Quantbot Technologies LP Sells 44,292 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Quantbot Technologies LP lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 26.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,694 shares of the financial services provider’s stock after selling 44,292 shares during the period. Quantbot Technologies LP’s holdings in Nasdaq were worth $9,331,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NDAQ. Assetmark Inc. increased its position in shares of Nasdaq by 4.9% during the third quarter. Assetmark Inc. now owns 20,869 shares of the financial services provider’s stock worth $1,524,000 after buying an additional 984 shares during the period. Atria Investments Inc grew its holdings in Nasdaq by 23.5% during the 3rd quarter. Atria Investments Inc now owns 31,665 shares of the financial services provider’s stock worth $2,312,000 after acquiring an additional 6,035 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Nasdaq in the 3rd quarter worth about $58,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Nasdaq by 6.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,106,984 shares of the financial services provider’s stock valued at $80,821,000 after purchasing an additional 71,048 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of Nasdaq during the 3rd quarter valued at about $660,000. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NDAQ. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. UBS Group raised their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. William Blair started coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an “outperform” rating for the company. Finally, Raymond James increased their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Price Performance

NDAQ opened at $72.17 on Friday. Nasdaq, Inc. has a 1 year low of $57.96 and a 1 year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company has a market capitalization of $41.51 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 2.12 and a beta of 0.96. The firm’s fifty day moving average price is $79.50 and its two-hundred day moving average price is $77.27.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. Nasdaq’s dividend payout ratio (DPR) is currently 50.00%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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.