Graphene Investments SAS Acquires New Holdings in Nasdaq, Inc. $NDAQ

Graphene Investments SAS bought a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,500 shares of the financial services provider’s stock, valued at approximately $3,317,000. Nasdaq makes up approximately 2.1% of Graphene Investments SAS’s investment portfolio, making the stock its 15th biggest position.

A number of other institutional investors have also modified their holdings of NDAQ. Cary Street Partners Investment Advisory LLC raised its stake in shares of Nasdaq by 2.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock worth $441,000 after acquiring an additional 110 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in Nasdaq by 0.4% in the second quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock worth $2,339,000 after purchasing an additional 116 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in shares of Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 120 shares in the last quarter. Fielder Capital Group LLC increased its position in shares of Nasdaq by 3.0% during the second quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 122 shares in the last quarter. Finally, Freedom Investment Management Inc. lifted its holdings in shares of Nasdaq by 2.3% during the 2nd quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 128 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total value of $179,767.00. Following the sale, the executive vice president owned 84,974 shares in the company, valued at $7,256,779.60. This represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NDAQ shares. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. TD Cowen raised their price target on Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Raymond James Financial restated an “outperform” rating and set a $100.00 price objective (up previously from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Barclays reaffirmed an “overweight” rating and issued a $114.00 price objective (up from $109.00) on shares of Nasdaq in a research report on Friday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a research report on Thursday, October 9th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.33.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $92.93 on Wednesday. The company has a 50 day simple moving average of $88.71 and a two-hundred day simple moving average of $90.14. The stock has a market cap of $53.06 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 1.69 and a beta of 1.02. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 earnings per share. As a group, analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

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.