Nasdaq, Inc. (NASDAQ:NDAQ) Position Boosted by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 344.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 127,693 shares of the financial services provider's stock after purchasing an additional 98,973 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Nasdaq were worth $9,323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC acquired a new position in Nasdaq during the third quarter worth about $27,000. Y.D. More Investments Ltd raised its position in shares of Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock worth $25,000 after purchasing an additional 202 shares during the last quarter. Hobbs Group Advisors LLC purchased a new stake in Nasdaq in the 2nd quarter valued at approximately $26,000. Claro Advisors LLC acquired a new stake in Nasdaq during the 3rd quarter valued at $33,000. Finally, Focused Wealth Management Inc acquired a new stake in Nasdaq during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Analyst Ratings Changes

NDAQ has been the topic of several recent research reports. Piper Sandler upped their price objective on Nasdaq from $73.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. The Goldman Sachs Group upped their target price on shares of Nasdaq from $77.00 to $83.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Oppenheimer lifted their price target on shares of Nasdaq from $84.00 to $86.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Nasdaq from $78.00 to $80.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Finally, TD Cowen lowered their target price on shares of Nasdaq from $81.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $81.53.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 5,742 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. This represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the sale, the executive vice president now owns 102,505 shares of the company's stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,459 shares of company stock valued at $3,811,808. Corporate insiders own 0.70% of the company's stock.

Nasdaq Trading Down 0.9 %

Shares of Nasdaq stock traded down $0.75 during trading hours on Friday, hitting $80.12. The company's stock had a trading volume of 1,890,505 shares, compared to its average volume of 2,849,274. The business has a fifty day moving average of $77.59 and a 200 day moving average of $70.12. Nasdaq, Inc. has a 1-year low of $54.54 and a 1-year high of $83.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $46.05 billion, a PE ratio of 47.98, a P/E/G ratio of 3.17 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $0.71 earnings per share. The firm's revenue was up 21.9% compared to the same quarter last year. As a group, equities analysts forecast that Nasdaq, Inc. will post 2.79 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, December 6th. Nasdaq's dividend payout ratio (DPR) is 57.49%.

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.