Nasdaq, Inc. $NDAQ Shares Sold by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC lowered its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 75.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,000 shares of the financial services provider’s stock after selling 750,000 shares during the period. Nasdaq makes up 0.7% of Ghisallo Capital Management LLC’s portfolio, making the stock its 27th biggest position. Ghisallo Capital Management LLC’s holdings in Nasdaq were worth $22,112,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NDAQ. Cary Street Partners Investment Advisory LLC increased its holdings in Nasdaq by 2.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 110 shares in the last quarter. Advisors Capital Management LLC lifted its stake in shares of Nasdaq by 3.4% during the second quarter. Advisors Capital Management LLC now owns 3,968 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 129 shares in the last quarter. PDS Planning Inc boosted its position in shares of Nasdaq by 4.9% in the third quarter. PDS Planning Inc now owns 2,830 shares of the financial services provider’s stock worth $250,000 after buying an additional 133 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in Nasdaq by 4.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,139 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 139 shares during the period. Finally, Mather Group LLC. boosted its holdings in Nasdaq by 3.3% in the 3rd quarter. Mather Group LLC. now owns 4,380 shares of the financial services provider’s stock worth $387,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total value of $450,045.00. Following the completion of the transaction, the executive vice president owned 125,674 shares in the company, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $96.91, for a total value of $29,073,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares of the company’s stock, valued at $186,542,349.73. This trade represents a 13.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 697,340 shares of company stock valued at $66,803,072. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Trading Up 1.7%

NASDAQ NDAQ opened at $85.53 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $101.79. The company has a 50-day simple moving average of $90.63 and a 200-day simple moving average of $90.74. The firm has a market capitalization of $48.62 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.54 and a beta of 1.03.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. Nasdaq’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, equities analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, March 16th. Nasdaq’s dividend payout ratio (DPR) is presently 34.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NDAQ shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $108.00 price target on shares of Nasdaq in a report on Friday, January 30th. UBS Group restated a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. TD Cowen upgraded Nasdaq from a “hold” rating to a “buy” rating and increased their target price for the company from $105.00 to $106.00 in a research note on Thursday, February 26th. Argus raised shares of Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Barclays reissued an “overweight” rating and set a $115.00 price objective (up from $114.00) on shares of Nasdaq in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Nasdaq presently has an average rating of “Buy” and a consensus target price of $103.80.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.