Nordea Investment Management AB Has $30.07 Million Stake in Nasdaq, Inc. $NDAQ

Nordea Investment Management AB cut its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 339,507 shares of the financial services provider’s stock after selling 97,719 shares during the quarter. Nordea Investment Management AB owned about 0.06% of Nasdaq worth $30,070,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Nasdaq by 5.3% in the second quarter. Vanguard Group Inc. now owns 55,800,000 shares of the financial services provider’s stock worth $4,989,636,000 after purchasing an additional 2,820,339 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Nasdaq by 33.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 27,274,620 shares of the financial services provider’s stock valued at $2,438,897,000 after buying an additional 6,840,735 shares during the period. Geode Capital Management LLC increased its position in Nasdaq by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 11,456,699 shares of the financial services provider’s stock valued at $1,020,366,000 after buying an additional 89,391 shares in the last quarter. Norges Bank acquired a new position in Nasdaq during the 2nd quarter worth approximately $406,823,000. Finally, Amundi raised its stake in Nasdaq by 55.7% during the 2nd quarter. Amundi now owns 3,535,689 shares of the financial services provider’s stock worth $316,515,000 after buying an additional 1,264,975 shares during the period. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Up 1.2%

NDAQ opened at $100.07 on Thursday. The business’s 50-day moving average price is $92.90 and its 200-day moving average price is $91.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $101.21. The company has a market cap of $57.14 billion, a P/E ratio of 35.74, a P/E/G ratio of 1.59 and a beta of 1.01.

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

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.08 annualized dividend and a yield of 1.1%. Nasdaq’s dividend payout ratio is presently 38.57%.

Insider Activity

In related news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total value of $179,767.00. Following the sale, the executive vice president directly owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This trade represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total value of $450,045.00. Following the transaction, the executive vice president directly owned 125,674 shares of the company’s stock, valued at $12,568,656.74. The trade was a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 306,605 shares of company stock valued at $29,546,812. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a report on Friday, January 9th. JPMorgan Chase & Co. upped their price objective on shares of Nasdaq from $111.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays set a $115.00 target price on shares of Nasdaq and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Cowen reaffirmed a “hold” rating on shares of Nasdaq in a report on Wednesday. Finally, TD Cowen increased their price target on Nasdaq from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $103.53.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.