nVerses Capital LLC Sells 3,700 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

nVerses Capital LLC cut its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 69.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,600 shares of the financial services provider’s stock after selling 3,700 shares during the quarter. nVerses Capital LLC’s holdings in Nasdaq were worth $117,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in Nasdaq by 7.5% in the first quarter. Janney Montgomery Scott LLC now owns 240,851 shares of the financial services provider’s stock valued at $15,198,000 after purchasing an additional 16,797 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Nasdaq by 312.0% in the 1st quarter. SG Americas Securities LLC now owns 183,849 shares of the financial services provider’s stock valued at $11,601,000 after purchasing an additional 139,228 shares during the period. Quantbot Technologies LP boosted its position in shares of Nasdaq by 237.3% during the 1st quarter. Quantbot Technologies LP now owns 30,845 shares of the financial services provider’s stock valued at $1,946,000 after purchasing an additional 21,699 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Nasdaq by 12.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 517,000 shares of the financial services provider’s stock worth $32,624,000 after purchasing an additional 57,900 shares during the period. Finally, Swedbank AB bought a new stake in Nasdaq in the first quarter worth approximately $2,595,000. 72.47% of the stock is currently owned by institutional investors.

Insider Activity at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the transaction, the insider now owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Up 1.0 %

Shares of NASDAQ:NDAQ opened at $74.91 on Monday. Nasdaq, Inc. has a 52-week low of $47.56 and a 52-week high of $74.93. The firm has a market capitalization of $43.09 billion, a P/E ratio of 39.43, a P/E/G ratio of 2.99 and a beta of 0.95. The stock has a 50 day moving average price of $72.02 and a 200-day moving average price of $65.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The business’s revenue was up 25.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NDAQ shares. UBS Group raised their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research 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 on the stock in a research note on Thursday, October 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price objective on shares of Nasdaq in a research note on Tuesday, October 8th. 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. Finally, Oppenheimer boosted their price objective on Nasdaq from $80.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.07.

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.