Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Dark Forest Capital Management LP

Dark Forest Capital Management LP cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,119 shares of the financial services provider's stock after selling 4,022 shares during the quarter. Dark Forest Capital Management LP's holdings in Nasdaq were worth $550,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NDAQ. Allworth Financial LP lifted its stake in shares of Nasdaq by 12.3% in the 4th quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock worth $104,000 after acquiring an additional 141 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Nasdaq by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock worth $759,000 after purchasing an additional 148 shares in the last quarter. Brooklyn Investment Group lifted its position 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 purchasing an additional 148 shares during the period. Crestwood Advisors Group LLC lifted its position 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 purchasing an additional 152 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in Nasdaq by 4.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock valued at $317,000 after purchasing an additional 164 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the completion of the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the transaction, 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. Insiders sold a total of 19,116 shares of company stock valued at $1,434,818 over the last 90 days. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Piper Sandler raised their price target on Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. raised their target price on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a "hold" rating to a "buy" rating and boosted their target price for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, April 10th. Finally, Raymond James boosted their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and an average price target of $85.18.

Nasdaq Price Performance

NDAQ stock opened at $75.36 on Friday. The stock's 50 day moving average price is $75.07 and its 200 day moving average price is $77.41. The firm has a market cap of $43.34 billion, a P/E ratio of 39.25, a PEG ratio of 2.12 and a beta of 1.02. 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 1 year low of $58.28 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, sell-side analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued 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 dividend yield of 1.43%. Nasdaq's payout ratio is 50.00%.

Nasdaq 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.

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