Handelsbanken Fonder AB Increases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Handelsbanken Fonder AB grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,050,726 shares of the financial services provider’s stock after buying an additional 80,356 shares during the quarter. Handelsbanken Fonder AB’s holdings in Nasdaq were worth $76,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd lifted its holdings in Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares during the period. Salem Investment Counselors Inc. lifted its stake in shares of Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 201 shares during the period. Hobbs Group Advisors LLC purchased a new position in shares of Nasdaq in the second quarter worth approximately $26,000. LRI Investments LLC bought a new stake in Nasdaq during the first quarter valued at approximately $31,000. Finally, Crewe Advisors LLC increased its holdings in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after buying an additional 314 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded down $0.80 during midday trading on Friday, reaching $72.12. 2,519,293 shares of the company were exchanged, compared to its average volume of 2,913,291. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. The stock has a market cap of $41.48 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95. The business’s fifty day moving average is $70.92 and its two-hundred day moving average is $64.50. Nasdaq, Inc. has a one year low of $47.56 and a one year high of $74.88.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. As a group, analysts predict that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Friday, September 13th. Nasdaq’s payout ratio is 50.53%.

Insiders Place Their Bets

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NDAQ shares. Oppenheimer lifted their price target on shares of Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, September 9th. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Barclays upped their price target on Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group increased their target price on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $74.40.

Nasdaq 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.