Quotient Wealth Partners LLC Has $340,000 Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Quotient Wealth Partners LLC decreased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 52.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,637 shares of the financial services provider's stock after selling 6,113 shares during the quarter. Quotient Wealth Partners LLC's holdings in Nasdaq were worth $340,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. raised its stake in Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider's stock valued at $27,000 after buying an additional 201 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Nasdaq in the second quarter worth $26,000. LRI Investments LLC purchased a new position in shares of Nasdaq in the first quarter worth $31,000. EntryPoint Capital LLC raised its stake in shares of Nasdaq by 6,408.3% in the first quarter. EntryPoint Capital LLC now owns 781 shares of the financial services provider's stock worth $49,000 after purchasing an additional 769 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Nasdaq by 158.5% in the fourth quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider's stock worth $52,000 after purchasing an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

Nasdaq Stock Performance

NASDAQ NDAQ traded down $0.28 on Friday, hitting $70.35. 1,343,176 shares of the company traded hands, compared to its average volume of 2,961,252. The company has a market capitalization of $40.47 billion, a price-to-earnings ratio of 37.03, a P/E/G ratio of 2.72 and a beta of 0.94. The company has a current ratio of 0.94, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The business's 50 day moving average price is $64.23 and its 200-day moving average price is $61.31. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $70.98.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The business's revenue was up 25.3% on a year-over-year basis. Equities analysts expect that Nasdaq, Inc. will post 2.73 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.36%. Nasdaq's payout ratio is 50.53%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays boosted their price target on Nasdaq from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods raised their price target on Nasdaq from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Rosenblatt Securities downgraded Nasdaq from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $76.00 to $64.00 in a research note on Wednesday, May 8th. Argus raised their price target on Nasdaq from $64.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday, May 14th. Finally, Oppenheimer raised their price target on Nasdaq from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Nasdaq presently has a consensus rating of "Moderate Buy" and an average price target of $68.54.

Insider Buying and Selling

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the sale, the insider now directly owns 42,804,207 shares in the company, valued at approximately $2,764,295,688.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

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.