BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 19.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 366,131 shares of the financial services provider's stock after buying an additional 60,676 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.06% of Nasdaq worth $22,063,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Thoma Bravo L.P. acquired a new stake in Nasdaq in the 4th quarter worth approximately $4,166,454,000. Norges Bank acquired a new stake in shares of Nasdaq during the fourth quarter worth $239,347,000. Vanguard Group Inc. grew its holdings in shares of Nasdaq by 7.0% during the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider's stock valued at $3,043,936,000 after buying an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC increased its position in shares of Nasdaq by 28.4% in the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider's stock valued at $532,357,000 after acquiring an additional 1,866,219 shares during the period. Finally, Bain Capital Public Equity Management II LLC purchased a new position in Nasdaq in the 4th quarter worth $96,241,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Insider Buying and Selling

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares of the company's stock, valued at $2,764,295,688.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.

Nasdaq Stock Performance

NDAQ traded up $0.89 on Friday, reaching $72.08. The stock had a trading volume of 3,073,735 shares, compared to its average volume of 2,927,436. The business's 50-day moving average price is $65.43 and its two-hundred day moving average price is $61.81. The company has a current ratio of 0.94, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. Nasdaq, Inc. has a 12-month low of $46.88 and a 12-month high of $72.14. The company has a market cap of $41.46 billion, a P/E ratio of 37.94, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business earned $0.71 EPS. Nasdaq's revenue for the quarter was up 25.3% compared to the same quarter last year. Sell-side analysts forecast that Nasdaq, Inc. will post 2.73 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. Nasdaq's dividend payout ratio is currently 50.53%.

Wall Street Analyst Weigh In

NDAQ has been the topic of several research analyst reports. Oppenheimer boosted their price target on Nasdaq from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Argus upped their target price on Nasdaq from $64.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, May 14th. Barclays raised their price target on shares of Nasdaq from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Rosenblatt Securities downgraded shares of Nasdaq from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $76.00 to $64.00 in a report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Nasdaq from $66.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.54.

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.

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