Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 1,022.1% in the fourth quarter, Holdings Channel reports. The fund owned 409,906 shares of the financial services provider’s stock after purchasing an additional 373,376 shares during the period. Nordea Investment Management AB’s holdings in Nasdaq were worth $31,743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NDAQ. GAMMA Investing LLC increased its position in Nasdaq by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 15,123 shares of the financial services provider’s stock worth $1,169,000 after purchasing an additional 1,926 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Nasdaq in the 3rd quarter valued at approximately $60,099,000. Retirement Systems of Alabama increased its holdings in shares of Nasdaq by 8.0% during the 3rd quarter. Retirement Systems of Alabama now owns 90,640 shares of the financial services provider’s stock worth $6,618,000 after buying an additional 6,704 shares during the last quarter. Tidal Investments LLC raised its position in shares of Nasdaq by 38.6% during the 3rd quarter. Tidal Investments LLC now owns 60,535 shares of the financial services provider’s stock valued at $4,420,000 after buying an additional 16,868 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Nasdaq in the third quarter worth approximately $1,266,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NDAQ shares. Bank of America decreased their price target on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. TD Cowen decreased their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Morgan Stanley upped their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Piper Sandler increased their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.40.

Nasdaq Stock Down 0.6 %

Shares of NASDAQ:NDAQ opened at $76.36 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $83.77. The stock has a market cap of $43.89 billion, a price-to-earnings ratio of 45.72, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The firm’s 50 day moving average price is $79.10 and its 200 day moving average price is $72.52.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities research analysts predict that Nasdaq, Inc. will post 2.79 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. Nasdaq’s payout ratio is currently 57.49%.

Insider Transactions at Nasdaq

In related news, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction of $444,086.28. Following the sale, the insider now directly owns 205,821 shares in the company, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total transaction of $935,040.00. Following the completion of the transaction, the executive vice president now owns 114,580 shares of the company’s stock, valued at $8,928,073.60. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,459 shares of company stock worth $3,811,808. 0.70% of the stock is currently owned by insiders.

Nasdaq Company 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.