Nordea Investment Management AB Purchases 373,376 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Nordea Investment Management AB raised its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 1,022.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 409,906 shares of the financial services provider’s stock after acquiring an additional 373,376 shares during the period. Nordea Investment Management AB owned approximately 0.07% of Nasdaq worth $31,743,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in Nasdaq by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 15,123 shares of the financial services provider’s stock worth $1,169,000 after buying an additional 1,926 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Nasdaq during the third quarter valued at about $60,099,000. Retirement Systems of Alabama raised its position in shares of Nasdaq by 8.0% in the 3rd quarter. Retirement Systems of Alabama now owns 90,640 shares of the financial services provider’s stock valued at $6,618,000 after purchasing an additional 6,704 shares during the last quarter. Tidal Investments LLC boosted its stake in Nasdaq by 38.6% in the 3rd quarter. Tidal Investments LLC now owns 60,535 shares of the financial services provider’s stock worth $4,420,000 after purchasing an additional 16,868 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Nasdaq during the 3rd quarter worth approximately $1,266,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Nasdaq Stock Down 0.6 %

Shares of NDAQ opened at $76.36 on Wednesday. The firm has a market cap of $43.89 billion, a P/E ratio of 45.72, a PEG ratio of 3.12 and a beta of 0.98. Nasdaq, Inc. has a 12 month low of $54.90 and a 12 month high of $83.77. The stock’s 50 day moving average is $79.10 and its two-hundred day moving average is $72.52. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. Analysts predict that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

Insider Activity at Nasdaq

In related news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of 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 represents a 8.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now directly owns 205,821 shares in the company, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several research reports. TD Cowen lowered their price objective on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a report on Monday, October 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Six 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.40.

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.