Kentucky Retirement Systems Has $2.20 Million Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Kentucky Retirement Systems lessened its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,437 shares of the financial services provider’s stock after selling 391 shares during the quarter. Kentucky Retirement Systems’ holdings in Nasdaq were worth $2,198,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Olstein Capital Management L.P. boosted its holdings in shares of Nasdaq by 35.6% during the 4th quarter. Olstein Capital Management L.P. now owns 80,000 shares of the financial services provider’s stock valued at $6,185,000 after acquiring an additional 21,000 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Nasdaq by 75.7% during the 4th quarter. Pacer Advisors Inc. now owns 53,933 shares of the financial services provider’s stock valued at $4,170,000 after acquiring an additional 23,244 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Nasdaq by 26.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after acquiring an additional 9,130 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Nasdaq during the 4th quarter valued at $856,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Nasdaq by 49.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 164,179 shares of the financial services provider’s stock valued at $11,987,000 after acquiring an additional 54,594 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Activity at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction dated 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 directly owns 55,576 shares in the company, valued at $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on NDAQ. Oppenheimer raised their price objective on Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 13th. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a report on Saturday, December 14th. William Blair assumed coverage on Nasdaq in a report on Monday, November 25th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. lifted their target price on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Barclays cut their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $81.07 on Friday. Nasdaq, Inc. has a twelve month low of $55.51 and a twelve month high of $84.15. The stock’s 50 day moving average price is $79.63 and its 200-day moving average price is $76.49. The company has a market capitalization of $46.60 billion, a PE ratio of 42.22, a PEG ratio of 2.12 and a beta of 0.99. 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 posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, equities analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq’s dividend payout ratio is currently 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.