Andra AP fonden Purchases 78,300 Shares of Nasdaq, Inc. $NDAQ

Andra AP fonden raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 100.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,300 shares of the financial services provider’s stock after acquiring an additional 78,300 shares during the quarter. Andra AP fonden’s holdings in Nasdaq were worth $13,825,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in shares of Nasdaq by 33.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 27,274,620 shares of the financial services provider’s stock worth $2,438,897,000 after buying an additional 6,840,735 shares during the period. Norges Bank purchased a new stake in shares of Nasdaq in the second quarter worth $406,823,000. Vanguard Group Inc. raised its position in shares of Nasdaq by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 59,648,406 shares of the financial services provider’s stock valued at $5,275,902,000 after purchasing an additional 3,848,406 shares during the period. Neuberger Berman Group LLC raised its position in shares of Nasdaq by 261.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,690,186 shares of the financial services provider’s stock valued at $240,556,000 after purchasing an additional 1,946,479 shares during the period. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Nasdaq by 4,365.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,641,123 shares of the financial services provider’s stock valued at $146,749,000 after buying an additional 1,604,368 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $87.58 on Friday. The stock 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. The business’s 50 day moving average is $92.79 and its two-hundred day moving average is $91.27. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70.

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

Nasdaq Dividend Announcement

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

Insider Transactions at Nasdaq

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NDAQ shares. JPMorgan Chase & Co. upped their target price on shares of Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Raymond James Financial reissued an “outperform” rating and set a $109.00 target price on shares of Nasdaq in a research report on Wednesday. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and raised their price target for the stock from $105.00 to $106.00 in a research report on Thursday. Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $103.80.

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.