Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,713,247 shares of the financial services provider’s stock after selling 2,896 shares during the period. California Public Employees Retirement System’s holdings in Nasdaq were worth $132,451,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in Nasdaq during the 4th quarter worth $26,000. Founders Capital Management purchased a new stake in shares of Nasdaq during the fourth quarter worth about $27,000. Kestra Investment Management LLC acquired a new position in shares of Nasdaq in the fourth quarter worth about $33,000. Raleigh Capital Management Inc. boosted its holdings in Nasdaq by 106.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. Finally, TCTC Holdings LLC acquired a new stake in Nasdaq during the 4th quarter valued at approximately $41,000. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group increased their target price on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Barclays cut their price target on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Citigroup raised their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Oppenheimer upped their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Finally, Raymond James lifted their price target on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.88.

Nasdaq Stock Performance

NDAQ stock opened at $74.91 on Monday. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The stock has a market capitalization of $43.08 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock’s fifty day moving average is $79.12 and its two-hundred day moving average is $77.63.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, research analysts predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

About Nasdaq

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.