Tredje AP fonden Sells 27,509 Shares of Nasdaq, Inc. $NDAQ

Tredje AP fonden trimmed its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 38.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 44,816 shares of the financial services provider’s stock after selling 27,509 shares during the quarter. Tredje AP fonden’s holdings in Nasdaq were worth $3,964,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC grew its position in Nasdaq by 2.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 110 shares during the last quarter. Leavell Investment Management Inc. boosted its position in shares of Nasdaq by 0.4% during the 2nd quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock valued at $2,339,000 after purchasing an additional 116 shares in the last quarter. Fielder Capital Group LLC increased its stake in Nasdaq by 3.0% in the second quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 122 shares in the last quarter. Freedom Investment Management Inc. grew its stake in Nasdaq by 2.3% in the second quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock valued at $508,000 after acquiring an additional 128 shares during the period. Finally, Advisors Capital Management LLC increased its stake in Nasdaq by 3.4% during the 2nd quarter. Advisors Capital Management LLC now owns 3,968 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 129 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Insider Activity at Nasdaq

In related news, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $96.39, for a total value of $28,917,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at approximately $185,541,400.17. This represents a 13.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the transaction, the executive vice president directly owned 125,674 shares in the company, valued at $12,568,656.74. This trade represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 604,500 shares of company stock worth $58,440,045. Company insiders own 0.70% of the company’s stock.

Nasdaq Stock Up 0.6%

NASDAQ NDAQ opened at $81.87 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The stock has a market cap of $46.54 billion, a PE ratio of 26.50, a P/E/G ratio of 1.34 and a beta of 1.02. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $101.79. The stock’s 50 day moving average is $93.76 and its 200 day moving average is $91.66.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. Research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s dividend payout ratio (DPR) is presently 34.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NDAQ shares. TD Cowen upped their price objective on shares of Nasdaq from $104.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a report on Friday, January 30th. Morgan Stanley set a $116.00 price target on shares of Nasdaq and gave the stock an “overweight” rating in a report on Friday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Finally, Barclays restated an “overweight” rating and set a $115.00 target price (up from $114.00) on shares of Nasdaq in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Nasdaq presently has an average rating of “Moderate Buy” and a consensus price target of $103.13.

Nasdaq Profile

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.