KLP Kapitalforvaltning AS Buys Shares of 230,684 Nasdaq, Inc. (NASDAQ:NDAQ)

KLP Kapitalforvaltning AS purchased a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 230,684 shares of the financial services provider's stock, valued at approximately $17,834,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock worth $2,835,235,000 after purchasing an additional 24,084,154 shares in the last quarter. State Street Corp lifted its position in Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock worth $1,310,653,000 after buying an additional 1,811,616 shares during the last quarter. Geode Capital Management LLC lifted its position in Nasdaq by 9.5% in the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider's stock valued at $783,181,000 after purchasing an additional 932,665 shares during the last quarter. Harris Associates L P boosted its position in Nasdaq by 14.6% during the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider's stock valued at $627,596,000 after buying an additional 1,096,090 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Nasdaq by 9.7% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,723,392 shares of the financial services provider's stock valued at $309,360,000 after purchasing an additional 330,389 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

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Nasdaq Stock Down 0.9 %

Shares of NDAQ stock traded down $0.68 on Thursday, hitting $76.85. The stock had a trading volume of 951,429 shares, compared to its average volume of 2,612,289. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a one year low of $58.10 and a one year high of $84.15. The business has a 50 day moving average price of $79.24 and a 200 day moving average price of $77.54. The company has a market cap of $44.20 billion, a PE ratio of 40.10, a P/E/G ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is currently 50.00%.

Analyst Ratings Changes

NDAQ has been the subject of several recent research reports. Citigroup raised their price objective on Nasdaq from $78.00 to $84.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Thursday. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.88.

Insider Activity

In other news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.