Nasdaq, Inc. $NDAQ Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 60.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,245,871 shares of the financial services provider’s stock after purchasing an additional 469,904 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Nasdaq were worth $110,197,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Front Row Advisors LLC bought a new position in Nasdaq during the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Nasdaq in the 2nd quarter worth about $27,000. Bruce G. Allen Investments LLC raised its stake in shares of Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Tripletail Wealth Management LLC acquired a new stake in shares of Nasdaq in the 3rd quarter valued at about $27,000. Finally, Access Investment Management LLC bought a new position in shares of Nasdaq during the second quarter worth about $28,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Cowen reissued a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a research report on Tuesday, October 14th. TD Cowen boosted their price target on Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Morgan Stanley restated an “overweight” rating and set a $111.00 price objective (up from $110.00) on shares of Nasdaq in a research note on Monday, December 22nd. Finally, Barclays reaffirmed an “overweight” rating and issued a $114.00 price objective (up previously from $109.00) on shares of Nasdaq in a report on Friday, December 12th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.40.

Nasdaq Stock Performance

NDAQ stock opened at $100.69 on Wednesday. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $100.85. The stock has a market capitalization of $57.49 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.59 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s fifty day moving average is $91.25 and its two-hundred day moving average is $91.40.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. On average, research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.27 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

Insider Buying and Selling

In related news, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $96.39, for a total value of $28,917,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at $185,541,400.17. This represents a 13.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the sale, the executive vice president owned 84,974 shares in the company, valued at approximately $7,256,779.60. This represents a 2.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.70% of the company’s stock.

Nasdaq 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.