Union Bancaire Privee UBP SA Makes New $110.87 Million Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

Union Bancaire Privee UBP SA acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, Holdings Channel.com reports. The firm acquired 1,439,813 shares of the financial services provider’s stock, valued at approximately $110,867,000. Nasdaq comprises approximately 2.3% of Union Bancaire Privee UBP SA’s portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NDAQ. Catalyst Capital Advisors LLC bought a new stake in Nasdaq during the 3rd quarter valued at approximately $27,000. Founders Capital Management bought a new stake in shares of Nasdaq in the fourth quarter valued at approximately $27,000. Claro Advisors LLC acquired a new stake in shares of Nasdaq in the third quarter worth $33,000. Raleigh Capital Management Inc. raised its stake in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. Finally, Focused Wealth Management Inc bought a new stake in Nasdaq in the 3rd quarter valued at $35,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Jeremy Skule sold 12,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at $8,928,073.60. The trade was a 9.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the sale, the insider now owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,817 shares of company stock worth $2,330,033. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on NDAQ shares. Barclays cut their price objective on shares of Nasdaq from $97.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Raymond James upped their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. The Goldman Sachs Group increased their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley lifted their target price on shares of Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.73.

Nasdaq Price Performance

Shares of NDAQ stock opened at $81.15 on Monday. The firm has a fifty day moving average of $79.41 and a 200-day moving average of $74.19. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $46.64 billion, a price-to-earnings ratio of 48.59, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98. Nasdaq, Inc. has a 12-month low of $54.90 and a 12-month high of $83.77.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, equities research analysts forecast that Nasdaq, Inc. will post 2.81 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq’s dividend payout ratio is presently 57.49%.

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.