Teacher Retirement System of Texas Increases Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Teacher Retirement System of Texas boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 192.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,192 shares of the financial services provider's stock after buying an additional 116,545 shares during the quarter. Teacher Retirement System of Texas' holdings in Nasdaq were worth $13,442,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Nasdaq by 1.0% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock valued at $1,260,000 after purchasing an additional 157 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Nasdaq by 4.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock valued at $317,000 after purchasing an additional 164 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Nasdaq by 7.1% in the first quarter. Wesbanco Bank Inc. now owns 2,829 shares of the financial services provider's stock valued at $215,000 after purchasing an additional 187 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Nasdaq by 10.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider's stock valued at $159,000 after purchasing an additional 192 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Nasdaq by 4.5% in the fourth quarter. Parallel Advisors LLC now owns 4,550 shares of the financial services provider's stock valued at $352,000 after purchasing an additional 197 shares during the period. Hedge funds and other institutional investors own 72.47% of the company's stock.

Insiders Place Their Bets

In related news, insider Pc Nelson Griggs sold 8,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the transaction, the insider owned 211,405 shares of the company's stock, valued at approximately $17,552,957.15. The trade was a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bradley J. Peterson sold 11,508 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the transaction, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. The trade was a 9.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,613 shares of company stock worth $1,874,659. Corporate insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NDAQ. Bank of America lifted their price target on shares of Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target for the company in a research note on Thursday, April 17th. The Goldman Sachs Group lifted their price target on shares of Nasdaq from $85.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $87.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and a consensus target price of $88.06.

Nasdaq Stock Performance

Shares of NDAQ opened at $89.93 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $51.63 billion, a P/E ratio of 40.88, a P/E/G ratio of 2.32 and a beta of 1.01. The company's fifty day moving average is $83.49 and its two-hundred day moving average is $79.33. Nasdaq, Inc. has a 1 year low of $59.95 and a 1 year high of $90.35.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Nasdaq had a net margin of 16.36% and a return on equity of 15.38%. The business's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS. On average, sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $0.27 per share. This is a positive change from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, June 13th. Nasdaq's payout ratio is presently 49.09%.

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.

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