Quadrature Capital Ltd Takes $3.07 Million Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Quadrature Capital Ltd bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,046 shares of the financial services provider's stock, valued at approximately $3,070,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quantinno Capital Management LP boosted its stake in Nasdaq by 23.1% during the third quarter. Quantinno Capital Management LP now owns 30,329 shares of the financial services provider's stock worth $2,214,000 after acquiring an additional 5,682 shares in the last quarter. Quarry LP boosted its stake in Nasdaq by 316.7% during the third quarter. Quarry LP now owns 871 shares of the financial services provider's stock worth $64,000 after acquiring an additional 662 shares in the last quarter. Royal London Asset Management Ltd. boosted its stake in Nasdaq by 11.0% during the third quarter. Royal London Asset Management Ltd. now owns 153,860 shares of the financial services provider's stock worth $11,233,000 after acquiring an additional 15,187 shares in the last quarter. Prana Capital Management LP boosted its stake in Nasdaq by 11.5% during the third quarter. Prana Capital Management LP now owns 590,537 shares of the financial services provider's stock worth $43,115,000 after acquiring an additional 61,045 shares in the last quarter. Finally, Investment Management Corp of Ontario boosted its stake in Nasdaq by 60.4% during the third quarter. Investment Management Corp of Ontario now owns 14,335 shares of the financial services provider's stock worth $1,047,000 after acquiring an additional 5,400 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Pc Nelson Griggs sold 5,742 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now owns 205,821 shares of the company's stock, valued at $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,459 shares of company stock valued at $3,811,808. Company insiders own 0.70% of the company's stock.

Nasdaq Stock Down 0.2 %

Nasdaq stock traded down $0.13 during midday trading on Friday, hitting $81.14. 4,918,018 shares of the stock were exchanged, compared to its average volume of 2,864,795. Nasdaq, Inc. has a 52-week low of $53.62 and a 52-week high of $83.77. The stock has a market capitalization of $46.64 billion, a price-to-earnings ratio of 48.59, a price-to-earnings-growth ratio of 3.15 and a beta of 0.97. The business's 50-day moving average price is $76.65 and its 200-day moving average price is $69.35. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The company's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. On average, research analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq's dividend payout ratio is 57.49%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Raymond James upgraded shares of Nasdaq from a "market perform" rating to an "outperform" rating and set a $82.00 price objective for the company in a report on Monday, October 14th. Oppenheimer lifted their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, October 25th. William Blair assumed coverage on shares of Nasdaq in a report on Monday, November 25th. They set an "outperform" rating for the company. Finally, Argus lifted their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, Nasdaq presently has an average rating of "Moderate Buy" and an average target price of $80.87.

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.