Nykredit A S Acquires New Stake in Nasdaq, Inc. $NDAQ

Nykredit A S bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 962,155 shares of the financial services provider’s stock, valued at approximately $75,837,000. Nykredit A S owned approximately 0.17% of Nasdaq as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NDAQ. MV Capital Management Inc. purchased a new position in shares of Nasdaq during the fourth quarter worth about $28,000. Fiduciary Financial Advisors bought a new position in shares of Nasdaq in the second quarter worth approximately $25,000. Nemes Rush Group LLC purchased a new stake in Nasdaq in the fourth quarter valued at approximately $35,000. Uniplan Investment Counsel Inc. bought a new stake in Nasdaq during the fourth quarter valued at approximately $35,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in Nasdaq in the 4th quarter worth approximately $37,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Down 1.9%

NDAQ opened at $95.72 on Thursday. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average price is $92.10 and its 200-day moving average price is $88.77. The company has a market cap of $53.51 billion, a P/E ratio of 27.91, a P/E/G ratio of 1.71 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business posted $0.85 EPS. Nasdaq’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, equities analysts expect that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s dividend payout ratio is 36.15%.

Analyst Ratings Changes

NDAQ has been the topic of several research reports. Morgan Stanley restated an “overweight” rating and set a $120.00 price objective on shares of Nasdaq in a research report on Friday, July 24th. Barclays reiterated an “overweight” rating and issued a $111.00 target price (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Zacks Research raised Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Raymond James Financial restated an “outperform” rating and set a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Nasdaq presently has an average rating of “Buy” and a consensus price target of $110.30.

Insider Activity

In related news, EVP Bradley J. Peterson sold 13,000 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the sale, the executive vice president directly owned 128,293 shares in the company, valued at $11,881,214.73. This represents a 9.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the sale, the insider directly owned 205,001 shares of the company’s stock, valued at $19,751,846.35. The trade was a 5.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 41,797 shares of company stock valued at $3,926,319. 0.60% of the stock is currently owned by company insiders.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.