Nasdaq, Inc. $NDAQ Holdings Lowered by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 75.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,000 shares of the financial services provider’s stock after selling 750,000 shares during the period. Nasdaq accounts for approximately 0.7% of Ghisallo Capital Management LLC’s holdings, making the stock its 27th biggest position. Ghisallo Capital Management LLC’s holdings in Nasdaq were worth $22,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NDAQ. Front Row Advisors LLC bought a new position in Nasdaq during the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Nasdaq during the second quarter worth about $27,000. Tripletail Wealth Management LLC bought a new stake in Nasdaq in the third quarter worth about $27,000. Westside Investment Management Inc. raised its holdings in shares of Nasdaq by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 159 shares in the last quarter. Finally, West Branch Capital LLC acquired a new stake in Nasdaq during the third quarter valued at approximately $29,000. 72.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nasdaq

In related news, EVP John Zecca sold 4,500 shares of the company’s stock in a transaction on 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 sale, the executive vice president directly owned 125,674 shares in the company, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Adena T. Friedman sold 300,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 1,924,903 shares of the company’s stock, valued at approximately $186,542,349.73. This trade represents a 13.48% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 697,340 shares of company stock worth $66,803,072. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NDAQ has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Nasdaq from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. UBS Group reaffirmed a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Nasdaq in a research note on Monday, January 12th. Argus upgraded shares of Nasdaq to a “strong-buy” rating in a report on Wednesday, February 11th. Barclays restated an “overweight” rating and set a $115.00 price target (up from $114.00) on shares of Nasdaq in a report on Friday, January 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $103.80.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $85.53 on Friday. The firm has a market cap of $48.62 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.54 and a beta of 1.03. Nasdaq, Inc. has a 1 year low of $64.84 and a 1 year high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $90.63 and a 200 day simple moving average of $90.74.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. As a group, sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, March 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. Nasdaq’s dividend payout ratio is 34.95%.

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.