Quantbot Technologies LP Sells 44,292 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Quantbot Technologies LP decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 26.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,694 shares of the financial services provider's stock after selling 44,292 shares during the period. Quantbot Technologies LP's holdings in Nasdaq were worth $9,331,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NDAQ. Wellington Management Group LLP increased its position in shares of Nasdaq by 163.3% in the third quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider's stock worth $2,835,235,000 after purchasing an additional 24,084,154 shares during the period. State Street Corp increased its position in shares of Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider's stock worth $1,310,653,000 after purchasing an additional 1,811,616 shares during the period. Geode Capital Management LLC increased its position in shares of Nasdaq by 9.5% in the third quarter. Geode Capital Management LLC now owns 10,761,240 shares of the financial services provider's stock worth $783,181,000 after purchasing an additional 932,665 shares during the period. Harris Associates L P grew its position in Nasdaq by 14.6% in the third quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider's stock valued at $627,596,000 after acquiring an additional 1,096,090 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its position in Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider's stock valued at $292,040,000 after acquiring an additional 3,970,658 shares during the last quarter. Institutional investors own 72.47% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com upgraded Nasdaq from a "sell" rating to a "hold" rating in a research report on Saturday, December 14th. Oppenheimer lifted their target price on Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research report on Monday, January 13th. William Blair assumed coverage on Nasdaq in a research report on Monday, November 25th. They issued an "outperform" rating on the stock. Keefe, Bruyette & Woods lifted their target price on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a "hold" rating to a "buy" rating and lifted their target price for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.88.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was 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 of the company's stock, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company's stock.

Nasdaq Trading Up 1.0 %

Shares of Nasdaq stock traded up $0.75 during midday trading on Tuesday, reaching $75.30. The company had a trading volume of 2,633,301 shares, compared to its average volume of 2,773,225. The stock has a fifty day moving average price of $79.25 and a 200 day moving average price of $77.36. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The firm has a market cap of $43.31 billion, a PE ratio of 39.22, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a fifty-two week low of $58.10 and a fifty-two week high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio (DPR) is presently 50.00%.

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.