Moore Capital Management LP Has $50.92 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Moore Capital Management LP grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 99.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 658,650 shares of the financial services provider’s stock after buying an additional 328,302 shares during the period. Nasdaq accounts for about 0.6% of Moore Capital Management LP’s portfolio, making the stock its 27th biggest holding. Moore Capital Management LP owned approximately 0.11% of Nasdaq worth $50,920,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NDAQ. Barclays PLC lifted its position in shares of Nasdaq by 48.9% in the third quarter. Barclays PLC now owns 1,524,795 shares of the financial services provider’s stock valued at $111,325,000 after buying an additional 500,418 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Nasdaq by 2.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,566 shares of the financial services provider’s stock worth $1,502,000 after purchasing an additional 491 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of 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 during the period. Czech National Bank increased its stake in shares of Nasdaq by 6.4% during the fourth quarter. Czech National Bank now owns 89,726 shares of the financial services provider’s stock worth $6,937,000 after purchasing an additional 5,428 shares during the period. Finally, City Center Advisors LLC increased its stake in shares of Nasdaq by 9.4% during the fourth quarter. City Center Advisors LLC now owns 3,478 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 300 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NDAQ. Oppenheimer lowered their target price on Nasdaq from $89.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. UBS Group restated a “cautious” rating on shares of Nasdaq in a research note on Monday, April 28th. Piper Sandler raised their price objective on Nasdaq from $80.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price target on Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Citigroup decreased their price target on Nasdaq from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.50.

Nasdaq Trading Up 0.3%

Shares of Nasdaq stock opened at $79.20 on Monday. The company has a 50 day simple moving average of $74.36 and a two-hundred day simple moving average of $77.75. Nasdaq, Inc. has a 1 year low of $58.28 and a 1 year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The firm has a market cap of $45.47 billion, a PE ratio of 41.25, a PEG ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Nasdaq’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 EPS. 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. 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 a positive change from Nasdaq’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.36%. Nasdaq’s payout ratio is currently 49.09%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 657 shares of the business’s stock in a transaction that occurred on 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 directly owns 61,980 shares of the company’s stock, valued at $4,450,783.80. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

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.