Czech National Bank grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 16.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,298 shares of the financial services provider's stock after purchasing an additional 11,788 shares during the period. Czech National Bank's holdings in Nasdaq were worth $6,155,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in Nasdaq by 93.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 51,936 shares of the financial services provider's stock valued at $3,020,000 after buying an additional 25,136 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Nasdaq by 1.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,178 shares of the financial services provider's stock worth $1,697,000 after purchasing an additional 311 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Nasdaq by 0.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,078,118 shares of the financial services provider's stock worth $120,822,000 after purchasing an additional 7,668 shares during the last quarter. Vinva Investment Management Ltd boosted its holdings in Nasdaq by 24.7% in the fourth quarter. Vinva Investment Management Ltd now owns 11,553 shares of the financial services provider's stock worth $673,000 after purchasing an additional 2,291 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in Nasdaq by 7.9% during the fourth quarter. Neuberger Berman Group LLC now owns 114,868 shares of the financial services provider's stock valued at $6,678,000 after purchasing an additional 8,409 shares during the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on NDAQ. Oppenheimer increased their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, September 9th. Bank of America dropped their price target on Nasdaq from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $76.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. The Goldman Sachs Group upped their price objective on Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Royal Bank of Canada started coverage on Nasdaq in a research note on Friday, September 27th. They issued an "outperform" rating and a $88.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $74.40.
Read Our Latest Stock Report on NDAQ
Shares of Nasdaq stock opened at $72.12 on Friday. The business has a fifty day simple moving average of $70.92 and a 200-day simple moving average of $64.50. Nasdaq, Inc. has a fifty-two week low of $47.56 and a fifty-two week high of $74.88. The firm has a market cap of $41.48 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85.
Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. Nasdaq's revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. On average, equities analysts forecast that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. Nasdaq's dividend payout ratio is currently 50.53%.
In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business's 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 sale, the insider now directly owns 42,804,207 shares of the company's stock, valued at $2,764,295,688.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by insiders.
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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