Handelsbanken Fonder AB Grows Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Handelsbanken Fonder AB increased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,050,726 shares of the financial services provider’s stock after buying an additional 80,356 shares during the quarter. Handelsbanken Fonder AB owned 0.18% of Nasdaq worth $76,714,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NDAQ. Harbor Investment Advisory LLC increased its position in shares of Nasdaq by 23,571.4% in the third quarter. Harbor Investment Advisory LLC now owns 6,628 shares of the financial services provider’s stock valued at $484,000 after acquiring an additional 6,600 shares during the period. Park Avenue Securities LLC grew its stake in shares of Nasdaq by 22.0% in the third quarter. Park Avenue Securities LLC now owns 6,273 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 1,131 shares during the last quarter. Czech National Bank increased its holdings in Nasdaq by 16.3% during the 3rd quarter. Czech National Bank now owns 84,298 shares of the financial services provider’s stock valued at $6,155,000 after purchasing an additional 11,788 shares during the period. American National Bank & Trust raised its position in Nasdaq by 14.9% during the 3rd quarter. American National Bank & Trust now owns 6,224 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 809 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Nasdaq in the 2nd quarter worth approximately $2,471,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Stock Down 1.1 %

NASDAQ:NDAQ traded down $0.80 during trading hours on Friday, reaching $72.12. 2,519,293 shares of the company traded hands, compared to its average volume of 2,913,291. Nasdaq, Inc. has a 1 year low of $47.56 and a 1 year high of $74.88. The stock has a market capitalization of $41.48 billion, a P/E ratio of 37.96, a P/E/G ratio of 3.04 and a beta of 0.95. The business’s 50-day moving average price is $70.92 and its two-hundred day moving average price is $64.50. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. Nasdaq’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. Analysts predict that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Friday, September 13th. Nasdaq’s payout ratio is 50.53%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank of Canada assumed coverage on Nasdaq in a research note on Friday, September 27th. They set an “outperform” rating and a $88.00 target price on the stock. Bank of America decreased their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a report on Thursday. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, Oppenheimer lifted their price objective on Nasdaq from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.40.

Insider Activity at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction that occurred on 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

Nasdaq 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.