342,632 Shares in Nasdaq, Inc. $NDAQ Acquired by Danske Bank A S

Danske Bank A S acquired a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 342,632 shares of the financial services provider's stock, valued at approximately $27,006,000. Danske Bank A S owned 0.06% of Nasdaq at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. bought a new position in Nasdaq during the fourth quarter worth about $28,000. Nemes Rush Group LLC bought a new stake in Nasdaq in the 4th quarter valued at about $35,000. Uniplan Investment Counsel Inc. bought a new stake in Nasdaq in the 4th quarter valued at about $35,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Nasdaq during the 4th quarter worth approximately $37,000. Finally, Signature Equity Partners LLC grew its position in shares of Nasdaq by 60.3% during the 1st quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider's stock worth $40,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Loop Capital set a $113.00 target price on Nasdaq in a research report on Friday, April 24th. Barclays reissued an "overweight" rating and issued a $111.00 price objective (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Nasdaq in a research report on Monday, July 20th. Wall Street Zen upgraded Nasdaq from a "sell" rating to a "hold" rating in a report on Sunday, May 3rd. Finally, Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research note on Thursday, June 11th. Two research 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 stock. According to MarketBeat.com, Nasdaq has an average rating of "Buy" and an average price target of $110.30.

Insider Transactions at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the sale, the insider directly owned 205,001 shares in the company, valued at $19,751,846.35. This represents a 5.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bradley J. Peterson sold 13,000 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the sale, the executive vice president owned 128,293 shares in the company, valued at $11,881,214.73. This trade represents a 9.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 41,797 shares of company stock valued at $3,926,319. 0.60% of the stock is currently owned by corporate insiders.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $96.35 on Thursday. The company has a market capitalization of $53.86 billion, a PE ratio of 28.09, a PEG ratio of 1.30 and a beta of 0.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock's 50 day moving average price is $89.45 and its 200-day moving average price is $87.96. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.09. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company's revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, September 11th. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. Nasdaq's dividend payout ratio is currently 36.15%.

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.

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