy” rating and set a $120.00 target price (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. JPMorgan Chase & Co. raised their price target on Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $106.00 in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $103.80.

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.