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

Andra AP fonden reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 80.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,000 shares of the financial services provider’s stock after selling 55,200 shares during the period. Andra AP fonden’s holdings in Nasdaq were worth $783,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NDAQ. Salem Investment Counselors Inc. lifted its position in shares of Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 201 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in Nasdaq during the second quarter valued at approximately $26,000. LRI Investments LLC bought a new position in Nasdaq during the 1st quarter worth approximately $31,000. Crewe Advisors LLC grew its position in shares of Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 314 shares in the last quarter. Finally, New Millennium Group LLC bought a new stake in shares of Nasdaq in the 2nd quarter valued at approximately $34,000. Institutional investors own 72.47% of the company’s stock.

Insider Activity

In other Nasdaq 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 completion of the sale, the insider now directly owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 0.7 %

NDAQ opened at $72.57 on Friday. The stock’s 50 day moving average price is $67.64 and its 200 day moving average price is $62.84. 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 stock has a market cap of $41.74 billion, a P/E ratio of 38.19, a P/E/G ratio of 2.94 and a beta of 0.95. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $74.17.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business 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%. The company’s revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, research analysts predict that Nasdaq, Inc. will post 2.74 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Analyst Ratings Changes

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

Nasdaq Company 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.