Teacher Retirement System of Texas Raises Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Teacher Retirement System of Texas boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 892.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,647 shares of the financial services provider’s stock after buying an additional 54,535 shares during the period. Teacher Retirement System of Texas’ holdings in Nasdaq were worth $4,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after acquiring an additional 24,084,154 shares during the last quarter. State Street Corp raised its stake in Nasdaq by 11.2% in the third quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after purchasing an additional 1,811,616 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Nasdaq in the fourth quarter valued at approximately $110,867,000. Raymond James Financial Inc. bought a new stake in Nasdaq during the fourth quarter valued at approximately $105,481,000. Finally, Harris Associates L P grew its stake in Nasdaq by 14.6% in the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after buying an additional 1,096,090 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the executive vice president now owns 59,694 shares in the company, valued at $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. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. William Blair began coverage on Nasdaq in a research note on Monday, November 25th. They set an “outperform” rating for the company. Keefe, Bruyette & Woods upped their price objective on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. StockNews.com cut Nasdaq from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Finally, Oppenheimer upped their target price on Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Down 1.8 %

NASDAQ NDAQ opened at $75.55 on Monday. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The stock has a market capitalization of $43.45 billion, a PE ratio of 39.35, a PEG ratio of 2.12 and a beta of 0.96. 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 business’s 50-day moving average is $79.17 and its 200 day moving average is $77.47.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. Sell-side analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.27%. Nasdaq’s dividend payout ratio (DPR) is presently 50.00%.

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.