Teacher Retirement System of Texas Boosts Holdings in Nasdaq, Inc. $NDAQ

Teacher Retirement System of Texas boosted its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 108.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 471,492 shares of the financial services provider’s stock after purchasing an additional 245,581 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of Nasdaq worth $41,703,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. US Bancorp DE increased its stake in Nasdaq by 35.9% during the 2nd quarter. US Bancorp DE now owns 64,153 shares of the financial services provider’s stock worth $5,737,000 after buying an additional 16,950 shares in the last quarter. 111 Capital boosted its stake in shares of Nasdaq by 67.0% in the second quarter. 111 Capital now owns 11,089 shares of the financial services provider’s stock worth $992,000 after acquiring an additional 4,450 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Nasdaq by 53.1% during the second quarter. QRG Capital Management Inc. now owns 59,504 shares of the financial services provider’s stock worth $5,321,000 after purchasing an additional 20,637 shares in the last quarter. Paradigm Asset Management Co. LLC acquired a new position in Nasdaq in the 2nd quarter valued at $1,511,000. Finally, Swedbank AB lifted its holdings in Nasdaq by 74.4% in the 3rd quarter. Swedbank AB now owns 82,068 shares of the financial services provider’s stock valued at $7,259,000 after purchasing an additional 35,015 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a report on Thursday, October 9th. Raymond James Financial restated an “outperform” rating and set a $100.00 price target (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. JPMorgan Chase & Co. increased their price objective on shares of Nasdaq from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, January 12th. TD Cowen reissued a “hold” rating on shares of Nasdaq in a research note on Wednesday, January 14th. 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.67.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $85.40, for a total value of $179,767.00. Following the sale, the executive vice president owned 84,974 shares in the company, valued at $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adena T. Friedman sold 300,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $96.39, for a total value 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 approximately $185,541,400.17. This trade represents a 13.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 306,605 shares of company stock valued at $29,546,812 over the last quarter. 0.70% of the stock is owned by insiders.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $98.05 on Friday. The company’s 50-day moving average is $94.56 and its two-hundred day moving average is $92.31. Nasdaq, Inc. has a 1-year low of $64.84 and a 1-year high of $101.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $55.99 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 1.48 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Company 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.