Nasdaq, Inc. $NDAQ Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 24.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,456 shares of the financial services provider’s stock after selling 26,427 shares during the quarter. Quantbot Technologies LP’s holdings in Nasdaq were worth $7,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC grew its holdings in shares of Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock worth $25,000 after buying an additional 120 shares in the last quarter. Access Investment Management LLC purchased a new position in shares of Nasdaq during the second quarter valued at approximately $28,000. CVA Family Office LLC lifted its stake in shares of Nasdaq by 137.4% during 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 period. AlphaQuest LLC acquired a new stake in Nasdaq during the first quarter worth approximately $34,000. Finally, Evelyn Partners Asset Management Ltd grew its stake in Nasdaq by 268.6% in the 2nd quarter. Evelyn Partners Asset Management Ltd now owns 387 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 282 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Down 1.0%

NDAQ stock opened at $88.51 on Wednesday. The firm has a market cap of $50.54 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 1.79 and a beta of 0.98. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63. The firm has a fifty day moving average price of $87.96 and a two-hundred day moving average price of $89.48. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) 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 company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Nasdaq’s dividend payout ratio is 38.57%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NDAQ. TD Cowen upped their price objective on shares of Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Cowen reiterated a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Raymond James Financial restated an “outperform” rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $97.00 to $110.00 in a research report on Thursday, November 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $101.00.

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the transaction, the executive vice president directly owned 84,974 shares in the company, valued at $7,256,779.60. This represents a 2.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

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.