Nasdaq, Inc. $NDAQ Position Increased by Forsta AP Fonden

Forsta AP Fonden grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,100 shares of the financial services provider’s stock after buying an additional 600 shares during the quarter. Forsta AP Fonden’s holdings in Nasdaq were worth $7,967,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Nasdaq by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 52,979,661 shares of the financial services provider’s stock valued at $4,019,037,000 after acquiring an additional 403,248 shares in the last quarter. Harris Associates L P raised its stake in Nasdaq by 1.2% during the 1st quarter. Harris Associates L P now owns 8,693,469 shares of the financial services provider’s stock valued at $659,487,000 after purchasing an additional 101,983 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Nasdaq by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 5,785,047 shares of the financial services provider’s stock valued at $438,854,000 after purchasing an additional 484,750 shares in the last quarter. Invesco Ltd. boosted its position in shares of Nasdaq by 40.8% in the first quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider’s stock worth $416,795,000 after buying an additional 1,592,057 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Nasdaq by 1.8% during the first quarter. Northern Trust Corp now owns 4,064,551 shares of the financial services provider’s stock valued at $308,337,000 after buying an additional 70,155 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $87.43 on Friday. The business’s 50-day simple moving average is $89.11 and its 200-day simple moving average is $88.49. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $49.92 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 1.79 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.27 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $103.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Piper Sandler increased their price objective on Nasdaq from $97.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. The Goldman Sachs Group restated a “buy” rating on shares of Nasdaq in a research note on Friday, July 25th. Finally, UBS Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and lifted their price target for the company from $95.00 to $115.00 in a report on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.67.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the transaction, the executive vice president owned 84,974 shares in the company, valued at $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.70% of the company’s stock.

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.