PensionDanmark Pensionsforsikringsaktieselskab Has $8.20 Million Stock Holdings in Nasdaq, Inc. $NDAQ

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 9.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 103,999 shares of the financial services provider’s stock after purchasing an additional 8,707 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Nasdaq were worth $8,197,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Empowered Funds LLC lifted its stake in Nasdaq by 3.8% in the 1st quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after acquiring an additional 538 shares in the last quarter. Woodline Partners LP grew its stake in Nasdaq by 40.7% during the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after acquiring an additional 10,110 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 2,584 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Nasdaq by 345.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 463 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in shares of Nasdaq by 4.4% during the second quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider’s stock worth $1,018,000 after purchasing an additional 481 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays reaffirmed an “overweight” rating and set a $111.00 price objective (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Rothschild & Co Redburn set a $110.00 target price on shares of Nasdaq in a research note on Thursday, June 11th. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Zacks Research upgraded Nasdaq from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Two investment 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $110.30.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $94.59 on Friday. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day moving average of $88.12 and a two-hundred day moving average of $88.17. The stock has a market capitalization of $52.87 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.27 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Bradley J. Peterson sold 13,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the sale, the executive vice president owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ab Investor acquired 56,782 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the purchase, the insider directly owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 41,797 shares of company stock valued at $3,926,319 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

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.