Balyasny Asset Management L.P. Acquires 816,519 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Balyasny Asset Management L.P. lifted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 8,704.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 825,900 shares of the financial services provider's stock after purchasing an additional 816,519 shares during the quarter. Balyasny Asset Management L.P. owned 0.14% of Nasdaq worth $63,850,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Barclays PLC increased its stake in Nasdaq by 48.9% during the 3rd 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 period. Virtu Financial LLC acquired a new stake in Nasdaq in the third quarter worth approximately $209,000. World Investment Advisors LLC bought a new position in Nasdaq during the 3rd quarter valued at $651,000. Retirement Systems of Alabama increased its position in shares of Nasdaq by 8.0% during the 3rd quarter. Retirement Systems of Alabama now owns 90,640 shares of the financial services provider's stock valued at $6,618,000 after purchasing an additional 6,704 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Nasdaq by 1,022.1% in the 4th quarter. Nordea Investment Management AB now owns 409,906 shares of the financial services provider's stock worth $31,743,000 after buying an additional 373,376 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NDAQ shares. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price objective for the company in a research report on Thursday, April 17th. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Bank of America lifted their target price on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Piper Sandler increased their price target on Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and a consensus price target of $85.18.

Insiders Place Their Bets

In other news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on 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 transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the business's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $71.81, for a total transaction of $47,179.17. Following the completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

Nasdaq Stock Up 0.5 %

Shares of Nasdaq stock traded up $0.40 during trading on Thursday, hitting $78.97. 10,938,647 shares of the stock traded hands, compared to its average volume of 2,815,899. The stock has a market cap of $45.34 billion, a P/E ratio of 41.13, a PEG ratio of 2.12 and a beta of 1.00. The company has a fifty day moving average price of $74.41 and a two-hundred day moving average price of $77.64. Nasdaq, Inc. has a twelve month low of $58.28 and a twelve month high of $84.15. 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 (NASDAQ:NDAQ - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. Equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.27 per share. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is 49.09%.

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.