Ghisallo Capital Management LLC Decreases Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Ghisallo Capital Management LLC reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 300,000 shares of the financial services provider’s stock after selling 300,000 shares during the quarter. Nasdaq accounts for approximately 1.4% of Ghisallo Capital Management LLC’s holdings, making the stock its 16th largest holding. Ghisallo Capital Management LLC owned about 0.05% of Nasdaq worth $23,193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Olstein Capital Management L.P. raised its stake in shares of Nasdaq by 35.6% during the fourth quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after purchasing an additional 21,000 shares during the period. NINE MASTS CAPITAL Ltd purchased a new position in Nasdaq in the 4th quarter valued at about $274,000. Pacer Advisors Inc. grew its stake in shares of Nasdaq by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after acquiring an additional 23,244 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Nasdaq by 892.3% during the fourth quarter. Teacher Retirement System of Texas now owns 60,647 shares of the financial services provider’s stock worth $4,689,000 after acquiring an additional 54,535 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Nasdaq by 26.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock worth $3,454,000 after acquiring an additional 9,130 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the transaction, the executive vice president now owns 59,694 shares in the company, valued at $4,398,253.92. This represents a 20.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,116 shares of company stock worth $1,434,818. 0.70% of the stock is owned by company insiders.

Nasdaq Stock Up 0.8 %

Nasdaq stock opened at $75.36 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. Nasdaq, Inc. has a one year low of $58.28 and a one year high of $84.15. The company has a 50-day simple moving average of $75.07 and a 200-day simple moving average of $77.41. The firm has a market capitalization of $43.34 billion, a P/E ratio of 39.25, a P/E/G ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. As a group, equities analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.43%. This is an increase from Nasdaq’s previous quarterly dividend of $0.24. Nasdaq’s payout ratio is presently 50.00%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NDAQ shares. Bank of America lifted their price objective on Nasdaq from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Barclays dropped their target price on shares of Nasdaq from $86.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday. Raymond James boosted their price objective on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Finally, UBS Group increased their target price on Nasdaq from $76.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.18.

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.