Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 892.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. StockNews.com downgraded Nasdaq from a "hold" rating to a "sell" rating in a research note on Wednesday, March 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $95.00 price objective on shares of Nasdaq in a research report on Thursday, January 30th. Oppenheimer raised their price target on Nasdaq from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their target price on Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. One 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.88.

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Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The shares were 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 directly owns 55,576 shares of the company's stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Nasdaq Stock Up 0.4 %

Shares of NDAQ traded up $0.32 during midday trading on Tuesday, hitting $77.73. 696,148 shares of the company's stock traded hands, compared to its average volume of 2,630,753. The firm's fifty day moving average is $79.20 and its 200-day moving average is $77.50. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. 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 $44.71 billion, a price-to-earnings ratio of 40.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, March 14th. Nasdaq's dividend payout ratio is currently 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.