Forsta AP Fonden increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 30.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,581 shares of the financial services provider’s stock after buying an additional 22,400 shares during the period. Forsta AP Fonden owned about 0.06% of Nasdaq worth $6,905,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its stake in Nasdaq by 1.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock worth $1,069,202,000 after buying an additional 146,050 shares during the period. Vanguard Group Inc. raised its stake in Nasdaq by 3.8% in the first quarter. Vanguard Group Inc. now owns 11,262,495 shares of the financial services provider’s stock worth $782,180,000 after buying an additional 416,910 shares during the period. BlackRock Inc. raised its stake in Nasdaq by 3,831.1% in the first quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock worth $662,992,000 after buying an additional 9,303,493 shares during the period. State Street Corp raised its stake in Nasdaq by 0.4% in the first quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock worth $367,865,000 after buying an additional 20,813 shares during the period. Finally, Clearbridge Investments LLC raised its stake in Nasdaq by 13.1% in the first quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock worth $214,929,000 after buying an additional 358,414 shares during the period. 75.50% of the stock is owned by institutional investors.
Nasdaq, Inc. (NDAQ) traded up 0.36% on Tuesday, reaching $72.90. The company’s stock had a trading volume of 106,220 shares. Nasdaq, Inc. has a one year low of $63.30 and a one year high of $73.35. The firm has a 50-day moving average of $70.94 and a 200-day moving average of $69.60. The company has a market capitalization of $12.04 billion, a PE ratio of 84.97 and a beta of 0.75.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.05. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The firm had revenue of $583 million during the quarter, compared to the consensus estimate of $593.46 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. Analysts predict that Nasdaq, Inc. will post $4.11 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Wednesday, June 14th. This is an increase from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s payout ratio is currently 183.13%.
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A number of equities research analysts have recently weighed in on NDAQ shares. Deutsche Bank AG reissued a “buy” rating and issued a $77.00 target price (down previously from $79.00) on shares of Nasdaq in a research note on Monday, May 15th. BidaskClub lowered Nasdaq from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Citigroup Inc. started coverage on Nasdaq in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 target price for the company. Royal Bank Of Canada boosted their target price on Nasdaq from $70.00 to $74.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $74.00.
In other news, Director Lars Wedenborn sold 10,000 shares of Nasdaq stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $68.38, for a total transaction of $683,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company’s stock.
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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