Amundi Purchases 782,812 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Amundi raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 40.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,730,835 shares of the financial services provider’s stock after acquiring an additional 782,812 shares during the period. Amundi owned about 0.48% of Nasdaq worth $213,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NDAQ. Founders Capital Management purchased a new position in shares of Nasdaq in the fourth quarter worth about $27,000. Kestra Investment Management LLC purchased a new stake in Nasdaq during the 4th quarter valued at about $33,000. Raleigh Capital Management Inc. grew its position in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in Nasdaq in the 3rd quarter worth approximately $42,000. Finally, Y.D. More Investments Ltd lifted its position in Nasdaq by 94.2% in the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 294 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on NDAQ shares. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. UBS Group upped their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. William Blair assumed coverage on Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating on the stock. Finally, StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Stock Down 2.0 %

Shares of Nasdaq stock opened at $74.66 on Monday. Nasdaq, Inc. has a 1 year low of $57.96 and a 1 year high of $84.15. The firm has a market cap of $42.94 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.12 and a beta of 0.96. The company has a 50-day moving average of $79.78 and a 200 day moving average of $77.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

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.