Fjarde AP Fonden Fourth Swedish National Pension Fund Has $6.48 Million Stock Position in Nasdaq, Inc. $NDAQ

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund has reduced its stake in Nasdaq, Inc. by 12.6%, selling 12,300 shares, leaving it with a total of 85,415 shares valued at approximately $6.48 million.
• Nasdaq reported an earnings per share (EPS) of $0.85 for the last quarter, surpassing analysts' estimates by $0.07, with total revenue reaching $1.31 billion, a 12.7% increase year-over-year.
• The company has announced a quarterly dividend of $0.27, representing an annual yield of 1.1%, with the payment scheduled for September 26.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 12.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 85,415 shares of the financial services provider's stock after selling 12,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Nasdaq were worth $6,480,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vestcor Inc raised its position in Nasdaq by 1.6% during the 1st quarter. Vestcor Inc now owns 8,825 shares of the financial services provider's stock worth $669,000 after buying an additional 141 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Nasdaq by 1.0% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock worth $1,260,000 after purchasing an additional 157 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Nasdaq by 4.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock worth $317,000 after purchasing an additional 164 shares during the period. Wesbanco Bank Inc. grew its stake in Nasdaq by 7.1% in the 1st quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock valued at $215,000 after acquiring an additional 187 shares during the last quarter. Finally, Grove Bank & Trust grew its stake in Nasdaq by 194.6% in the 1st quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 216 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NDAQ shares. UBS Group raised shares of Nasdaq from a "neutral" rating to a "buy" rating and raised their price target for the stock from $95.00 to $115.00 in a research note on Friday, July 25th. The Goldman Sachs Group reissued a "buy" rating on shares of Nasdaq in a research report on Friday, July 25th. Oppenheimer reaffirmed an "outperform" rating and set a $101.00 price target (up from $96.00) on shares of Nasdaq in a research report on Tuesday, July 15th. Barclays raised their target price on Nasdaq from $101.00 to $109.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $96.00 target price (up from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $97.06.

Nasdaq Stock Up 0.4%

Shares of NDAQ traded up $0.34 during midday trading on Wednesday, hitting $94.17. The company had a trading volume of 993,991 shares, compared to its average volume of 3,300,518. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63. The company's 50 day moving average price is $91.15 and its 200 day moving average price is $82.54. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. The stock has a market cap of $54.03 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 2.07 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.26 billion. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. Nasdaq's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 12th. Nasdaq's payout ratio is presently 41.54%.

Insider Activity

In other news, EVP Jeremy Skule sold 2,105 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the sale, the executive vice president owned 92,551 shares in the company, valued at $8,837,694.99. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the sale, the executive vice president owned 111,035 shares in the company, valued at $9,867,680.45. This represents a 9.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,409 shares of company stock worth $2,887,839 over the last three months. 0.70% of the stock is 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.