Quotient Wealth Partners LLC Reduces Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Quotient Wealth Partners LLC trimmed its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. Olstein Capital Management L.P. raised its stake in Nasdaq by 35.6% during the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after buying an additional 21,000 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Nasdaq by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock worth $4,170,000 after acquiring an additional 23,244 shares during the period. USA Financial Formulas purchased a new stake in Nasdaq during the fourth quarter valued at $856,000. Nomura Asset Management Co. Ltd. lifted its holdings in Nasdaq by 49.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock valued at $11,987,000 after acquiring an additional 54,594 shares during the period. Finally, Cumberland Partners Ltd purchased a new position in Nasdaq in the third quarter worth about $10,400,000. Institutional investors own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In other news, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following 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 owned by insiders.

Nasdaq Trading Down 1.1 %

Shares of Nasdaq stock opened at $82.82 on Monday. Nasdaq, Inc. has a twelve month low of $54.90 and a twelve month high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $79.55 and a 200-day moving average price of $75.56. The firm has a market cap of $47.60 billion, a price-to-earnings ratio of 43.14, a PEG ratio of 2.15 and a beta of 0.99.

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, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Equities research analysts anticipate that Nasdaq, Inc. will post 3.17 EPS for the current fiscal year.

Nasdaq Dividend Announcement

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 given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NDAQ. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Saturday, December 14th. Citigroup boosted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Raymond James raised their target price on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, William Blair initiated coverage on Nasdaq in a report on Monday, November 25th. They set an “outperform” rating for the company. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq 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.