Nasdaq, Inc. $NDAQ Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 131,785 shares of the financial services provider’s stock after selling 10,480 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Nasdaq were worth $12,800,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Nasdaq by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock valued at $5,819,727,000 after purchasing an additional 268,481 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich increased its position in shares of Nasdaq by 2.4% in the fourth quarter. Munich Reinsurance Co Stock Corp in Munich now owns 666,027 shares of the financial services provider’s stock valued at $65,391,000 after buying an additional 15,661 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Nasdaq by 4.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 29,996 shares of the financial services provider’s stock worth $2,913,000 after buying an additional 1,371 shares during the period. NBC Securities Inc. raised its stake in shares of 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 buying an additional 111 shares during the period. Finally, Lebenthal Global Advisors LLC lifted its position in shares of Nasdaq by 43.4% during the 4th quarter. Lebenthal Global Advisors LLC now owns 7,278 shares of the financial services provider’s stock valued at $707,000 after buying an additional 2,203 shares in the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q1 results beat expectations — Nasdaq reported EPS of $0.96 vs. $0.93 expected and stronger-than-expected revenue (double-digit net revenue growth across divisions). This is the primary positive catalyst supporting the stock’s rise. Nasdaq Q1 Results
• Positive Sentiment: Dividend hike — the board raised the quarterly dividend to $0.31 (≈14.8% increase), indicating cash return commitment and supporting income-oriented investor interest. Dividend Announcement
• Positive Sentiment: Business mix and growth drivers — management highlighted AI and cloud-driven growth in Solutions and FinTech segments, providing conviction that revenue acceleration is sustainable beyond the quarter. AI & Cloud Growth
• Positive Sentiment: Analyst action — Keefe, Bruyette & Woods raised its price target to $97 (market perform), a modest supportive signal from the sell-side that implies upside from current levels. KBW Target Raise
• Neutral Sentiment: Mid-month short-interest data — Nasdaq published mid-April short interest across Nasdaq Global Market securities; overall days-to-cover ticked slightly lower to ~2.71 days. This is market-structure data rather than a direct stock-specific catalyst for NDAQ. Mid-Month Short Interest
• Neutral Sentiment: Analyst landscape is mixed but skewed positive — several firms maintain overweight/positive views and the median 6‑month target remains above the current price, which supports medium-term upside but isn’t an immediate catalyst. Analyst Targets & Ratings
• Negative Sentiment: Insider selling — disclosure shows significant insider sales in the past six months (including a large sale by CEO Adena Friedman), which can be perceived negatively by some investors even if sales have benign explanations. This could cap some near-term upside. Insider Activity
• Negative Sentiment: Mixed institutional moves — large reallocations (e.g., UBS materially cut its position while others added) increase volatility risk; big fund flows can amplify moves if followed by further rebalancing. Institutional Activity

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Saturday. Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $92.00 to $97.00 and gave the company a “market perform” rating in a report on Friday. Loop Capital set a $113.00 target price on shares of Nasdaq in a research note on Friday. UBS Group restated a “buy” rating and set a $120.00 price target (up from $115.00) on shares of Nasdaq in a research report on Monday, January 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $107.15.

Nasdaq Stock Performance

Shares of NDAQ opened at $89.90 on Monday. Nasdaq, Inc. has a 52-week low of $74.11 and a 52-week high of $101.79. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average is $85.65 and its two-hundred day moving average is $89.61. The stock has a market cap of $51.10 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.94 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Nasdaq had a net margin of 23.15% and a return on equity of 17.51%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. Research analysts forecast that Nasdaq, Inc. will post 3.84 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, June 12th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.27. Nasdaq’s payout ratio is currently 32.53%.

Insider Buying and Selling

In other Nasdaq news, CEO Adena T. Friedman sold 113,611 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $85.44, for a total value of $9,706,923.84. Following the transaction, the chief executive officer directly owned 1,965,751 shares of the company’s stock, valued at $167,953,765.44. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 506,451 shares of company stock valued at $47,142,951. 0.70% of the stock is currently owned by corporate insiders.

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.