Teachers Retirement System of The State of Kentucky lowered its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 10.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,300 shares of the financial services provider’s stock after selling 1,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Nasdaq were worth $854,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of NDAQ. Thrivent Financial for Lutherans raised its position in Nasdaq by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,970 shares of the financial services provider’s stock worth $266,000 after buying an additional 230 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Nasdaq during the fourth quarter valued at about $478,000. Ibex Wealth Advisors raised its position in Nasdaq by 4.0% in the fourth quarter. Ibex Wealth Advisors now owns 21,300 shares of the financial services provider’s stock valued at $1,435,000 after buying an additional 828 shares during the period. Teachers Advisors LLC raised its position in Nasdaq by 7.3% in the fourth quarter. Teachers Advisors LLC now owns 172,949 shares of the financial services provider’s stock valued at $11,608,000 after buying an additional 11,768 shares during the period. Finally, Kentucky Retirement Systems acquired a new position in Nasdaq during the fourth quarter valued at about $555,000. Institutional investors and hedge funds own 74.67% of the company’s stock.
Nasdaq, Inc. (NDAQ) opened at 72.74 on Friday. Nasdaq, Inc. has a 1-year low of $63.30 and a 1-year high of $72.79. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of 84.78 and a beta of 0.76. The company has a 50-day moving average of $70.65 and a 200-day moving average of $69.51.
Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, April 26th. The financial services provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.05. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The firm had revenue of $583 million during the quarter, compared to the consensus estimate of $593.46 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts predict that Nasdaq, Inc. will post $4.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, June 14th. This is an increase from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s dividend payout ratio is presently 183.13%.
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Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a $71.00 price target on shares of Nasdaq in a research report on Thursday, March 30th. Jefferies Group LLC restated a “hold” rating and issued a $68.00 price target on shares of Nasdaq in a research report on Monday, April 10th. Evercore ISI restated an “in-line” rating and issued a $74.00 price target on shares of Nasdaq in a research report on Friday, April 28th. Finally, Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $74.00.
In other Nasdaq news, Director Lars Wedenborn sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $68.38, for a total value of $683,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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