Forsta AP Fonden Has $7.97 Million Holdings in Nasdaq, Inc. $NDAQ

Forsta AP Fonden lifted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 89,100 shares of the financial services provider’s stock after buying an additional 600 shares during the period. Forsta AP Fonden’s holdings in Nasdaq were worth $7,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in Nasdaq in the 1st quarter worth $241,614,000. Invesco Ltd. raised its holdings in Nasdaq by 40.8% in the 1st quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider’s stock valued at $416,795,000 after acquiring an additional 1,592,057 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Nasdaq by 54.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,689,196 shares of the financial services provider’s stock worth $240,468,000 after purchasing an additional 952,354 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Nasdaq by 104.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,655,341 shares of the financial services provider’s stock valued at $125,574,000 after purchasing an additional 845,725 shares during the period. Finally, Jefferies Financial Group Inc. lifted its position in Nasdaq by 2,462.5% in the first quarter. Jefferies Financial Group Inc. now owns 788,249 shares of the financial services provider’s stock worth $59,797,000 after purchasing an additional 757,488 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nasdaq

In other news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NDAQ. The Goldman Sachs Group reissued a “buy” rating on shares of Nasdaq in a report on Friday, July 25th. Barclays set a $109.00 price objective on Nasdaq and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Raymond James Financial restated an “outperform” rating and set a $100.00 target price (up previously from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.67.

Nasdaq Trading Down 1.5%

Shares of NASDAQ NDAQ opened at $87.43 on Friday. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $89.11 and a two-hundred day moving average of $88.49. The company has a market cap of $49.92 billion, a PE ratio of 31.23, a P/E/G ratio of 1.79 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. 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 previous year, the company posted $0.74 EPS. Nasdaq’s revenue was up 14.7% on a year-over-year basis. As a group, equities analysts expect that Nasdaq, Inc. will post 3.18 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 19th. Investors of record on Friday, December 5th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

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.