Groupama Asset Managment Has $4.09 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Groupama Asset Managment cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 24.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,040 shares of the financial services provider’s stock after selling 18,163 shares during the quarter. Groupama Asset Managment’s holdings in Nasdaq were worth $4,091,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP grew its holdings in Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after buying an additional 24,084,154 shares in the last quarter. State Street Corp grew its holdings in Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after buying an additional 1,811,616 shares in the last quarter. Harris Associates L P grew its holdings in 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 valued at $627,596,000 after buying an additional 1,096,090 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Nasdaq by 2.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,767,175 shares of the financial services provider’s stock valued at $287,270,000 after buying an additional 94,122 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after buying an additional 3,970,658 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares of the company’s stock, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is currently owned by insiders.

Nasdaq Price Performance

Shares of NDAQ stock opened at $81.14 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a twelve month low of $53.62 and a twelve month high of $83.77. The company has a market cap of $46.64 billion, a P/E ratio of 48.59, a P/E/G ratio of 3.16 and a beta of 0.97. The business has a fifty day simple moving average of $76.82 and a 200 day simple moving average of $69.58.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. On average, sell-side analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.18%. Nasdaq’s dividend payout ratio is presently 57.49%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Piper Sandler upped their price objective on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a report on Monday, November 11th. Argus upped their target price on Nasdaq from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. UBS Group upped their target price on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, Raymond James upgraded Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.87.

Nasdaq Profile

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.