Quarry LP Has $64,000 Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Quarry LP boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 316.7% in the third quarter, HoldingsChannel reports. The fund owned 871 shares of the financial services provider’s stock after buying an additional 662 shares during the quarter. Quarry LP’s holdings in Nasdaq were worth $64,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Diversified Trust Co increased its stake in shares of Nasdaq by 45.2% in the second quarter. Diversified Trust Co now owns 28,813 shares of the financial services provider’s stock worth $1,736,000 after acquiring an additional 8,974 shares during the last quarter. Cetera Investment Advisers increased its position in Nasdaq by 52.7% in the 1st quarter. Cetera Investment Advisers now owns 30,214 shares of the financial services provider’s stock worth $1,907,000 after purchasing an additional 10,427 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its stake in shares of Nasdaq by 8.9% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 289,016 shares of the financial services provider’s stock worth $18,295,000 after purchasing an additional 23,557 shares in the last quarter. Cumberland Partners Ltd acquired a new stake in shares of Nasdaq during the 3rd quarter valued at about $10,400,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Nasdaq by 4.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,035,936 shares of the financial services provider’s stock valued at $62,426,000 after buying an additional 44,432 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Activity

In related news, insider Pc Nelson Griggs sold 6,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the sale, the insider now owns 215,563 shares of the company’s stock, valued at $16,320,274.73. The trade was a 2.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction on 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 owns 114,580 shares of the company’s stock, valued at $8,928,073.60. This represents a 9.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,459 shares of company stock worth $3,811,808. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Stock Down 1.8 %

NDAQ stock opened at $79.70 on Tuesday. The business’s 50-day simple moving average is $76.95 and its 200 day simple moving average is $69.71. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The company has a market cap of $45.81 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 3.16 and a beta of 0.97. Nasdaq, Inc. has a twelve month low of $53.87 and a twelve month high of $83.77.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business 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 in the previous year, the business posted $0.71 earnings per share. On average, research analysts anticipate that Nasdaq, Inc. will post 2.79 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Friday, December 6th. Nasdaq’s payout ratio is 57.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NDAQ shares. William Blair started coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an “outperform” rating on the stock. Bank of America cut their price target on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Oppenheimer upped their price objective on shares of Nasdaq from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada restated an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a report on Tuesday, November 19th. Finally, TD Cowen decreased their price target on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.53.

Nasdaq 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.