Moore Capital Management LP Purchases 328,302 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Moore Capital Management LP increased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 99.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 658,650 shares of the financial services provider's stock after acquiring an additional 328,302 shares during the period. Nasdaq comprises about 0.6% of Moore Capital Management LP's portfolio, making the stock its 27th largest position. Moore Capital Management LP owned about 0.11% of Nasdaq worth $50,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NDAQ. Vanguard Group Inc. boosted its position in shares of Nasdaq by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 52,576,413 shares of the financial services provider's stock worth $4,064,682,000 after buying an additional 376,893 shares during the period. Geode Capital Management LLC lifted its stake in Nasdaq by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 11,018,705 shares of the financial services provider's stock valued at $849,783,000 after acquiring an additional 257,465 shares in the last quarter. Franklin Resources Inc. boosted its position in Nasdaq by 13.4% during the 4th quarter. Franklin Resources Inc. now owns 10,379,012 shares of the financial services provider's stock worth $802,401,000 after acquiring an additional 1,225,672 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Nasdaq by 5.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,954,334 shares of the financial services provider's stock worth $537,640,000 after acquiring an additional 335,565 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Nasdaq by 37.9% in the fourth quarter. Ameriprise Financial Inc. now owns 6,005,047 shares of the financial services provider's stock valued at $464,676,000 after purchasing an additional 1,650,201 shares during the last quarter. 72.47% of the stock is owned by institutional investors.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ traded up $0.22 during trading on Thursday, reaching $81.28. 4,546,472 shares of the stock were exchanged, compared to its average volume of 2,896,341. Nasdaq, Inc. has a 12 month low of $58.28 and a 12 month high of $84.15. The stock has a 50-day moving average price of $74.64 and a 200-day moving average price of $77.84. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The firm has a market cap of $46.66 billion, a PE ratio of 42.33, a PEG ratio of 2.12 and a beta of 1.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results 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 during 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%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 EPS. Research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Increases Dividend

The firm 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. This represents a $1.08 dividend on an annualized basis and a yield of 1.33%. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date is Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is currently 49.09%.

Insider Buying and Selling at Nasdaq

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 completion of the sale, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. The trade was a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value 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 approximately $4,450,783.80. This trade represents 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.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NDAQ shares. UBS Group reiterated a "cautious" rating on shares of Nasdaq in a research note on Monday, April 28th. Barclays dropped their target price on Nasdaq from $86.00 to $84.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Piper Sandler boosted their price target on Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $86.50.

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.