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

Groupama Asset Managment raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 68.8% during the 4th quarter, according to its most recent disclosure 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 made changes to their positions in the company. Headlands Technologies LLC grew its stake in Nasdaq by 808.6% in the 4th quarter. Headlands Technologies LLC now owns 47,865 shares of the financial services provider’s stock valued at $3,700,000 after acquiring an additional 42,597 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Nasdaq by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider’s stock valued at $849,783,000 after purchasing an additional 257,465 shares in the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of Nasdaq in the fourth quarter valued at approximately $293,000. Franklin Resources Inc. increased its stake in shares of Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider’s stock worth $802,401,000 after purchasing an additional 1,225,672 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Nasdaq by 11.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 36,280 shares of the financial services provider’s stock worth $2,805,000 after purchasing an additional 3,688 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction 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. This trade represents a 20.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Trading Up 0.2 %

Shares of NDAQ opened at $76.04 on Wednesday. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The firm has a market capitalization of $43.73 billion, a P/E ratio of 39.60, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. 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 stock’s fifty day simple moving average is $78.98 and its 200 day simple moving average is $77.68.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, equities research analysts forecast 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. Investors of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.26%. Nasdaq’s payout ratio is 50.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Oppenheimer increased their price objective on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Citigroup upped their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, UBS Group lifted their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.88.

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.