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

Swedbank AB lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 13.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,053 shares of the financial services provider’s stock after purchasing an additional 5,415 shares during the quarter. Swedbank AB’s holdings in Nasdaq were worth $3,362,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd boosted its position in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Nasdaq in the 2nd quarter worth $26,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Nasdaq in the 3rd quarter worth $27,000. Crewe Advisors LLC boosted 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 purchasing an additional 314 shares in the last quarter. Finally, Claro Advisors LLC purchased a new position in Nasdaq in the 3rd quarter worth $33,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of research analyst reports. William Blair initiated coverage on Nasdaq in a research note on Monday. They issued an “outperform” rating for the company. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 target price on shares of Nasdaq in a research note on Tuesday, November 19th. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays raised their target price on Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Piper Sandler raised their target price on Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $80.87.

Insider Buying and Selling

In other news, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the transaction, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. The trade was a 2.71 % 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 business’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 value of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,459 shares of company stock worth $3,811,808. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $83.05 on Thursday. 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, Inc. has a twelve month low of $53.62 and a twelve month high of $83.50. The business has a 50-day moving average price of $75.47 and a 200 day moving average price of $68.46. The firm has a market cap of $47.73 billion, a PE ratio of 49.89, a P/E/G ratio of 3.17 and a beta of 0.95.

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

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

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.