Banque Cantonale Vaudoise Purchases 20,600 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Banque Cantonale Vaudoise lifted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 361.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,300 shares of the financial services provider’s stock after acquiring an additional 20,600 shares during the period. Banque Cantonale Vaudoise’s holdings in Nasdaq were worth $1,312,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NDAQ. RB Capital Management LLC raised its position in shares of Nasdaq by 15.9% in the 1st quarter. RB Capital Management LLC now owns 3,264 shares of the financial services provider’s stock worth $582,000 after acquiring an additional 448 shares in the last quarter. American Century Companies Inc. raised its stake in Nasdaq by 10.2% during the first quarter. American Century Companies Inc. now owns 2,209 shares of the financial services provider’s stock valued at $394,000 after buying an additional 205 shares during the last quarter. Raymond James Trust N.A. raised its stake in Nasdaq by 14.1% during the first quarter. Raymond James Trust N.A. now owns 3,932 shares of the financial services provider’s stock valued at $701,000 after buying an additional 487 shares during the last quarter. Sei Investments Co. raised its stake in Nasdaq by 8.4% during the first quarter. Sei Investments Co. now owns 136,395 shares of the financial services provider’s stock valued at $24,319,000 after buying an additional 10,623 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in Nasdaq by 32.0% during the first quarter. Allianz Asset Management GmbH now owns 316,344 shares of the financial services provider’s stock valued at $56,373,000 after buying an additional 76,603 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In other Nasdaq news, Director Johan Torgeby bought 14,000 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were purchased at an average price of $50.42 per share, with a total value of $705,880.00. Following the completion of the purchase, the director now owns 22,466 shares in the company, valued at approximately $1,132,735.72. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America lowered their price objective on Nasdaq from $50.00 to $49.00 in a research note on Tuesday, October 3rd. Morgan Stanley lifted their target price on Nasdaq from $54.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, October 19th. StockNews.com lowered Nasdaq from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Rosenblatt Securities reissued a “buy” rating and issued a $82.00 target price on shares of Nasdaq in a report on Thursday, October 19th. Finally, JPMorgan Chase & Co. lifted their target price on Nasdaq from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Nasdaq currently has an average rating of “Hold” and an average target price of $61.09.

Nasdaq Trading Up 2.0 %

Shares of NASDAQ NDAQ opened at $53.11 on Wednesday. The business’s 50 day moving average is $50.08 and its two-hundred day moving average is $51.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.75 and a quick ratio of 1.75. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $69.22. The stock has a market capitalization of $30.64 billion, a P/E ratio of 23.82, a PEG ratio of 5.50 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. Nasdaq had a return on equity of 21.62% and a net margin of 18.40%. The company had revenue of $940.00 million for the quarter, compared to analysts’ expectations of $931.14 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts expect that Nasdaq, Inc. will post 2.78 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.66%. Nasdaq’s dividend payout ratio is 39.46%.

Nasdaq Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. The Market Platforms segment trading services, including equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.