Avanza Fonder AB Takes $2.46 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Avanza Fonder AB acquired a new position in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 31,801 shares of the financial services provider's stock, valued at approximately $2,459,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NDAQ. Nomura Asset Management Co. Ltd. increased its stake in shares of Nasdaq by 49.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider's stock valued at $11,987,000 after buying an additional 54,594 shares during the period. USA Financial Formulas bought a new stake in Nasdaq in the fourth quarter valued at approximately $856,000. Cumberland Partners Ltd acquired a new stake in Nasdaq during the 3rd quarter valued at approximately $10,400,000. Thompson Siegel & Walmsley LLC bought a new position in Nasdaq during the 3rd quarter worth approximately $2,701,000. Finally, Dimensional Fund Advisors LP raised its stake in Nasdaq by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,358,843 shares of the financial services provider's stock worth $142,144,000 after buying an additional 174,778 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NDAQ. StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday, December 14th. Oppenheimer raised their target price on Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. TD Cowen dropped their price target on Nasdaq from $81.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Citigroup raised their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Finally, Barclays reduced their target price on Nasdaq from $97.00 to $96.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and a consensus target price of $85.73.

Nasdaq Stock Up 0.6 %

Nasdaq stock traded up $0.44 during midday trading on Friday, hitting $78.83. 2,714,641 shares of the stock were exchanged, compared to its average volume of 2,235,793. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $45.31 billion, a price-to-earnings ratio of 47.20, a price-to-earnings-growth ratio of 2.59 and a beta of 0.98. Nasdaq, Inc. has a 52-week low of $54.90 and a 52-week high of $83.77. The business's 50-day moving average price is $79.29 and its 200-day moving average price is $73.31.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq's quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. On average, research analysts expect that Nasdaq, Inc. will post 2.8 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, December 6th. Nasdaq's payout ratio is 57.49%.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the business's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares of the company's stock, valued at $8,072,268.75. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,459 shares of company stock valued at $3,811,808. 0.70% of the stock is owned by insiders.

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.