Teacher Retirement System of Texas Acquires 54,535 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

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

Several other hedge funds also recently modified their holdings of the stock. Royal London Asset Management Ltd. grew its holdings in Nasdaq by 9.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 168,364 shares of the financial services provider’s stock worth $13,016,000 after purchasing an additional 14,504 shares during the period. Xponance Inc. grew its stake in shares of Nasdaq by 2.4% in the 4th quarter. Xponance Inc. now owns 92,373 shares of the financial services provider’s stock valued at $7,141,000 after buying an additional 2,208 shares during the period. Horizon Kinetics Asset Management LLC increased its position in Nasdaq by 0.3% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 103,246 shares of the financial services provider’s stock valued at $7,982,000 after buying an additional 328 shares in the last quarter. TCTC Holdings LLC acquired a new position in Nasdaq during the 4th quarter worth approximately $41,000. Finally, Signaturefd LLC boosted its holdings in Nasdaq by 4.7% in the fourth quarter. Signaturefd LLC now owns 6,893 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 309 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NDAQ shares. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Nasdaq in a report on Thursday, January 30th. StockNews.com lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Citigroup raised their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Barclays dropped their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction 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 approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the business’s stock in a transaction dated 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 completion of 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. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Down 1.8 %

NDAQ stock opened at $75.55 on Monday. The stock has a market cap of $43.45 billion, a P/E ratio of 39.35, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $79.17 and its two-hundred day simple moving average is $77.47. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results 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 net margin of 15.10% and a return on equity of 14.82%. Analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio is currently 50.00%.

Nasdaq Company 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.