MQS Management LLC Takes $358,000 Position in Nasdaq, Inc. (NASDAQ:NDAQ)

MQS Management LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,899 shares of the financial services provider’s stock, valued at approximately $358,000.

Several other large investors have also modified their holdings of the business. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq in the 3rd quarter worth $27,000. Y.D. More Investments Ltd lifted its stake in shares of 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 acquired a new stake in Nasdaq during the 2nd quarter worth about $26,000. Claro Advisors LLC acquired a new stake in shares of Nasdaq during the third quarter worth about $33,000. Finally, Focused Wealth Management Inc purchased a new stake in Nasdaq in the third quarter valued at $35,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 2.3 %

Shares of NASDAQ:NDAQ opened at $78.06 on Friday. Nasdaq, Inc. has a fifty-two week low of $53.17 and a fifty-two week high of $80.77. The firm’s 50 day moving average price is $74.15 and its 200 day moving average price is $67.22. The stock has a market cap of $44.87 billion, a price-to-earnings ratio of 46.74, a price-to-earnings-growth ratio of 3.10 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. Nasdaq’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. As a group, equities research analysts predict that Nasdaq, Inc. will post 2.78 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.23%. Nasdaq’s dividend payout ratio is currently 57.49%.

Analysts Set New Price Targets

Several research firms recently issued reports on NDAQ. Piper Sandler increased their price target on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Bank of America dropped their price target on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Monday. Finally, Argus increased their price objective on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.87.

Insider Transactions at Nasdaq

In related news, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 205,821 shares of the company’s stock, valued at $15,918,196.14. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total value of $935,040.00. Following the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at approximately $8,928,073.60. The trade was a 9.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,384 shares of company stock worth $2,860,902. 0.70% of the stock is currently owned by 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.