Nordea Investment Management AB Has $38.87 Million Stock Position in Nasdaq, Inc. $NDAQ

Nordea Investment Management AB boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 437,226 shares of the financial services provider's stock after purchasing an additional 7,629 shares during the period. Nordea Investment Management AB owned 0.08% of Nasdaq worth $38,869,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NDAQ. Wealth Enhancement Advisory Services LLC boosted its position in Nasdaq by 18.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,864 shares of the financial services provider's stock valued at $2,872,000 after purchasing an additional 5,789 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Nasdaq by 84.4% in the first quarter. Exchange Traded Concepts LLC now owns 1,254 shares of the financial services provider's stock worth $95,000 after buying an additional 574 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Nasdaq by 7.7% in the first quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock worth $3,274,000 after buying an additional 3,096 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Nasdaq by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 48,497 shares of the financial services provider's stock worth $3,678,000 after buying an additional 1,315 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Nasdaq in the first quarter worth about $91,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Insiders Place Their Bets

In other news, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the transaction, the senior vice president owned 8,879 shares in the company, valued at approximately $829,742.55. This represents a 49.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $95.49, for a total transaction of $201,006.45. Following the transaction, the executive vice president directly owned 92,551 shares of the company's stock, valued at $8,837,694.99. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Nasdaq Stock Up 0.7%

Shares of NDAQ opened at $88.59 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50-day simple moving average of $91.92 and a 200-day simple moving average of $86.39. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $97.63. The firm has a market capitalization of $50.83 billion, a P/E ratio of 34.07, a P/E/G ratio of 1.98 and a beta of 0.98.

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

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.27 per share. The ex-dividend date was Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq's payout ratio is currently 41.54%.

Analyst Ratings Changes

A number of analysts have weighed in on NDAQ shares. Piper Sandler boosted their price target on Nasdaq from $97.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $108.00 price target on shares of Nasdaq in a research report on Thursday, October 9th. Raymond James Financial reiterated an "outperform" rating and issued a $100.00 price objective (up from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $101.00 price objective (up from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and a consensus target price of $97.50.

About Nasdaq

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.

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