Nasdaq, Inc. $NDAQ Shares Bought by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC significantly increased its holdings in Nasdaq, Inc. by 712.5%, owning a total of 21,474 shares after acquiring an additional 18,831 shares in the first quarter.
• Several large institutional investors also increased their stakes in Nasdaq, with over 72.47% of the stock currently owned by institutional investors.
• Nasdaq's stock recently experienced price target increases from multiple analysts, with a consensus price target of $97.06 and an average rating of "Moderate Buy."

Teza Capital Management LLC raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 712.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,474 shares of the financial services provider's stock after purchasing an additional 18,831 shares during the period. Nasdaq accounts for approximately 0.7% of Teza Capital Management LLC's investment portfolio, making the stock its 13th biggest holding. Teza Capital Management LLC's holdings in Nasdaq were worth $1,629,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd boosted its holdings in Nasdaq by 5.1% in the first quarter. UniSuper Management Pty Ltd now owns 41,086 shares of the financial services provider's stock worth $3,117,000 after acquiring an additional 1,991 shares in the last quarter. Scientech Research LLC acquired a new stake in Nasdaq in the 1st quarter worth approximately $853,000. Redwood Financial Network Corp purchased a new stake in Nasdaq during the 1st quarter worth approximately $207,000. Parkwood LLC acquired a new position in Nasdaq during the 1st quarter valued at approximately $2,473,000. Finally, Petrus Trust Company LTA acquired a new position in Nasdaq during the 1st quarter valued at approximately $693,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada upped their price target on shares of Nasdaq from $95.00 to $108.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. UBS Group upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and upped their price target for the company from $95.00 to $115.00 in a research note on Friday, July 25th. The Goldman Sachs Group restated a "buy" rating on shares of Nasdaq in a research note on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.06.

Nasdaq Price Performance

NASDAQ NDAQ traded down $1.28 during trading hours on Friday, reaching $94.33. The company's stock had a trading volume of 1,053,584 shares, compared to its average volume of 3,232,285. The firm has a market capitalization of $54.12 billion, a price-to-earnings ratio of 36.36, a P/E/G ratio of 2.07 and a beta of 1.02. The company's 50-day moving average is $93.52 and its two-hundred day moving average is $84.06. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $97.63.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.Nasdaq's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. On average, equities analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Nasdaq's dividend payout ratio is presently 41.54%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, SVP Michelle Lynn Daly sold 8,691 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the sale, the senior vice president owned 8,879 shares in the company, valued at approximately $829,742.55. This represents a 49.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $95.49, for a total transaction of $201,006.45. Following the completion of the sale, the executive vice president owned 92,551 shares of the company's stock, valued at approximately $8,837,694.99. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,409 shares of company stock worth $2,223,599. Insiders own 0.70% of the company's stock.

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.