Teacher Retirement System of Texas Acquires 54,815 Shares of Nasdaq Inc (NDAQ)

Teacher Retirement System of Texas grew its holdings in shares of Nasdaq Inc (NASDAQ:NDAQ) by 48.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,855 shares of the financial services provider’s stock after acquiring an additional 54,815 shares during the period. Teacher Retirement System of Texas owned about 0.10% of Nasdaq worth $14,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NDAQ. SG Americas Securities LLC boosted its holdings in Nasdaq by 1.3% in the 4th quarter. SG Americas Securities LLC now owns 47,729 shares of the financial services provider’s stock worth $3,667,000 after buying an additional 627 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Nasdaq by 3.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 21,786 shares of the financial services provider’s stock worth $1,674,000 after buying an additional 726 shares during the period. Spectrum Management Group Inc. boosted its holdings in Nasdaq by 13.6% in the 1st quarter. Spectrum Management Group Inc. now owns 6,955 shares of the financial services provider’s stock worth $600,000 after buying an additional 830 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Nasdaq by 6.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 14,730 shares of the financial services provider’s stock worth $1,132,000 after buying an additional 838 shares during the period. Finally, ING Groep NV boosted its holdings in Nasdaq by 7.7% in the 1st quarter. ING Groep NV now owns 11,912 shares of the financial services provider’s stock worth $1,027,000 after buying an additional 848 shares during the period. 74.81% of the stock is owned by hedge funds and other institutional investors.

Shares of NDAQ stock opened at $90.07 on Monday. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 1.91 and a beta of 0.66. Nasdaq Inc has a 52 week low of $66.61 and a 52 week high of $91.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, April 25th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $735.00 million for the quarter, compared to analysts’ expectations of $649.55 million. Nasdaq had a net margin of 17.88% and a return on equity of 12.93%. The business’s revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. equities analysts expect that Nasdaq Inc will post 4.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.95%. This is a boost from Nasdaq’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, June 14th. Nasdaq’s dividend payout ratio is currently 37.44%.

Nasdaq announced that its Board of Directors has initiated a stock repurchase plan on Monday, January 29th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Several research analysts recently weighed in on the stock. UBS upped their target price on shares of Nasdaq from $100.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. Bank of America set a $82.00 price target on shares of Nasdaq and gave the stock a “sell” rating in a research note on Wednesday, April 25th. JPMorgan Chase boosted their price target on shares of Nasdaq from $87.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, April 26th. Wells Fargo boosted their price target on shares of Nasdaq from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, March 29th. Finally, Zacks Investment Research cut shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $88.27.

In other news, insider Bradley J. Peterson sold 1,400 shares of the company’s stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $88.25, for a total transaction of $123,550.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Edward S. Knight sold 26,258 shares of the company’s stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $88.20, for a total transaction of $2,315,955.60. Following the sale, the executive vice president now owns 86,627 shares in the company, valued at $7,640,501.40. The disclosure for this sale can be found here. Insiders have sold a total of 29,658 shares of company stock worth $2,618,346 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Nasdaq Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply