Teacher Retirement System of Texas raised its position in shares of Nasdaq Inc. (NASDAQ:NDAQ) by 137.3% during the second quarter, Holdings Channel reports. The fund owned 14,859 shares of the company’s stock after buying an additional 8,598 shares during the period. Teacher Retirement System of Texas’ holdings in Nasdaq were worth $961,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Nasdaq by 14.2% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 26,616 shares of the company’s stock worth $1,767,000 after buying an additional 3,314 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in Nasdaq by 8.4% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 27,932 shares of the company’s stock worth $1,854,000 after buying an additional 2,163 shares during the last quarter. Commonwealth Equity Services Inc increased its position in Nasdaq by 8.9% in the first quarter. Commonwealth Equity Services Inc now owns 5,502 shares of the company’s stock worth $365,000 after buying an additional 448 shares during the last quarter. Aperio Group LLC increased its position in Nasdaq by 8.2% in the first quarter. Aperio Group LLC now owns 133,036 shares of the company’s stock worth $8,831,000 after buying an additional 10,110 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Nasdaq by 4.6% in the first quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock worth $207,000 after buying an additional 137 shares during the last quarter. Institutional investors own 74.20% of the company’s stock.
Shares of Nasdaq Inc. (NASDAQ:NDAQ) traded down 0.23% during trading on Monday, hitting $69.30. 279,584 shares of the stock traded hands. Nasdaq Inc. has a 52 week low of $50.98 and a 52 week high of $71.92. The firm has a market cap of $11.47 billion, a P/E ratio of 24.00 and a beta of 0.77. The company has a 50-day moving average of $70.28 and a 200-day moving average of $66.51.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.03. The company had revenue of $559 million for the quarter, compared to analyst estimates of $548 million. Nasdaq had a return on equity of 10.76% and a net margin of 13.79%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. On average, analysts forecast that Nasdaq Inc. will post $3.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.84%. The ex-dividend date is Wednesday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 44.44%.
NDAQ has been the topic of a number of analyst reports. Deutsche Bank AG reiterated a “buy” rating on shares of Nasdaq in a research report on Saturday, June 4th. Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Credit Suisse Group AG reiterated a “buy” rating and issued a $68.00 price target on shares of Nasdaq in a research report on Wednesday, June 29th. Evercore ISI downgraded shares of Nasdaq from a “buy” rating to a “hold” rating and cut their price target for the company from $69.00 to $68.00 in a research report on Tuesday, July 5th. Finally, Barclays PLC cut their price target on shares of Nasdaq from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $69.67.
In other Nasdaq news, EVP Thomas A. Wittman sold 24,893 shares of the business’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $67.08, for a total value of $1,669,822.44. Following the transaction, the executive vice president now directly owns 64,956 shares of the company’s stock, valued at $4,357,248.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Pc Nelson Griggs sold 2,945 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $71.52, for a total value of $210,626.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.
Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq Inc. (NASDAQ:NDAQ).
Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.