Quent Capital LLC Sells 126 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Quent Capital LLC decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,674 shares of the financial services provider’s stock after selling 126 shares during the quarter. Quent Capital LLC’s holdings in Nasdaq were worth $129,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq in the third quarter valued at approximately $27,000. Founders Capital Management bought a new position in shares of Nasdaq in the fourth quarter valued at approximately $27,000. Claro Advisors LLC bought a new position in shares of Nasdaq in the third quarter valued at approximately $33,000. Raleigh Capital Management Inc. raised its position in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares during the period. Finally, Focused Wealth Management Inc bought a new position in shares of Nasdaq in the third quarter valued at approximately $35,000. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 0.5 %

NDAQ opened at $79.92 on Thursday. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The firm’s fifty day moving average price is $79.51 and its two-hundred day moving average price is $75.78. The company has a market capitalization of $45.93 billion, a P/E ratio of 41.63, a P/E/G ratio of 2.15 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, analysts anticipate that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.20%. Nasdaq’s dividend payout ratio is presently 50.00%.

Insider Activity

In other news, EVP Jeremy Skule sold 12,075 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the sale, the executive vice president now owns 102,505 shares in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. UBS Group raised their price objective on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Morgan Stanley raised their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 30th. Finally, Raymond James raised their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

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.