Groupama Asset Managment Increases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Groupama Asset Managment boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 68.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,593 shares of the financial services provider’s stock after purchasing an additional 38,553 shares during the period. Groupama Asset Managment’s holdings in Nasdaq were worth $7,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Nasdaq by 24.4% during the 3rd quarter. FMR LLC now owns 977,949 shares of the financial services provider’s stock valued at $71,400,000 after buying an additional 191,705 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Nasdaq by 3.3% in the third quarter. Rockefeller Capital Management L.P. now owns 157,550 shares of the financial services provider’s stock valued at $11,495,000 after acquiring an additional 5,008 shares in the last quarter. Verition Fund Management LLC boosted its stake in Nasdaq by 181.9% during the 3rd quarter. Verition Fund Management LLC now owns 66,930 shares of the financial services provider’s stock valued at $4,887,000 after acquiring an additional 43,184 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Nasdaq during the 3rd quarter worth $557,000. Finally, Harris Associates L P increased its position in shares of Nasdaq by 14.6% in the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after purchasing an additional 1,096,090 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $76.04 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The firm’s 50 day moving average is $78.98 and its two-hundred day moving average is $77.68. The firm has a market capitalization of $43.73 billion, a P/E ratio of 39.60, a PEG ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NDAQ shares. Citigroup increased their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. increased their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Barclays decreased their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. UBS Group upped their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Insider Activity at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

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.