Edmond DE Rothschild Holding S.A. Invests $7.43 Million in Nasdaq, Inc. $NDAQ

Edmond DE Rothschild Holding S.A. acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 94,245 shares of the financial services provider’s stock, valued at approximately $7,428,000.

A number of other hedge funds also recently bought and sold shares of NDAQ. Vanguard Group Inc. lifted its holdings in Nasdaq by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock valued at $5,819,727,000 after acquiring an additional 268,481 shares during the period. BlackRock Inc. bought a new stake in shares of Nasdaq during the 2nd quarter valued at about $2,931,637,000. State Street Corp grew its stake in shares of Nasdaq by 1.3% during the 4th quarter. State Street Corp now owns 19,878,600 shares of the financial services provider’s stock valued at $1,930,808,000 after purchasing an additional 259,408 shares during the period. Geode Capital Management LLC increased its position in shares of Nasdaq by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 12,851,894 shares of the financial services provider’s stock valued at $1,243,807,000 after purchasing an additional 378,577 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Nasdaq by 62.6% during the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider’s stock valued at $900,061,000 after purchasing an additional 3,567,843 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In related news, insider Pc Nelson Griggs sold 11,010 shares of Nasdaq stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the transaction, the insider owned 205,001 shares in the company, valued at approximately $19,751,846.35. The trade was a 5.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ab Investor bought 56,782 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the purchase, the insider owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This represents a 0.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 41,797 shares of company stock worth $3,926,319 over the last three months. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of research reports. Wall Street Zen raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Morgan Stanley reiterated an “overweight” rating and issued a $120.00 price target on shares of Nasdaq in a research report on Friday, July 24th. Barclays reiterated an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Finally, Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $110.30.

Nasdaq Stock Down 0.4%

NASDAQ NDAQ opened at $96.35 on Thursday. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $53.86 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. The stock’s 50-day moving average price is $89.45 and its 200-day moving average price is $87.96.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. On average, equities research analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s dividend payout ratio is presently 36.15%.

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.