Quantbot Technologies LP Sells 10,811 Shares of Nasdaq, Inc. $NDAQ

Key Points

• Quantbot Technologies LP has reduced its stake in Nasdaq, Inc. by 9.0%, selling 10,811 shares and now owning 109,883 shares worth approximately $8.34 million.
• Nasdaq has reported strong earnings for the last quarter, with an EPS of $0.85, exceeding analysts' expectations, along with a revenue increase of 12.7% year-over-year.
• The company declared a quarterly dividend of $0.27 per share, representing an annualized yield of 1.1% and a dividend payout ratio of 41.54%.

Quantbot Technologies LP decreased its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,883 shares of the financial services provider's stock after selling 10,811 shares during the period. Quantbot Technologies LP's holdings in Nasdaq were worth $8,336,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Grove Bank & Trust raised its position in Nasdaq by 194.6% in the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after acquiring an additional 216 shares during the period. Highline Wealth Partners LLC increased its stake in shares of Nasdaq by 1,509.5% in the first quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock worth $26,000 after purchasing an additional 317 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Nasdaq in the first quarter valued at approximately $26,000. First Command Advisory Services Inc. bought a new stake in shares of Nasdaq in the first quarter valued at approximately $30,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Nasdaq in the fourth quarter valued at approximately $37,000. Institutional investors own 72.47% of the company's stock.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ traded up $0.79 during trading on Friday, reaching $94.75. The company had a trading volume of 2,038,358 shares, compared to its average volume of 3,088,078. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $97.63. The company has a fifty day moving average of $91.63 and a two-hundred day moving average of $82.80. The stock has a market capitalization of $54.37 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm earned $0.69 EPS. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 annualized dividend and a yield of 1.1%. Nasdaq's dividend payout ratio is presently 41.54%.

Insider Activity

In other Nasdaq news, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total transaction of $812,173.95. Following the completion of the sale, the senior vice president owned 8,879 shares of the company's stock, valued at $829,742.55. This represents a 49.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the sale, the insider directly owned 211,405 shares of the company's stock, valued at $17,552,957.15. The trade was a 3.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,409 shares of company stock worth $2,887,839. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on NDAQ. Raymond James Financial reissued an "outperform" rating and issued a $96.00 price target (up previously from $84.00) on shares of Nasdaq in a research report on Wednesday, July 9th. Barclays boosted their price objective on shares of Nasdaq from $101.00 to $109.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a research note on Friday, July 25th. Citigroup reaffirmed a "neutral" rating on shares of Nasdaq in a research note on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $97.06.

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.