Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 28.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,428 shares of the financial services provider’s stock after selling 22,130 shares during the quarter. Tredje AP fonden’s holdings in Nasdaq were worth $3,280,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NDAQ. Principal Securities Inc. acquired a new stake in Nasdaq in the fourth quarter valued at $82,000. Financial Advocates Investment Management acquired a new position in shares of Nasdaq during the 4th quarter worth $243,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Nasdaq by 21.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,488 shares of the financial services provider’s stock worth $668,000 after buying an additional 2,021 shares during the last quarter. Gladstone Institutional Advisory LLC acquired a new position in shares of Nasdaq during the 4th quarter worth $219,000. Finally, Coldstream Capital Management Inc. raised its stake in shares of Nasdaq by 29.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,189 shares of the financial services provider’s stock worth $360,000 after buying an additional 1,401 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several research reports. Oppenheimer lifted their price target on Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, September 9th. Barclays lifted their price objective on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Bank of America upgraded Nasdaq from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $53.00 to $90.00 in a research report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.08.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $74.29 on Friday. The firm has a market capitalization of $42.73 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.97 and a beta of 0.95. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $74.36. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50-day simple moving average is $68.61 and its 200-day simple moving average is $63.35.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. Equities analysts predict that Nasdaq, Inc. will post 2.74 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s dividend payout ratio is currently 50.53%.

Insider Activity

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of Nasdaq stock in a transaction dated 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 directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.