Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC trimmed its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,854 shares of the financial services provider’s stock after selling 188 shares during the period. Quadrant Capital Group LLC’s holdings in Nasdaq were worth $166,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Baader Bank Aktiengesellschaft lifted its position in Nasdaq by 42,912.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,503 shares of the financial services provider’s stock valued at $10,375,000 after buying an additional 178,088 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Nasdaq by 13.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 224,054 shares of the financial services provider’s stock valued at $13,026,000 after buying an additional 27,032 shares in the last quarter. Westpac Banking Corp lifted its position in shares of Nasdaq by 33.8% during the fourth quarter. Westpac Banking Corp now owns 2,372 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 599 shares in the last quarter. Quotient Wealth Partners LLC purchased a new position in shares of Nasdaq in the fourth quarter valued at $1,027,000. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Nasdaq by 3.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 101,218 shares of the financial services provider’s stock valued at $5,885,000 after purchasing an additional 3,734 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NDAQ has been the subject of several analyst reports. The Goldman Sachs Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Tuesday, March 26th. Rosenblatt Securities downgraded shares of Nasdaq from a “buy” rating to a “neutral” rating and decreased their target price for the company from $76.00 to $64.00 in a research note on Wednesday, May 8th. Keefe, Bruyette & Woods decreased their target price on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Barclays decreased their target price on shares of Nasdaq from $76.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, April 26th. Finally, Piper Sandler upped their target price on shares of Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.92.

Nasdaq Stock Down 0.0 %

Shares of NASDAQ:NDAQ opened at $62.44 on Wednesday. The stock has a market capitalization of $35.92 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 3.39 and a beta of 0.94. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $64.25. The company’s fifty day moving average is $61.20 and its two-hundred day moving average is $57.89. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the company posted $0.69 earnings per share. Equities analysts anticipate that Nasdaq, Inc. will post 2.68 EPS for the current year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.54%. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, June 14th. Nasdaq’s dividend payout ratio is 46.32%.

Insider Buying and Selling

In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the sale, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. Insiders have sold a total of 31,010,436 shares of company stock valued at $1,798,647,360 in the last quarter. Company 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.