Quantbot Technologies LP Buys Shares of 20,874 Nasdaq, Inc. $NDAQ

Quantbot Technologies LP bought a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 20,874 shares of the financial services provider’s stock, valued at approximately $1,645,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Legal & General Group Plc grew its position in Nasdaq by 1.6% during the 4th quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock valued at $277,329,000 after purchasing an additional 45,783 shares during the last quarter. M&T Bank Corp raised its holdings in Nasdaq by 27.5% in the fourth quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock worth $5,933,000 after buying an additional 13,160 shares during the last quarter. MKP Capital Management L.L.C. bought a new position in shares of Nasdaq in the fourth quarter worth approximately $33,996,000. AlphaCore Capital LLC bought a new position in shares of Nasdaq in the fourth quarter worth approximately $1,245,000. Finally, Advisors Preferred LLC bought a new position in shares of Nasdaq in the fourth quarter worth approximately $4,872,000. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Up 0.6%

Shares of Nasdaq stock opened at $98.79 on Tuesday. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average is $90.00 and its 200 day moving average is $88.05. The company has a market cap of $55.22 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.30 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Research analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s dividend payout ratio (DPR) is 36.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NDAQ shares. Rothschild & Co Redburn set a $110.00 price target on shares of Nasdaq in a research report on Thursday, June 11th. Keefe, Bruyette & Woods increased their target price on Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Barclays reaffirmed an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $120.00 price objective on shares of Nasdaq in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $110.30.

Insider Buying and Selling

In other Nasdaq news, insider Pc Nelson Griggs sold 11,010 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the transaction, the insider directly owned 205,001 shares of the company’s stock, valued at approximately $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bradley J. Peterson sold 13,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the completion of the transaction, the executive vice president directly owned 128,293 shares in the company, valued at $11,881,214.73. The trade was a 9.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 41,797 shares of company stock valued at $3,926,319 over the last 90 days. Company insiders own 0.60% of the company’s stock.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.