Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,935 shares of the financial services provider’s stock after acquiring an additional 298 shares during the period. Quotient Wealth Partners LLC’s holdings in Nasdaq were worth $433,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Nasdaq by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock valued at $3,043,936,000 after buying an additional 3,173,981 shares in the last quarter. Farallon Capital Management LLC boosted its stake in Nasdaq by 28.4% in the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after acquiring an additional 1,866,219 shares in the last quarter. Bain Capital Public Equity Management II LLC acquired a new position in Nasdaq in the fourth quarter valued at $96,241,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of Nasdaq by 283.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider’s stock worth $72,880,000 after purchasing an additional 853,414 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Nasdaq by 67.6% during the second quarter. Principal Financial Group Inc. now owns 2,022,546 shares of the financial services provider’s stock worth $121,879,000 after purchasing an additional 815,946 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of research analyst reports. UBS Group upped their target price on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday. Keefe, Bruyette & Woods increased their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Piper Sandler lifted their target price on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday. Bank of America reduced their price target on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, TD Cowen started coverage on shares of Nasdaq in a research report on Thursday, September 26th. They set a “hold” rating and a $83.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.73.

Nasdaq Price Performance

Shares of NDAQ opened at $71.84 on Friday. The firm has a market capitalization of $41.38 billion, a PE ratio of 41.29, a P/E/G ratio of 2.99 and a beta of 0.95. The stock’s 50 day moving average is $71.23 and its two-hundred day moving average is $64.78. Nasdaq, Inc. has a twelve month low of $47.56 and a twelve month high of $74.88. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. Nasdaq’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share. Research analysts anticipate that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. Nasdaq’s dividend payout ratio is presently 55.17%.

Insider Activity at Nasdaq

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the sale, the insider now owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

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.