Nasdaq, Inc. $NDAQ Stock Holdings Raised by Andra AP fonden

Andra AP fonden raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 100.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 156,300 shares of the financial services provider’s stock after purchasing an additional 78,300 shares during the quarter. Andra AP fonden’s holdings in Nasdaq were worth $13,825,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Nasdaq by 2.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 110 shares in the last quarter. Advisors Capital Management LLC lifted its position in Nasdaq by 3.4% in the second quarter. Advisors Capital Management LLC now owns 3,968 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 129 shares during the period. PDS Planning Inc boosted its stake in Nasdaq by 4.9% during the 3rd quarter. PDS Planning Inc now owns 2,830 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 133 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Nasdaq by 4.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,139 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 139 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Nasdaq by 3.3% during the 3rd quarter. Mather Group LLC. now owns 4,380 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 139 shares during the period. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Down 1.1%

Shares of NDAQ stock opened at $87.58 on Friday. The stock’s 50 day simple moving average is $92.79 and its 200 day simple moving average is $91.27. Nasdaq, Inc. has a twelve month low of $64.84 and a twelve month high of $101.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $49.78 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.46 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. As a group, research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s payout ratio is currently 34.95%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the sale, the executive vice president directly owned 125,674 shares in the company, valued at $12,568,656.74. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adena T. Friedman sold 300,000 shares of Nasdaq stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $96.91, for a total value of $29,073,000.00. Following the completion of the transaction, the chief executive officer owned 1,924,903 shares in the company, valued at $186,542,349.73. The trade was a 13.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 604,500 shares of company stock valued at $58,440,045 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on NDAQ shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a report on Friday, January 30th. Argus raised shares of Nasdaq to a “strong-buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a research report on Friday, January 9th. Morgan Stanley set a $116.00 target price on Nasdaq and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, UBS Group reaffirmed a “buy” rating and issued a $120.00 target price (up from $115.00) on shares of Nasdaq in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $103.80.

Nasdaq 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.