Quantbot Technologies LP increased its position in Nasdaq Inc (NASDAQ:NDAQ) by 1,347.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,457 shares of the financial services provider’s stock after purchasing an additional 6,011 shares during the period. Quantbot Technologies LP’s holdings in Nasdaq were worth $554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NDAQ. First Hawaiian Bank bought a new position in shares of Nasdaq in the 3rd quarter worth $101,000. Legacy Advisors LLC bought a new position in Nasdaq during the 3rd quarter valued at $116,000. Cornerstone Wealth Management LLC bought a new position in Nasdaq during the 2nd quarter valued at $122,000. Piedmont Investment Advisors LLC bought a new position in Nasdaq during the 2nd quarter valued at $125,000. Finally, Synovus Financial Corp lifted its stake in Nasdaq by 5,285.7% during the 3rd quarter. Synovus Financial Corp now owns 1,885 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 1,850 shares in the last quarter. Institutional investors own 75.53% of the company’s stock.

In other news, insider Ann M. Dennison sold 1,553 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $83.67, for a total transaction of $129,939.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lars Wedenborn sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total value of $224,850.00. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Several brokerages have weighed in on NDAQ. BidaskClub upgraded Nasdaq from a “buy” rating to a “strong-buy” rating in a research note on Friday. Citigroup raised their price objective on Nasdaq from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, December 3rd. Atlantic Securities began coverage on Nasdaq in a research note on Wednesday, November 28th. They set an “overweight” rating and a $105.00 price objective on the stock. ValuEngine cut Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Deutsche Bank dropped their price objective on Nasdaq from $103.00 to $97.00 and set a “buy” rating on the stock in a research note on Thursday, October 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $96.79.

Shares of NASDAQ:NDAQ opened at $87.36 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55. Nasdaq Inc has a 1-year low of $72.98 and a 1-year high of $96.84. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.97 and a beta of 0.50.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.01. Nasdaq had a return on equity of 13.69% and a net margin of 17.95%. The firm had revenue of $600.00 million during the quarter, compared to analyst estimates of $605.67 million. During the same period last year, the firm posted $1.01 EPS. The business’s revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts forecast that Nasdaq Inc will post 4.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, December 13th. Nasdaq’s dividend payout ratio is presently 43.35%.

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Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

Further Reading: Dividend Aristocrat Index

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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