Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 329,080 shares of the financial services provider’s stock after selling 825 shares during the quarter. New York State Teachers Retirement System’s holdings in Nasdaq were worth $25,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq in the 3rd quarter worth about $27,000. Founders Capital Management bought a new position in Nasdaq in the fourth quarter worth about $27,000. Claro Advisors LLC acquired a new position in Nasdaq in the third quarter valued at approximately $33,000. Raleigh Capital Management Inc. boosted its stake in Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 225 shares during the period. Finally, Focused Wealth Management Inc bought a new position in shares of Nasdaq during the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq Stock Performance

NDAQ opened at $80.91 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a market cap of $46.50 billion, a PE ratio of 42.14, a P/E/G ratio of 2.15 and a beta of 0.99. The business has a fifty day simple moving average of $79.51 and a 200-day simple moving average of $75.96. Nasdaq, Inc. has a fifty-two week low of $54.90 and a fifty-two week high of $84.15.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, equities analysts predict that Nasdaq, Inc. will post 3.17 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.19%. Nasdaq’s dividend payout ratio is currently 50.00%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. The trade was a 10.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NDAQ. TD Cowen reduced their price objective on Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. UBS Group boosted their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. Raymond James boosted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average price target of $86.88.

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.