Axa S.A. Has $7.02 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Axa S.A. decreased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 27.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,448 shares of the financial services provider’s stock after selling 43,410 shares during the period. Axa S.A.’s holdings in Nasdaq were worth $7,017,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smithfield Trust Co increased its stake in Nasdaq by 22.0% in the 1st quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock valued at $59,000 after buying an additional 173 shares during the period. Greenleaf Trust grew its holdings in shares of Nasdaq by 1.6% during the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 183 shares in the last quarter. Evergreen Capital Management LLC increased its stake in shares of Nasdaq by 5.4% in the second quarter. Evergreen Capital Management LLC now owns 3,826 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 197 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Nasdaq by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 32,647 shares of the financial services provider’s stock worth $1,967,000 after acquiring an additional 200 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its position in Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 201 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several research reports. Bank of America raised Nasdaq from an “underperform” rating to a “buy” rating and upped their target price for the stock from $53.00 to $90.00 in a research report on Wednesday, September 4th. Barclays increased their price objective on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Oppenheimer lifted their target price on shares of Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft increased their price target 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. Finally, TD Cowen began coverage on shares of Nasdaq in a research note on Thursday. They issued a “hold” rating and a $83.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and a consensus price target of $73.87.

Nasdaq Trading Up 0.1 %

Nasdaq stock opened at $72.60 on Friday. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $74.88. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $41.76 billion, a PE ratio of 38.21, a PEG ratio of 3.04 and a beta of 0.95. The business’s 50-day simple moving average is $70.10 and its 200-day simple moving average is $64.07.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping 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 company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities research analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

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.