Teachers Retirement System of The State of Kentucky decreased its position in Nasdaq Inc (NASDAQ:NDAQ) by 11.5% during the fourth quarter, Holdings Channel reports. The fund owned 13,800 shares of the company’s stock after selling 1,800 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Nasdaq were worth $926,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of NDAQ. State Street Corp raised its position in Nasdaq by 9.4% in the fourth quarter. State Street Corp now owns 5,275,896 shares of the company’s stock worth $354,120,000 after buying an additional 451,446 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Nasdaq by 5.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,351,880 shares of the company’s stock worth $226,386,000 after buying an additional 178,591 shares during the last quarter. AQR Capital Management LLC raised its position in Nasdaq by 4.0% in the fourth quarter. AQR Capital Management LLC now owns 2,300,215 shares of the company’s stock worth $154,390,000 after buying an additional 88,277 shares during the last quarter. BlackRock Fund Advisors raised its position in Nasdaq by 5.9% in the third quarter. BlackRock Fund Advisors now owns 2,139,564 shares of the company’s stock worth $144,506,000 after buying an additional 119,592 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Nasdaq by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 1,567,561 shares of the company’s stock worth $105,873,000 after buying an additional 111,236 shares during the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.
Nasdaq Inc (NASDAQ:NDAQ) opened at 70.88 on Monday. The firm has a 50-day moving average of $70.66 and a 200 day moving average of $68.08. Nasdaq Inc has a 12-month low of $61.19 and a 12-month high of $72.52. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 110.75 and a beta of 0.89.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Tuesday, January 31st. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.95. The business earned $599 million during the quarter, compared to the consensus estimate of $600.89 million. Nasdaq had a net margin of 2.94% and a return on equity of 10.99%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. On average, equities analysts predict that Nasdaq Inc will post $4.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, March 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.81%. Nasdaq’s dividend payout ratio is presently 206.45%.
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NDAQ has been the topic of a number of recent research reports. Credit Suisse Group AG restated an “outperform” rating and set a $70.00 price target on shares of Nasdaq in a research report on Sunday, November 20th. Zacks Investment Research lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research report on Monday, January 9th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $72.17.
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.
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