Amundi Purchases 782,812 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Amundi grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 40.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,730,835 shares of the financial services provider’s stock after purchasing an additional 782,812 shares during the quarter. Amundi’s holdings in Nasdaq were worth $213,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NDAQ. Founders Capital Management bought a new stake in shares of Nasdaq during the 4th quarter valued at $27,000. Kestra Investment Management LLC bought a new position in Nasdaq in the 4th quarter worth $33,000. Raleigh Capital Management Inc. raised its holdings in Nasdaq by 106.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares during the period. Peterson Financial Group Inc. bought a new stake in Nasdaq during the third quarter valued at about $42,000. Finally, Y.D. More Investments Ltd grew its holdings in Nasdaq by 94.2% during the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 294 shares during the period. Institutional investors own 72.47% of the company’s stock.

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 stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NDAQ shares. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Citigroup raised their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $74.66 on Monday. The firm has a market capitalization of $42.94 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The business has a 50 day simple moving average of $79.78 and a 200-day simple moving average of $77.27. Nasdaq, Inc. has a 1 year low of $57.96 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (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%. Equities analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. Nasdaq’s dividend payout ratio is presently 50.00%.

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.