QRG Capital Management Inc. Has $2.97 Million Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

QRG Capital Management Inc. lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,346 shares of the financial services provider’s stock after selling 982 shares during the quarter. QRG Capital Management Inc.’s holdings in Nasdaq were worth $2,965,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC raised its position in shares of Nasdaq by 7.9% in the 3rd quarter. Private Advisor Group LLC now owns 10,860 shares of the financial services provider’s stock valued at $793,000 after acquiring an additional 795 shares during the period. abrdn plc increased its stake in Nasdaq by 23.6% in the third quarter. abrdn plc now owns 169,272 shares of the financial services provider’s stock valued at $12,313,000 after purchasing an additional 32,370 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in Nasdaq by 25.0% in the third quarter. First Trust Direct Indexing L.P. now owns 13,187 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 2,640 shares during the period. SteelPeak Wealth LLC bought a new position in shares of Nasdaq during the third quarter worth $257,000. Finally, Cigna Investments Inc. New grew its holdings in shares of Nasdaq by 7.2% in the 3rd quarter. Cigna Investments Inc. New now owns 4,292 shares of the financial services provider’s stock valued at $313,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is owned by company insiders.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $82.78 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a 50 day moving average price of $79.84 and a 200 day moving average price of $76.93. The stock has a market capitalization of $47.61 billion, a PE ratio of 43.11, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 52 week low of $55.51 and a 52 week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data 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 return on equity of 14.82% and a net margin of 15.10%. Analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

Analysts Set New Price Targets

Several brokerages recently commented on NDAQ. Raymond James raised their price objective on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. JPMorgan Chase & Co. raised their price target on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $98.00 in a report on Wednesday, January 8th. Finally, William Blair assumed coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

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.