Nasdaq, Inc. $NDAQ Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 17.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,489 shares of the financial services provider’s stock after selling 717 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Nasdaq were worth $312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC raised its holdings in shares of Nasdaq by 72.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. CVA Family Office LLC increased its holdings in Nasdaq by 137.4% in the second quarter. CVA Family Office LLC now owns 368 shares of the financial services provider’s stock valued at $33,000 after buying an additional 213 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in Nasdaq in the first quarter valued at $30,000. Bayforest Capital Ltd acquired a new stake in Nasdaq in the second quarter valued at $37,000. Finally, AlphaQuest LLC purchased a new stake in Nasdaq during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on NDAQ shares. Oppenheimer reiterated an “outperform” rating and issued a $101.00 price objective (up previously from $96.00) on shares of Nasdaq in a report on Tuesday, July 15th. Morgan Stanley set a $90.00 price target on shares of Nasdaq and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Barclays set a $109.00 price objective on shares of Nasdaq and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Nasdaq from $97.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, TD Cowen boosted their price target on shares of Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $98.56.

Nasdaq Stock Performance

Shares of NDAQ opened at $85.42 on Thursday. The company’s 50 day simple moving average is $90.81 and its 200-day simple moving average is $87.53. The firm has a market cap of $48.77 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 1.84 and a beta of 0.98. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business earned $0.74 EPS. Nasdaq’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, December 5th. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio is 38.57%.

Insider Activity

In related news, 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 owned 92,551 shares of the company’s stock, valued at $8,837,694.99. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq 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.