Quadrant Capital Group LLC Has $1.25 Million Position in Nasdaq, Inc. $NDAQ

Quadrant Capital Group LLC boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 31.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,945 shares of the financial services provider’s stock after purchasing an additional 3,322 shares during the quarter. Quadrant Capital Group LLC’s holdings in Nasdaq were worth $1,247,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NDAQ. US Bancorp DE raised its stake in Nasdaq by 35.9% during the second quarter. US Bancorp DE now owns 64,153 shares of the financial services provider’s stock worth $5,737,000 after acquiring an additional 16,950 shares in the last quarter. 111 Capital boosted its stake in shares of Nasdaq by 67.0% in the 2nd quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 4,450 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Nasdaq during the 2nd quarter valued at approximately $498,000. FORA Capital LLC bought a new stake in shares of Nasdaq during the 1st quarter valued at approximately $664,000. Finally, Fiduciary Alliance LLC increased its position in Nasdaq by 18.9% during the 2nd quarter. Fiduciary Alliance LLC now owns 25,012 shares of the financial services provider’s stock worth $2,237,000 after purchasing an additional 3,976 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NDAQ. Raymond James Financial restated an “outperform” rating and issued a $100.00 target price (up previously from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Cowen reiterated a “hold” rating on shares of Nasdaq in a research note on Wednesday, October 22nd. Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $97.00 to $110.00 in a research report on Thursday, November 20th. TD Cowen upped their target price on Nasdaq from $94.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Finally, Barclays set a $109.00 price target on Nasdaq and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $101.00.

Nasdaq Stock Up 1.0%

Shares of NASDAQ:NDAQ opened at $90.85 on Friday. The firm has a market cap of $51.87 billion, a P/E ratio of 32.45, a P/E/G ratio of 1.79 and a beta of 0.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. Nasdaq, Inc. has a 12-month low of $64.84 and a 12-month high of $97.63. The business has a fifty day simple moving average of $87.97 and a 200 day simple moving average of $89.32.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. Analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 5th. Nasdaq’s dividend payout ratio is currently 38.57%.

Insider Transactions at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the transaction, the executive vice president owned 84,974 shares in the company, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.