Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 97,715 shares of the financial services provider’s stock after selling 3,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Nasdaq were worth $7,554,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in Nasdaq in the third quarter worth about $27,000. Founders Capital Management acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Nasdaq in the 4th quarter worth approximately $33,000. Raleigh Capital Management Inc. boosted its position in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares during the period. Finally, Focused Wealth Management Inc bought a new position in Nasdaq during the 3rd quarter worth $35,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $79.94 on Tuesday. Nasdaq, Inc. has a 52-week low of $55.51 and a 52-week high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a market cap of $45.95 billion, a P/E ratio of 41.64, a PEG ratio of 2.12 and a beta of 0.99. The business’s 50-day moving average price is $79.62 and its 200 day moving average price is $76.64.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, sell-side analysts predict 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 Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.20%. Nasdaq’s dividend payout ratio is currently 50.00%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NDAQ shares. Raymond James raised their target price on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. UBS Group lifted their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Citigroup upped their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. Finally, Argus boosted their price objective on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

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.