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

Quotient Wealth Partners LLC cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,689 shares of the financial services provider’s stock after selling 246 shares during the period. Quotient Wealth Partners LLC’s holdings in Nasdaq were worth $440,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Founders Capital Management acquired a new stake in Nasdaq during the 4th quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Nasdaq during the third quarter worth about $27,000. Raleigh Capital Management Inc. increased its position in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 225 shares in the last quarter. Claro Advisors LLC purchased a new stake in shares of Nasdaq in the 3rd quarter valued at about $33,000. Finally, Focused Wealth Management Inc purchased a new position in Nasdaq during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NDAQ. Morgan Stanley raised their target price on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Raymond James lifted their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. UBS Group boosted their price target on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Barclays reduced their price objective on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Nasdaq in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Insider Buying and Selling

In other news, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction 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 approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Nasdaq Trading Down 1.1 %

Shares of Nasdaq stock opened at $82.82 on Monday. The firm has a market cap of $47.60 billion, a PE ratio of 43.14, a P/E/G ratio of 2.15 and a beta of 0.99. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $84.15. The business’s fifty day moving average is $79.55 and its two-hundred day moving average is $75.56.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Analysts anticipate that Nasdaq, Inc. will post 3.17 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s payout ratio is 50.00%.

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.