DNB Asset Management AS Increases Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

DNB Asset Management AS boosted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 18.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,255 shares of the financial services provider’s stock after acquiring an additional 10,286 shares during the period. DNB Asset Management AS’s holdings in Nasdaq were worth $3,932,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NDAQ. GAMMA Investing LLC raised its position in Nasdaq by 25.9% during the 2nd quarter. GAMMA Investing LLC now owns 11,698 shares of the financial services provider’s stock worth $705,000 after buying an additional 2,408 shares during the last quarter. SRN Advisors LLC raised its holdings in Nasdaq by 2.8% in the first quarter. SRN Advisors LLC now owns 23,826 shares of the financial services provider’s stock valued at $1,503,000 after buying an additional 646 shares during the period. Keynote Financial Services LLC purchased a new stake in shares of Nasdaq during the first quarter valued at approximately $278,000. Cetera Advisors LLC grew its position in shares of Nasdaq by 43.7% during the first quarter. Cetera Advisors LLC now owns 6,228 shares of the financial services provider’s stock worth $393,000 after buying an additional 1,894 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Nasdaq by 52.7% during the first quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock worth $1,907,000 after buying an additional 10,427 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NDAQ shares. Argus boosted their price target on shares of Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Oppenheimer raised their price objective on shares of Nasdaq from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Barclays increased their target price on shares of Nasdaq from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.25.

Insider Transactions at Nasdaq

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Nasdaq Trading Up 0.2 %

Shares of Nasdaq stock opened at $66.31 on Wednesday. The firm has a market capitalization of $38.14 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94. The company has a current ratio of 0.94, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $61.62 and its 200 day moving average is $60.32. Nasdaq, Inc. has a 1 year low of $46.88 and a 1 year high of $70.01.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities research analysts forecast that Nasdaq, Inc. will post 2.73 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.45%. Nasdaq’s payout ratio is 50.53%.

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.