Forsta AP Fonden decreased its position in Nasdaq Inc (NASDAQ:NDAQ) by 37.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,618 shares of the financial services provider’s stock after selling 20,200 shares during the period. Forsta AP Fonden’s holdings in Nasdaq were worth $2,583,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bessemer Group Inc. lifted its stake in shares of Nasdaq by 2.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock worth $186,204,000 after acquiring an additional 67,975 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Nasdaq by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock worth $171,614,000 after acquiring an additional 151,864 shares during the period. BT Investment Management Ltd lifted its stake in shares of Nasdaq by 3.2% in the 4th quarter. BT Investment Management Ltd now owns 1,411,226 shares of the financial services provider’s stock worth $108,424,000 after acquiring an additional 43,250 shares during the period. Frontier Capital Management Co. LLC lifted its stake in shares of Nasdaq by 1.3% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock worth $96,957,000 after acquiring an additional 16,264 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Nasdaq by 303.7% in the 4th quarter. American Century Companies Inc. now owns 1,033,797 shares of the financial services provider’s stock worth $79,427,000 after acquiring an additional 777,702 shares during the period. Hedge funds and other institutional investors own 76.49% of the company’s stock.
In other news, insider Lars Ottersgard sold 6,451 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $80.75, for a total transaction of $520,918.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Pc Nelson Griggs sold 2,064 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $76.58, for a total transaction of $158,061.12. The disclosure for this sale can be found here. Insiders have sold 31,701 shares of company stock worth $2,552,781 in the last 90 days. 1.60% of the stock is owned by company insiders.
Shares of Nasdaq Inc (NASDAQ:NDAQ) opened at $79.02 on Friday. Nasdaq Inc has a one year low of $65.98 and a one year high of $83.29. The company has a market cap of $13,361.27, a P/E ratio of 19.00, a P/E/G ratio of 1.72 and a beta of 0.71. The company has a current ratio of 1.05, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63.
Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.00 by $0.05. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. The business had revenue of $635.00 million during the quarter, compared to analyst estimates of $628.36 million. During the same period in the prior year, the business earned $0.95 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. equities analysts predict that Nasdaq Inc will post 4.8 EPS for the current year.
Nasdaq announced that its board has initiated a share buyback plan on Monday, January 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.92%. Nasdaq’s dividend payout ratio is currently 35.19%.
A number of brokerages have recently weighed in on NDAQ. Zacks Investment Research lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. BidaskClub lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Wells Fargo & Co raised shares of Nasdaq from a “market perform” rating to an “outperform” rating and increased their target price for the company from $83.00 to $85.00 in a research note on Monday, February 12th. Bank of America increased their target price on shares of Nasdaq from $79.00 to $82.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. Finally, Jefferies Group reissued a “hold” rating and set a $83.50 target price on shares of Nasdaq in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $82.05.
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Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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