Quadrant Capital Group LLC Acquires 3,322 Shares of Nasdaq, Inc. $NDAQ

Quadrant Capital Group LLC grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 31.3% during the second quarter, Holdings Channel.com reports. The institutional investor 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 quarter.

Several other hedge funds also recently modified their holdings of NDAQ. Massachusetts Financial Services Co. MA lifted its position in shares of Nasdaq by 33.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 27,274,620 shares of the financial services provider’s stock valued at $2,438,897,000 after acquiring an additional 6,840,735 shares during the period. Nuveen LLC bought a new stake in Nasdaq in the first quarter valued at $241,614,000. Vanguard Group Inc. raised its holdings in shares of Nasdaq by 5.3% during the second quarter. Vanguard Group Inc. now owns 55,800,000 shares of the financial services provider’s stock valued at $4,989,636,000 after purchasing an additional 2,820,339 shares during the period. Invesco Ltd. boosted its position in shares of Nasdaq by 40.8% during the 1st quarter. Invesco Ltd. now owns 5,494,271 shares of the financial services provider’s stock worth $416,795,000 after purchasing an additional 1,592,057 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Nasdaq by 54.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,689,196 shares of the financial services provider’s stock worth $240,468,000 after purchasing an additional 952,354 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Cowen reaffirmed a “hold” rating on shares of Nasdaq in a research note on Wednesday, October 22nd. Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $97.00 to $110.00 in a research report on Thursday, November 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a report on Thursday, October 9th. Barclays set a $109.00 price target on shares of Nasdaq and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Raymond James Financial restated an “outperform” rating and set a $100.00 price objective (up previously from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

Nasdaq Trading Up 1.0%

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

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

Nasdaq Dividend Announcement

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

Insider Activity

In other news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the transaction, the executive vice president directly owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.