Nasdaq, Inc. (NASDAQ:NDAQ) Stock Position Decreased by Forsta AP Fonden

Forsta AP Fonden cut its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 28.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,700 shares of the financial services provider's stock after selling 30,500 shares during the period. Forsta AP Fonden's holdings in Nasdaq were worth $4,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Public Sector Pension Investment Board grew its holdings in Nasdaq by 6.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 79,058 shares of the financial services provider's stock worth $3,841,000 after acquiring an additional 4,453 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Nasdaq during the third quarter valued at approximately $65,000. Anchor Investment Management LLC acquired a new stake in shares of Nasdaq in the fourth quarter valued at approximately $87,000. DNB Asset Management AS raised its position in Nasdaq by 1.7% in the 4th quarter. DNB Asset Management AS now owns 89,144 shares of the financial services provider's stock worth $5,183,000 after purchasing an additional 1,482 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Nasdaq by 1,486.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,077 shares of the financial services provider's stock worth $179,000 after buying an additional 2,883 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

Shares of NASDAQ NDAQ traded up $0.50 during trading hours on Friday, reaching $62.70. 2,121,927 shares of the stock traded hands, compared to its average volume of 1,751,047. The company has a market capitalization of $36.07 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 3.07 and a beta of 0.94. The company's 50-day simple moving average is $60.36 and its two-hundred day simple moving average is $59.33. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.11 billion. The company's quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. Equities research analysts forecast that Nasdaq, Inc. will post 2.7 EPS for the current year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, June 14th. This is an increase from Nasdaq's previous quarterly dividend of $0.22. Nasdaq's dividend payout ratio is currently 50.53%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NDAQ. Keefe, Bruyette & Woods dropped their price objective on Nasdaq from $75.00 to $74.00 and set an "outperform" rating on the stock in a research note on Friday, April 26th. Argus raised their target price on shares of Nasdaq from $64.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, May 14th. Barclays upped their price target on shares of Nasdaq from $73.00 to $74.00 and gave the company an "overweight" rating in a report on Wednesday. StockNews.com lowered shares of Nasdaq from a "hold" rating to a "sell" rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $73.00 target price for the company in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $67.08.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,036 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the transaction, the executive vice president now directly owns 58,636 shares of the company's stock, valued at $3,511,710.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.