Ghisallo Capital Management LLC Sells 300,000 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Ghisallo Capital Management LLC decreased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,000 shares of the financial services provider's stock after selling 300,000 shares during the period. Nasdaq makes up 1.4% of Ghisallo Capital Management LLC's portfolio, making the stock its 16th biggest position. Ghisallo Capital Management LLC owned about 0.05% of Nasdaq worth $23,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Allworth Financial LP lifted its stake in Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock valued at $104,000 after acquiring an additional 141 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after acquiring an additional 148 shares during the last quarter. Brooklyn Investment Group lifted its stake in Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock valued at $147,000 after acquiring an additional 148 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in Nasdaq by 4.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock valued at $295,000 after acquiring an additional 152 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Nasdaq by 4.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock valued at $317,000 after acquiring an additional 164 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Oppenheimer reduced their target price on shares of Nasdaq from $89.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Citigroup reduced their target price on shares of Nasdaq from $84.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a research note on Thursday, April 10th. Morgan Stanley lowered shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 price target on the stock. in a research report on Tuesday, April 8th. Finally, UBS Group reissued a "cautious" rating on shares of Nasdaq in a research report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $85.18.

Nasdaq Stock Performance

NDAQ stock traded down $0.26 during trading on Monday, reaching $75.10. 2,842,314 shares of the stock were exchanged, compared to its average volume of 2,809,329. Nasdaq, Inc. has a twelve month low of $58.28 and a twelve month high of $84.15. The company has a market capitalization of $43.12 billion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The stock has a 50 day simple moving average of $74.92 and a 200-day simple moving average of $77.51. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business earned $0.63 earnings per share. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, June 13th. This is an increase from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 1.44%. Nasdaq's dividend payout ratio (DPR) is 49.09%.

Insider Buying and Selling

In other Nasdaq news, EVP Bryan Everard Smith sold 657 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the transaction, the executive vice president now owns 61,980 shares in the company, valued at $4,450,783.80. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sarah Youngwood sold 14,959 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,116 shares of company stock valued at $1,434,818 over the last three months. 0.70% of the stock is owned by corporate insiders.

About Nasdaq

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.