Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,214 shares of the financial services provider's stock after selling 27,214 shares during the period. Tredje AP fonden's holdings in Nasdaq were worth $2,104,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Citizens Financial Group Inc. RI boosted its stake in Nasdaq by 3.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock worth $290,000 after purchasing an additional 137 shares during the period. Allworth Financial LP boosted its stake in Nasdaq by 12.3% during the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock worth $104,000 after purchasing an additional 141 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Nasdaq by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock worth $759,000 after purchasing an additional 148 shares during the period. Brooklyn Investment Group boosted its stake in Nasdaq by 8.5% during the 4th quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock worth $147,000 after purchasing an additional 148 shares during the period. Finally, Crestwood Advisors Group LLC boosted its stake in Nasdaq by 4.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock worth $295,000 after purchasing an additional 152 shares during the period. 72.47% of the stock is owned by hedge funds and other institutional investors.

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Nasdaq Price Performance

NDAQ traded up $0.75 during midday trading on Tuesday, reaching $75.30. 2,633,296 shares of the company's stock were exchanged, compared to its average volume of 2,773,221. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market capitalization of $43.31 billion, a PE ratio of 39.22, a P/E/G ratio of 2.12 and a beta of 0.96. The business's 50-day moving average price is $79.25 and its 200 day moving average price is $77.36. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, March 14th. Nasdaq's payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NDAQ shares. JPMorgan Chase & Co. increased their price target 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. Oppenheimer raised their target price on shares of Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. William Blair began coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an "outperform" rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and raised their target price for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Finally, UBS Group raised their target price on shares of Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and a consensus target price of $86.88.

Insider Activity

In other news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company 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.