Teachers Retirement System of The State of Kentucky Purchases 3,196 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Teachers Retirement System of The State of Kentucky raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 130,840 shares of the financial services provider's stock after purchasing an additional 3,196 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Nasdaq were worth $9,925,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Laird Norton Wetherby Wealth Management LLC raised its stake in Nasdaq by 1.0% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock worth $1,260,000 after acquiring an additional 157 shares during the period. Gamco Investors INC. ET AL lifted its position 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 acquiring an additional 164 shares in the last quarter. Wesbanco Bank Inc. raised its stake in Nasdaq by 7.1% during the 1st 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. Grove Bank & Trust raised its position in shares of Nasdaq by 194.6% during the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock valued at $25,000 after buying an additional 216 shares during the last quarter. Finally, Compass Capital Corp MA ADV boosted its position in shares of Nasdaq by 1.4% during the first quarter. Compass Capital Corp MA ADV now owns 15,995 shares of the financial services provider's stock worth $1,201,000 after acquiring an additional 216 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Trading Down 0.6%

Shares of NASDAQ NDAQ opened at $89.37 on Monday. Nasdaq, Inc. has a fifty-two week low of $62.43 and a fifty-two week high of $90.84. 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 company has a market cap of $51.31 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 2.15 and a beta of 1.01. The business's 50 day moving average price is $85.91 and its 200-day moving average price is $80.16.

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

Nasdaq Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.21%. This is a boost from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, June 13th. Nasdaq's dividend payout ratio is currently 49.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NDAQ shares. Morgan Stanley boosted their target price on Nasdaq from $75.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. UBS Group increased their target price on Nasdaq from $82.00 to $95.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. The Goldman Sachs Group boosted their price target on shares of Nasdaq from $85.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Redburn Atlantic raised shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 price target on the stock in a research note on Thursday, April 17th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $92.63.

Insider Transactions at Nasdaq

In related news, EVP Bradley J. Peterson sold 11,508 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $88.87, for a total value of $1,022,715.96. Following the completion of the sale, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. This represents a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 8,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the transaction, the insider directly owned 211,405 shares in the company, valued at $17,552,957.15. This trade represents a 3.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,613 shares of company stock valued at $1,874,659. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq 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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