California Public Employees Retirement System Lowers Position in Nasdaq, Inc. (NASDAQ:NDAQ)

California Public Employees Retirement System reduced its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & 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 owned approximately 0.30% of Nasdaq worth $132,451,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. RWA Wealth Partners LLC lifted its holdings in shares of Nasdaq by 2.8% in the 4th quarter. RWA Wealth Partners LLC now owns 22,766 shares of the financial services provider’s stock valued at $1,760,000 after buying an additional 613 shares during the period. Schroder Investment Management Group lifted its holdings in Nasdaq by 2.2% in the fourth quarter. Schroder Investment Management Group now owns 97,261 shares of the financial services provider’s stock valued at $7,528,000 after acquiring an additional 2,119 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Nasdaq during the 4th quarter worth $4,234,000. OneAscent Wealth Management LLC acquired a new position in shares of Nasdaq during the 4th quarter worth $249,000. Finally, Allstate Corp purchased a new position in shares of Nasdaq in the 4th quarter valued at about $994,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Price Performance

NDAQ stock opened at $74.91 on Monday. The stock has a market capitalization of $43.08 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The stock’s fifty day simple moving average is $79.12 and its 200-day simple moving average is $77.63. Nasdaq, Inc. has a 52-week low of $58.10 and a 52-week high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81.

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

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend 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%.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several recent analyst reports. Oppenheimer upped their target price on shares of Nasdaq from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Raymond James raised their price objective on Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Keefe, Bruyette & Woods boosted their target price on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Barclays dropped their price target on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, Citigroup boosted their price objective on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insider Buying and Selling at Nasdaq

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

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.