Kentucky Retirement Systems Raises Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Kentucky Retirement Systems grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,828 shares of the financial services provider’s stock after acquiring an additional 154 shares during the period. Kentucky Retirement Systems’ holdings in Nasdaq were worth $2,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Empowered Funds LLC raised its stake in Nasdaq by 25.4% during the 3rd quarter. Empowered Funds LLC now owns 8,860 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 1,795 shares during the period. Empirical Finance LLC grew its holdings in Nasdaq by 3.9% during the 3rd quarter. Empirical Finance LLC now owns 12,295 shares of the financial services provider’s stock valued at $898,000 after buying an additional 459 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Nasdaq by 14.3% during the third quarter. CIBC Asset Management Inc now owns 64,872 shares of the financial services provider’s stock valued at $4,736,000 after buying an additional 8,114 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Nasdaq by 13.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,741 shares of the financial services provider’s stock worth $930,000 after buying an additional 1,491 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of Nasdaq by 7.9% during the third quarter. Metis Global Partners LLC now owns 27,553 shares of the financial services provider’s stock worth $2,012,000 after acquiring an additional 2,011 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Up 0.9 %

Shares of NASDAQ NDAQ opened at $78.76 on Monday. Nasdaq, Inc. has a fifty-two week low of $53.36 and a fifty-two week high of $80.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $45.27 billion, a price-to-earnings ratio of 47.16, a PEG ratio of 3.07 and a beta of 0.95. The business’s 50 day moving average price is $74.28 and its 200-day moving average price is $67.46.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. On average, sell-side analysts expect that Nasdaq, Inc. will post 2.78 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.22%. Nasdaq’s dividend payout ratio (DPR) is 57.49%.

Insiders Place Their Bets

In related news, EVP Jeremy Skule sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.92, for a total value of $935,040.00. Following the completion of the sale, the executive vice president now directly owns 114,580 shares of the company’s stock, valued at $8,928,073.60. This represents a 9.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $75.32, for a total transaction of $1,027,515.44. Following the transaction, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,384 shares of company stock worth $2,860,902 in the last three months. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on NDAQ shares. Morgan Stanley boosted their price target on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods increased their price target on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their price target on Nasdaq from $78.00 to $80.00 and gave the company a “hold” rating in a report on Monday, November 11th. Barclays increased their target price on Nasdaq from $84.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Nasdaq 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.