Teachers Retirement System of The State of Kentucky Holds Stake in Nasdaq, Inc. (NDAQ)
Teachers Retirement System of The State of Kentucky held its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,300 shares of the financial services provider’s stock at the close of the second quarter. Teachers Retirement System of The State of Kentucky’s holdings in Nasdaq were worth $879,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Palo Capital Inc. grew its position in Nasdaq by 0.4% in the second quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 45 shares in the last quarter. CIBC Asset Management Inc grew its position in Nasdaq by 0.4% in the second quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 50 shares in the last quarter. Stanley Laman Group Ltd. grew its position in Nasdaq by 0.6% in the second quarter. Stanley Laman Group Ltd. now owns 9,457 shares of the financial services provider’s stock valued at $676,000 after acquiring an additional 57 shares in the last quarter. Pacer Advisors Inc. grew its position in Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 77 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its position in Nasdaq by 2.4% in the second quarter. Thrivent Financial For Lutherans now owns 4,330 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 74.63% of the company’s stock.
In other news, Director Lars Wedenborn sold 3,045 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward S. Knight sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the sale, the insider now owns 78,063 shares in the company, valued at $5,807,106.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,844 shares of company stock worth $2,788,100. 1.60% of the stock is currently owned by company insiders.
NDAQ has been the subject of several recent research reports. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Barclays PLC initiated coverage on shares of Nasdaq in a research report on Friday, September 8th. They issued an “overweight” rating and a $85.00 price objective for the company. Zacks Investment Research downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Monday. Royal Bank Of Canada set a $74.00 price objective on shares of Nasdaq and gave the company a “hold” rating in a research report on Monday, July 17th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $71.00 price objective (up previously from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Nasdaq has a consensus rating of “Hold” and an average target price of $76.30.
Shares of Nasdaq, Inc. (NASDAQ:NDAQ) opened at 74.91 on Friday. The firm has a market cap of $12.49 billion, a P/E ratio of 56.92 and a beta of 0.77. The stock’s 50 day moving average is $75.66 and its 200-day moving average is $71.94. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $78.31.
Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. Nasdaq’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. Equities analysts anticipate that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, September 14th. Nasdaq’s dividend payout ratio is presently 118.75%.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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