Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its position in Nasdaq, Inc. (NASDAQ:NDAQ – Get Rating) by 196.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 557,666 shares of the financial services provider’s stock after purchasing an additional 369,575 shares during the period. California State Teachers Retirement System’s holdings in Nasdaq were worth $31,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NDAQ. RB Capital Management LLC raised its holdings in Nasdaq by 15.9% in the 1st quarter. RB Capital Management LLC now owns 3,264 shares of the financial services provider’s stock valued at $582,000 after buying an additional 448 shares during the period. American Century Companies Inc. lifted its holdings in shares of Nasdaq by 10.2% in the 1st quarter. American Century Companies Inc. now owns 2,209 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 205 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Nasdaq by 14.1% in the 1st quarter. Raymond James Trust N.A. now owns 3,932 shares of the financial services provider’s stock worth $701,000 after acquiring an additional 487 shares during the last quarter. Sei Investments Co. boosted its position in shares of Nasdaq by 8.4% during the 1st quarter. Sei Investments Co. now owns 136,395 shares of the financial services provider’s stock worth $24,319,000 after purchasing an additional 10,623 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in Nasdaq by 32.0% in the 1st quarter. Allianz Asset Management GmbH now owns 316,344 shares of the financial services provider’s stock valued at $56,373,000 after purchasing an additional 76,603 shares during the last quarter. Institutional investors and hedge funds own 73.01% of the company’s stock.

Analyst Ratings Changes

NDAQ has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased their price target on Nasdaq from $73.00 to $67.00 and set an “outperform” rating on the stock in a research note on Thursday, January 26th. Deutsche Bank Aktiengesellschaft cut Nasdaq from a “buy” rating to a “hold” rating and lowered their target price for the company from $72.00 to $60.00 in a report on Thursday, January 26th. Credit Suisse Group cut their price target on shares of Nasdaq from $59.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, January 30th. Morgan Stanley raised their price objective on shares of Nasdaq from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, January 20th. Finally, Oppenheimer dropped their price objective on shares of Nasdaq from $71.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday, January 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.74.

Insider Transactions at Nasdaq

In related news, EVP Jeremy Skule sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $60.45, for a total value of $126,945.00. Following the completion of the transaction, the executive vice president now directly owns 74,667 shares of the company’s stock, valued at $4,513,620.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Nasdaq news, insider Michelle Lynn Daly sold 1,998 shares of the firm’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $59.55, for a total transaction of $118,980.90. Following the transaction, the insider now owns 8,971 shares of the company’s stock, valued at $534,223.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 2,100 shares of the business’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $60.45, for a total value of $126,945.00. Following the completion of the sale, the executive vice president now directly owns 74,667 shares of the company’s stock, valued at $4,513,620.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,298 shares of company stock valued at $839,614. Corporate insiders own 0.68% of the company’s stock.

Nasdaq Trading Down 0.7 %

Shares of NASDAQ:NDAQ opened at $52.75 on Friday. Nasdaq, Inc. has a 52 week low of $46.77 and a 52 week high of $69.22. The company’s 50 day moving average is $58.50 and its two-hundred day moving average is $60.56. The company has a market cap of $25.79 billion, a PE ratio of 23.41, a P/E/G ratio of 4.23 and a beta of 0.96. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.77.

Nasdaq (NASDAQ:NDAQ – Get Rating) last issued its earnings results on Wednesday, January 25th. The financial services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Nasdaq had a return on equity of 22.12% and a net margin of 18.08%. The firm had revenue of $906.00 million for the quarter, compared to analyst estimates of $908.94 million. During the same quarter in the previous year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts predict that Nasdaq, Inc. will post 2.7 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, March 16th. Nasdaq’s dividend payout ratio (DPR) is presently 35.50%.

About Nasdaq

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Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information, and public and private company services. It operates through the following segments: Market Technology, Investment Intelligence, Corporate Platforms, and Market Services.