Quotient Wealth Partners LLC Has $340,000 Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Quotient Wealth Partners LLC cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 52.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,637 shares of the financial services provider’s stock after selling 6,113 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Nasdaq were worth $340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hobbs Group Advisors LLC bought a new stake in Nasdaq in the 2nd quarter valued at $26,000. Salem Investment Counselors Inc. grew its position in Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after buying an additional 201 shares in the last quarter. LRI Investments LLC acquired a new stake in Nasdaq during the first quarter worth about $31,000. EntryPoint Capital LLC increased its stake in Nasdaq by 6,408.3% during the first quarter. EntryPoint Capital LLC now owns 781 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 769 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Nasdaq by 158.5% in the 4th quarter. Lindbrook Capital LLC now owns 902 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 553 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.58, for a total value of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.

Nasdaq Trading Down 0.4 %

NDAQ traded down $0.28 during mid-day trading on Friday, reaching $70.35. The stock had a trading volume of 1,343,176 shares, compared to its average volume of 2,961,252. The firm’s fifty day simple moving average is $64.23 and its two-hundred day simple moving average is $61.31. The stock has a market capitalization of $40.47 billion, a P/E ratio of 37.03, a P/E/G ratio of 2.72 and a beta of 0.94. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $70.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a net margin of 14.43% and a return on equity of 15.45%. The company’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. On average, equities analysts predict that Nasdaq, Inc. will post 2.73 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s payout ratio is 50.53%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NDAQ shares. Rosenblatt Securities cut Nasdaq from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $76.00 to $64.00 in a research report on Wednesday, May 8th. Keefe, Bruyette & Woods increased their price target on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Argus upped their price objective on Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Oppenheimer lifted their price objective on Nasdaq from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.54.

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.