Quantbot Technologies LP Increases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Quantbot Technologies LP grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 14.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 164,986 shares of the financial services provider’s stock after buying an additional 21,441 shares during the quarter. Nasdaq makes up about 0.5% of Quantbot Technologies LP’s investment portfolio, making the stock its 17th largest holding. Quantbot Technologies LP’s holdings in Nasdaq were worth $12,046,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NDAQ. Citizens Financial Group Inc. RI raised its holdings in shares of Nasdaq by 3.6% during the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider’s stock valued at $290,000 after acquiring an additional 137 shares in the last quarter. First Pacific Financial increased its position in Nasdaq by 1.0% during the 3rd quarter. First Pacific Financial now owns 13,842 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 142 shares during the period. Crestwood Advisors Group LLC raised its holdings in Nasdaq by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 149 shares in the last quarter. Kentucky Retirement Systems lifted its position in shares of Nasdaq by 0.5% in the 3rd quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider’s stock worth $2,105,000 after purchasing an additional 154 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Nasdaq by 2.5% during the 3rd quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 162 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $81.52 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $46.85 billion, a price-to-earnings ratio of 48.81, a price-to-earnings-growth ratio of 3.16 and a beta of 0.95. Nasdaq, Inc. has a one year low of $53.62 and a one year high of $82.39. The company’s 50-day moving average is $75.27 and its 200 day moving average is $68.30.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. Sell-side analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

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

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 5,742 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total transaction 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. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at $8,072,268.75. The trade was a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,459 shares of company stock worth $3,811,808 over the last quarter. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of a number of research reports. Barclays increased their price target on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their target price on Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, November 11th. William Blair assumed coverage on Nasdaq in a research note on Monday. They issued an “outperform” rating on the stock. Finally, Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $80.87.

About Nasdaq

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.