Nasdaq, Inc. (NASDAQ:NDAQ) Shares Purchased by Swedbank AB

Swedbank AB boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.3% during the third quarter, HoldingsChannel reports. The fund owned 46,053 shares of the financial services provider’s stock after buying an additional 5,415 shares during the period. Swedbank AB’s holdings in Nasdaq were worth $3,362,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NDAQ. Y.D. More Investments Ltd lifted its holdings in Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in Nasdaq in the second quarter valued at approximately $26,000. Catalyst Capital Advisors LLC acquired a new position in Nasdaq in the third quarter valued at approximately $27,000. Crewe Advisors LLC lifted its holdings in Nasdaq by 164.4% in the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 314 shares during the last quarter. Finally, Claro Advisors LLC acquired a new position in Nasdaq in the third quarter valued at approximately $33,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Trading Up 0.5 %

NASDAQ NDAQ opened at $83.05 on Thursday. The stock has a market capitalization of $47.73 billion, a P/E ratio of 49.89, a P/E/G ratio of 3.17 and a beta of 0.95. Nasdaq, Inc. has a 52-week low of $53.62 and a 52-week high of $83.50. The firm has a 50-day moving average price of $75.47 and a 200 day moving average price of $68.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities research analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Buying and Selling at Nasdaq

In other news, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now directly owns 142,830 shares of the company’s stock, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,459 shares of company stock valued at $3,811,808. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

NDAQ has been the topic of a number of recent analyst reports. Oppenheimer upped their price objective on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 25th. William Blair started coverage on Nasdaq in a research report on Monday. They issued an “outperform” rating on the stock. Bank of America cut their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Barclays boosted their target price on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.87.

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.