Tredje AP fonden Sells 27,214 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Tredje AP fonden lessened its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 50.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,214 shares of the financial services provider’s stock after selling 27,214 shares during the quarter. Tredje AP fonden’s holdings in Nasdaq were worth $2,104,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its position in Nasdaq by 4.9% during the 3rd quarter. Assetmark Inc. now owns 20,869 shares of the financial services provider’s stock valued at $1,524,000 after buying an additional 984 shares in the last quarter. Atria Investments Inc grew its stake in shares of Nasdaq by 23.5% in the third quarter. Atria Investments Inc now owns 31,665 shares of the financial services provider’s stock worth $2,312,000 after acquiring an additional 6,035 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Nasdaq during the third quarter valued at $58,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Nasdaq by 6.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,106,984 shares of the financial services provider’s stock worth $80,821,000 after purchasing an additional 71,048 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in Nasdaq in the 3rd quarter worth about $660,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

NDAQ opened at $72.17 on Friday. The company’s 50 day moving average is $79.50 and its 200 day moving average is $77.27. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The company has a market cap of $41.51 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 12-month low of $57.96 and a 12-month high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s payout ratio is 50.00%.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NDAQ. JPMorgan Chase & Co. raised their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. William Blair initiated coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating for the company. Oppenheimer upped their price objective on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods increased their target price on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Raymond James boosted their price target on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and an average price target of $86.88.

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.