Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 45.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 355,300 shares of the financial services provider’s stock after purchasing an additional 111,581 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Nasdaq worth $27,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Citizens Financial Group Inc. RI grew its holdings in shares of Nasdaq by 3.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 137 shares during the last quarter. Allworth Financial LP grew its holdings in Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 141 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 148 shares during the period. Brooklyn Investment Group increased its position in shares of Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 148 shares during the period. Finally, Crestwood Advisors Group LLC raised its stake in shares of Nasdaq by 4.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 152 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Oppenheimer increased their price objective on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Barclays reduced their price objective on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, William Blair started coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Trading Down 0.8 %

Nasdaq stock opened at $72.29 on Wednesday. Nasdaq, Inc. has a 12 month low of $57.96 and a 12 month high of $84.15. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $79.59 and its two-hundred day simple moving average is $77.30. The company has a market capitalization of $41.58 billion, a price-to-earnings ratio of 37.65, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is 50.00%.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by company insiders.

Nasdaq Company 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.