Public Employees Retirement System of Ohio Has $17.03 Million Holdings in Nasdaq, Inc. $NDAQ

Public Employees Retirement System of Ohio grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 47.2% in the first quarter, Holdings Channel reports. The fund owned 200,645 shares of the financial services provider’s stock after acquiring an additional 64,352 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Nasdaq were worth $17,033,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. NBC Securities Inc. grew its position in Nasdaq by 7.8% during the 4th quarter. NBC Securities Inc. now owns 1,529 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 111 shares during the last quarter. ORG Wealth Partners LLC boosted its stake in shares of Nasdaq by 6.9% during the fourth quarter. ORG Wealth Partners LLC now owns 1,746 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 112 shares in the last quarter. Independent Advisor Alliance boosted its stake in shares of Nasdaq by 2.6% during the fourth quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 117 shares in the last quarter. Quantum Portfolio Management LLC grew its holdings in shares of Nasdaq by 1.8% during the first quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock worth $606,000 after purchasing an additional 123 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its holdings in shares of Nasdaq by 1.5% during the fourth quarter. Frank Rimerman Advisors LLC now owns 8,560 shares of the financial services provider’s stock worth $831,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Key Nasdaq News

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Nasdaq delivered a solid Q2 beat on both earnings and revenue, with strong growth in index and FinTech driving better-than-expected results and record Market Services performance. Article Title
• Positive Sentiment: The company announced a quarterly dividend of $0.31 per share, which may appeal to income-focused investors and signals continued shareholder returns. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target to $102, indicating improved valuation expectations even though the rating remained market perform. Article Title
• Neutral Sentiment: Nasdaq’s July short-interest report showed 0 shares short and a 0.0-day days-to-cover figure, which appears more like a data anomaly than a meaningful trading signal. Article Title
• Neutral Sentiment: The company also ended its Miami case and sold its fund secondaries business, a portfolio move that may be viewed as strategic housekeeping rather than a major earnings driver. Article Title

Insider Activity

In other news, insider Cohen Tal sold 15,518 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $90.75, for a total value of $1,408,258.50. Following the sale, the insider directly owned 215,208 shares of the company’s stock, valued at approximately $19,530,126. This represents a 6.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bradley J. Peterson sold 7,710 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total transaction of $700,222.20. Following the sale, the executive vice president owned 141,035 shares of the company’s stock, valued at approximately $12,808,798.70. This trade represents a 5.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.60% of the company’s stock.

Nasdaq Price Performance

Shares of NDAQ opened at $92.09 on Friday. The business has a 50-day moving average of $87.43 and a 200-day moving average of $88.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market capitalization of $52.08 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.47 and a beta of 0.99. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.98 by $0.09. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 4.03 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.31 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. Nasdaq’s payout ratio is 37.35%.

Analyst Ratings Changes

NDAQ has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a report on Monday, July 20th. Loop Capital set a $113.00 target price on shares of Nasdaq in a report on Friday, April 24th. Raymond James Financial restated an “outperform” rating and issued a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Rothschild & Co Redburn set a $110.00 price target on shares of Nasdaq in a research note on Thursday, June 11th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $109.73.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.