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

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

A number of other hedge funds and other institutional investors have also bought and sold shares of NDAQ. Catalyst Capital Advisors LLC purchased a new position in shares of Nasdaq during the 3rd quarter worth approximately $27,000. Y.D. More Investments Ltd lifted its position 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 valued at $25,000 after buying an additional 202 shares during the period. Hobbs Group Advisors LLC bought a new stake in shares of Nasdaq during the 2nd quarter valued at $26,000. Claro Advisors LLC purchased a new stake in shares of Nasdaq in the 3rd quarter worth about $33,000. Finally, Focused Wealth Management Inc bought a new position in shares of Nasdaq in the 3rd quarter worth about $35,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Performance

Shares of NDAQ opened at $81.52 on Tuesday. Nasdaq, Inc. has a 52 week low of $53.62 and a 52 week high of $82.39. 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 stock has a market cap of $46.85 billion, a price-to-earnings ratio of 48.81, a PEG ratio of 3.16 and a beta of 0.95. The business has a 50-day simple moving average of $75.27 and a two-hundred day simple moving average of $68.30.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping 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 net margin of 13.67% and a return on equity of 14.56%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 EPS. On average, analysts expect that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Dividend Announcement

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

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the completion of the transaction, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This represents a 10.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of Nasdaq stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now directly owns 142,830 shares in the company, valued at $10,757,955.60. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,459 shares of company stock worth $3,811,808. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Nasdaq from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Bank of America lowered their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Piper Sandler raised their price target on Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $88.00 price objective on shares of Nasdaq in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.87.

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.