Nasdaq, Inc. $NDAQ Shares Sold by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,314 shares of the financial services provider’s stock after selling 1,568 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Nasdaq were worth $10,720,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Grove Bank & Trust lifted its stake in Nasdaq by 194.6% during the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 216 shares in the last quarter. Highline Wealth Partners LLC lifted its stake in Nasdaq by 1,509.5% during the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 317 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Nasdaq during the 1st quarter worth about $26,000. First Command Advisory Services Inc. acquired a new position in Nasdaq during the 1st quarter worth about $30,000. Finally, AlphaQuest LLC acquired a new position in Nasdaq during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NDAQ shares. UBS Group raised Nasdaq from a “neutral” rating to a “buy” rating and increased their target price for the stock from $95.00 to $115.00 in a research note on Friday, July 25th. Raymond James Financial restated an “outperform” rating and set a $96.00 price target (up previously from $84.00) on shares of Nasdaq in a report on Wednesday, July 9th. Morgan Stanley upped their price target on Nasdaq from $75.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. The Goldman Sachs Group restated a “buy” rating on shares of Nasdaq in a report on Friday, July 25th. Finally, Oppenheimer restated an “outperform” rating and set a $101.00 price target (up previously from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.06.

Nasdaq Trading Down 0.5%

NDAQ opened at $94.74 on Friday. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63. The company has a market cap of $54.36 billion, a P/E ratio of 36.44, a PEG ratio of 2.09 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50-day simple moving average is $92.48 and its 200-day simple moving average is $83.23.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. Nasdaq’s dividend payout ratio is presently 41.54%.

Insider Activity

In other news, EVP Bradley J. Peterson sold 11,508 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total value of $1,022,715.96. Following the transaction, the executive vice president owned 111,035 shares in the company, valued at approximately $9,867,680.45. This represents a 9.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $93.45, for a total value of $812,173.95. Following the transaction, the senior vice president owned 8,879 shares in the company, valued at $829,742.55. This represents a 49.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,409 shares of company stock worth $2,223,599. 0.70% of the stock is currently owned by insiders.

About Nasdaq

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.