Bank Julius Baer & Co. Ltd Zurich Buys 127,978 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,625,448 shares of the financial services provider’s stock after purchasing an additional 127,978 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.46% of Nasdaq worth $152,644,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NDAQ. CWM LLC lifted its position in shares of Nasdaq by 6.5% in the third quarter. CWM LLC now owns 11,683 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 714 shares in the last quarter. HB Wealth Management LLC purchased a new position in shares of Nasdaq in the third quarter valued at about $232,000. Counterpoint Mutual Funds LLC lifted its position in shares of Nasdaq by 8.1% in the third quarter. Counterpoint Mutual Funds LLC now owns 2,675 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 201 shares in the last quarter. Czech National Bank lifted its position in shares of Nasdaq by 47.8% in the third quarter. Czech National Bank now owns 59,251 shares of the financial services provider’s stock valued at $2,879,000 after acquiring an additional 19,165 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Nasdaq by 9.9% in the third quarter. Asset Management One Co. Ltd. now owns 153,984 shares of the financial services provider’s stock valued at $7,482,000 after acquiring an additional 13,899 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Down 2.0 %

Shares of NASDAQ NDAQ traded down $1.21 during midday trading on Thursday, hitting $60.29. The company’s stock had a trading volume of 7,780,926 shares, compared to its average volume of 3,161,433. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $59.84 and its two-hundred day moving average is $56.39. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $64.25. The firm has a market cap of $34.68 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 2.80 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, equities research analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 annualized dividend and a yield of 1.46%. Nasdaq’s payout ratio is currently 41.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $59.00 to $80.00 in a research report on Tuesday, April 9th. UBS Group increased their price target on Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group raised Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Tuesday, March 26th. Citigroup increased their price target on Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Finally, Oppenheimer upped their price objective on Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.09.

Insiders Place Their Bets

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

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.