BI Asset Management Fondsmaeglerselskab A S Increases Position in Nasdaq, Inc. $NDAQ

BI Asset Management Fondsmaeglerselskab A S grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 32.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,898 shares of the financial services provider’s stock after buying an additional 19,249 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Nasdaq were worth $6,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc grew its stake in shares of Nasdaq by 1.6% in the fourth quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock worth $277,329,000 after acquiring an additional 45,783 shares in the last quarter. M&T Bank Corp raised its stake in shares of Nasdaq by 27.5% in the fourth quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock valued at $5,933,000 after acquiring an additional 13,160 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Nasdaq in the fourth quarter valued at $1,245,000. Advisors Preferred LLC purchased a new position in Nasdaq in the fourth quarter valued at $4,872,000. Finally, Intech Investment Management LLC boosted its holdings in Nasdaq by 129.2% in the third quarter. Intech Investment Management LLC now owns 55,134 shares of the financial services provider’s stock valued at $4,877,000 after purchasing an additional 31,081 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Up 0.4%

Nasdaq stock opened at $82.61 on Tuesday. The stock has a market cap of $46.72 billion, a PE ratio of 24.88, a P/E/G ratio of 1.64 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s fifty day moving average is $88.69 and its two-hundred day moving average is $89.92. Nasdaq, Inc. has a 1-year low of $77.09 and a 1-year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, sell-side analysts expect that Nasdaq, Inc. will post 3.86 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.5%. This is a boost from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s payout ratio is presently 37.35%.

Insider Transactions at Nasdaq

In related news, major shareholder Ab Investor acquired 56,782 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the purchase, the insider directly owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adena T. Friedman sold 113,611 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total value of $9,706,923.84. Following the completion of the sale, the chief executive officer directly owned 1,965,751 shares of the company’s stock, valued at approximately $167,953,765.44. This trade represents a 5.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 138,162 shares of company stock valued at $11,932,913 over the last quarter. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several recent research reports. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Loop Capital set a $113.00 price objective on Nasdaq in a research note on Friday, April 24th. Barclays boosted their price objective on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Finally, Raymond James Financial restated an “outperform” rating and set a $109.00 target price on shares of Nasdaq in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.79.

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.