Nasdaq, Inc. $NDAQ Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama increased its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,697 shares of the financial services provider’s stock after acquiring an additional 7,997 shares during the quarter. Retirement Systems of Alabama’s holdings in Nasdaq were worth $8,553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Empowered Funds LLC raised its position in shares of Nasdaq by 3.8% during the 1st quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock worth $1,106,000 after purchasing an additional 538 shares during the last quarter. Woodline Partners LP increased its stake in Nasdaq by 40.7% during the 1st quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock worth $2,652,000 after buying an additional 10,110 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Nasdaq by 22.0% during the first quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock valued at $1,089,000 after acquiring an additional 2,584 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Nasdaq by 345.5% in the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 463 shares during the last quarter. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Nasdaq in the second quarter worth approximately $217,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on NDAQ. TD Cowen reissued a “hold” rating on shares of Nasdaq in a research note on Wednesday, January 14th. Morgan Stanley restated an “overweight” rating and set a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, January 15th. Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 price objective (up previously from $99.00) on shares of Nasdaq in a research note on Monday, October 13th. Barclays set a $115.00 target price on shares of Nasdaq and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Finally, UBS Group restated a “buy” rating and set a $120.00 target price (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.67.

Nasdaq Stock Performance

Nasdaq stock opened at $98.09 on Friday. The firm has a 50 day simple moving average of $95.55 and a 200-day simple moving average of $92.56. The stock has a market cap of $56.01 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%. On average, analysts expect 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 Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s dividend payout ratio (DPR) is presently 38.57%.

Insider Buying and Selling

In related news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $85.40, for a total transaction of $179,767.00. Following the completion of the sale, the executive vice president directly owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adena T. Friedman sold 300,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares in the company, valued at $185,541,400.17. The trade was a 13.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 306,605 shares of company stock valued at $29,546,812. 0.70% of the stock is currently owned by insiders.

More Nasdaq News

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q4 beat — Nasdaq reported $0.96 EPS vs. the $0.91 consensus and $1.39B revenue vs. $1.37B expected, driven by broad revenue gains across divisions; the beat supports fundamentals and valuation. Nasdaq (NDAQ) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Strong full-year results — Nasdaq reported annual results exceeding $5.2B in net revenue and $4.0B in solutions revenue, reinforcing growth in its recurring solutions businesses. Nasdaq Reports Fourth-Quarter and Full-Year 2025 Results
• Positive Sentiment: Dividend declared — Board approved a quarterly dividend of $0.27 per share (≈1.1% yield), signaling cash return to shareholders and board confidence in cash flow. Nasdaq Announces Quarterly Dividend of $0.27 Per Share
• Neutral Sentiment: Analyst/price-target commentary — Recent coverage and price-target discussion may influence near-term trading and sentiment but does not change reported fundamentals. How The Latest Price Target Is Shaping The Nasdaq NDAQ Investment Story
• Neutral Sentiment: Investor materials available — Management held the earnings call and published slides/transcript and the conference materials are live for deeper review (useful for gauging segment-level outlook). Nasdaq Earnings Report & Conference Call
• Negative Sentiment: Expense outlook tweak — Management flagged higher expenses/higher expense assumptions that partially offset revenue growth; investors may worry about margin pressure and EPS durability. Nasdaq Beats Q4 Earnings & Revenue Estimates, Tweaks Expense View

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.