Swedbank AB Buys 35,015 Shares of Nasdaq, Inc. $NDAQ

Swedbank AB raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 74.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,068 shares of the financial services provider’s stock after acquiring an additional 35,015 shares during the quarter. Swedbank AB’s holdings in Nasdaq were worth $7,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. US Bancorp DE raised its holdings in shares of Nasdaq by 35.9% during the second quarter. US Bancorp DE now owns 64,153 shares of the financial services provider’s stock worth $5,737,000 after acquiring an additional 16,950 shares during the period. Pallas Capital Advisors LLC acquired a new stake in shares of Nasdaq in the 2nd quarter valued at about $498,000. 111 Capital lifted its holdings in shares of Nasdaq by 67.0% in the second quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 4,450 shares in the last quarter. Fiduciary Alliance LLC boosted its position in shares of Nasdaq by 18.9% during the second quarter. Fiduciary Alliance LLC now owns 25,012 shares of the financial services provider’s stock worth $2,237,000 after buying an additional 3,976 shares during the period. Finally, Paradigm Asset Management Co. LLC bought a new position in shares of Nasdaq during the second quarter worth about $1,511,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $99.35 on Friday. The stock has a market capitalization of $56.73 billion, a PE ratio of 35.48, a P/E/G ratio of 1.78 and a beta of 1.02. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $99.42. The firm has a fifty day simple moving average of $89.92 and a 200 day simple moving average of $90.79. 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 (NASDAQ:NDAQ) last posted its quarterly 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 for the quarter, compared to analyst estimates of $1.29 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 earnings per share. On average, research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, December 5th. Nasdaq’s dividend payout ratio (DPR) is 38.57%.

Insider Buying and Selling

In related news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the transaction, the executive vice president owned 84,974 shares in the company, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NDAQ. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a research note on Thursday, October 9th. Raymond James Financial reiterated an “outperform” rating and issued a $100.00 price objective (up from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Cowen reissued a “hold” rating on shares of Nasdaq in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research report on Tuesday, October 14th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $111.00 price target (up from $110.00) on shares of Nasdaq in a research note on Monday, December 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $101.40.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.