Nasdaq, Inc. (NASDAQ:NDAQ) Position Boosted by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury grew its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,878 shares of the financial services provider's stock after purchasing an additional 13,563 shares during the period. State of Tennessee Department of Treasury's holdings in Nasdaq were worth $11,587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NDAQ. Rakuten Securities Inc. acquired a new stake in Nasdaq in the fourth quarter valued at $26,000. Founders Capital Management purchased a new position in Nasdaq during the 4th quarter valued at about $27,000. Kestra Investment Management LLC acquired a new position in Nasdaq during the fourth quarter worth about $33,000. Raleigh Capital Management Inc. lifted its holdings in shares of Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 225 shares in the last quarter. Finally, TCTC Holdings LLC acquired a new stake in shares of Nasdaq in the fourth quarter valued at approximately $41,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NDAQ shares. StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Oppenheimer decreased their price objective on Nasdaq from $89.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Morgan Stanley downgraded shares of Nasdaq from an "overweight" rating to an "equal weight" rating and set a $74.00 target price for the company. in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and boosted their price objective for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price for the company in a research note on Thursday, April 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.18.

Nasdaq Stock Up 0.8 %

Shares of NDAQ traded up $0.62 during midday trading on Friday, hitting $75.36. The company had a trading volume of 2,810,470 shares, compared to its average volume of 2,809,197. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 52 week low of $58.28 and a 52 week high of $84.15. The company's 50 day moving average price is $75.07 and its 200 day moving average price is $77.45. The stock has a market cap of $43.27 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 2.12 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data 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. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. On average, equities research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, June 13th. This is a boost from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.43%. Nasdaq's dividend payout ratio (DPR) is 49.09%.

Insiders Place Their Bets

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business'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 transaction 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. The trade was 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 the company's stock in a transaction on Monday, March 17th. The stock was 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 approximately $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,116 shares of company stock valued at $1,434,818 over the last 90 days. 0.70% of the stock is owned by company insiders.

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.