Qsemble Capital Management LP Raises Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Qsemble Capital Management LP grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 28.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,471 shares of the financial services provider’s stock after buying an additional 8,433 shares during the quarter. Qsemble Capital Management LP’s holdings in Nasdaq were worth $2,809,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq during the 3rd quarter valued at approximately $27,000. Y.D. More Investments Ltd boosted its stake in Nasdaq by 94.8% during the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares during the period. Hobbs Group Advisors LLC bought a new position in Nasdaq during the second quarter valued at $26,000. Claro Advisors LLC purchased a new stake in shares of Nasdaq in the third quarter valued at $33,000. Finally, Focused Wealth Management Inc bought a new stake in shares of Nasdaq in the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

NDAQ has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. The Goldman Sachs Group boosted their price objective on Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. TD Cowen lowered their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Bank of America decreased their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Barclays raised their target price on shares of Nasdaq from $84.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.87.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pc Nelson Griggs sold 5,742 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the completion of the transaction, the insider now directly owns 205,821 shares in the company, valued at $15,918,196.14. This represents a 2.71 % 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 in the last three months. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

NASDAQ NDAQ opened at $81.52 on Tuesday. The firm’s fifty day simple moving average is $75.27 and its two-hundred day simple moving average is $68.30. The firm has a market capitalization of $46.85 billion, a P/E ratio of 48.81, a P/E/G ratio of 3.16 and a beta of 0.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq, Inc. has a 12-month low of $53.62 and a 12-month high of $82.39.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is currently 57.49%.

Nasdaq Company 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.