BI Asset Management Fondsmaeglerselskab A S Has $5.13 Million Position in Nasdaq, Inc. $NDAQ

BI Asset Management Fondsmaeglerselskab A S raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 224.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,950 shares of the financial services provider’s stock after acquiring an additional 40,076 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Nasdaq were worth $5,126,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Front Row Advisors LLC bought a new stake in shares of Nasdaq during the 2nd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Nasdaq in the 2nd quarter worth approximately $27,000. Tripletail Wealth Management LLC bought a new stake in Nasdaq during the third quarter worth approximately $27,000. Access Investment Management LLC acquired a new position in Nasdaq during the second quarter valued at approximately $28,000. Finally, Westside Investment Management Inc. raised its position in shares of Nasdaq by 100.0% in the third quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 159 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NDAQ. Barclays reaffirmed an “overweight” rating and set a $115.00 price objective (up from $114.00) on shares of Nasdaq in a report on Friday, January 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $100.00 price target (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Morgan Stanley set a $116.00 price objective on Nasdaq and gave the stock an “overweight” rating in a research note on Friday, January 30th. TD Cowen raised their target price on Nasdaq from $104.00 to $105.00 and gave the company a “hold” rating in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research report on Friday, January 9th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.13.

Nasdaq Trading Down 0.8%

Shares of NDAQ stock opened at $84.83 on Friday. The firm has a fifty day moving average of $95.64 and a 200-day moving average of $92.59. The stock has a market cap of $48.44 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.41 and a beta of 1.02. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $101.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.99 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. On average, equities research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.08 annualized dividend and a yield of 1.3%. Nasdaq’s payout ratio is currently 34.95%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total value of $450,045.00. Following the sale, the executive vice president directly owned 125,674 shares in the company, valued at $12,568,656.74. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $96.91, for a total value of $29,073,000.00. Following the transaction, the chief executive officer owned 1,924,903 shares of the company’s stock, valued at $186,542,349.73. This represents a 13.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 604,500 shares of company stock worth $58,440,045. 0.70% of the stock is owned by insiders.

Nasdaq Company 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.