Czech National Bank Has $4.37 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Czech National Bank increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,510 shares of the financial services provider’s stock after purchasing an additional 5,641 shares during the period. Czech National Bank’s holdings in Nasdaq were worth $4,369,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NDAQ. Smithfield Trust Co raised its holdings in shares of Nasdaq by 22.0% during the first quarter. Smithfield Trust Co now owns 960 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 173 shares during the period. Greenleaf Trust raised its stake in Nasdaq by 1.6% during the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock worth $715,000 after buying an additional 183 shares during the period. Salem Investment Counselors Inc. boosted its holdings in Nasdaq by 89.3% in the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 201 shares in the last quarter. Cigna Investments Inc. New grew its stake in Nasdaq by 5.6% in the first quarter. Cigna Investments Inc. New now owns 3,872 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 205 shares during the period. Finally, Hilltop National Bank grew its stake in Nasdaq by 18.6% in the second quarter. Hilltop National Bank now owns 1,591 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 250 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NDAQ shares. Rosenblatt Securities lowered Nasdaq from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $76.00 to $64.00 in a research report on Wednesday, May 8th. Argus raised their price target on shares of Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Keefe, Bruyette & Woods lifted their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Oppenheimer increased their price objective on Nasdaq from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Barclays lifted their target price on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.25.

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the transaction, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Performance

NDAQ stock traded up $0.12 during midday trading on Monday, hitting $68.21. The company’s stock had a trading volume of 276,152 shares, compared to its average volume of 3,015,328. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $70.01. The stock has a market cap of $39.23 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 2.72 and a beta of 0.94. The stock’s 50-day moving average price is $62.12 and its 200 day moving average price is $60.51. The company has a quick ratio of 0.99, a current ratio of 0.94 and a debt-to-equity ratio of 0.85.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. 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 firm earned $0.71 EPS. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. On average, equities analysts forecast that Nasdaq, Inc. will post 2.73 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, September 13th. Nasdaq’s dividend payout ratio is currently 50.53%.

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.