California State Teachers Retirement System Boosts Stock Holdings in Nasdaq, Inc. $NDAQ

California State Teachers Retirement System boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 7,824.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,567,827 shares of the financial services provider’s stock after purchasing an additional 50,917,084 shares during the quarter. California State Teachers Retirement System owned about 9.23% of Nasdaq worth $4,064,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Washington Trust Advisors Inc. purchased a new position in shares of Nasdaq during the second quarter valued at about $115,000. HB Wealth Management LLC grew its holdings in Nasdaq by 4.3% during the 2nd quarter. HB Wealth Management LLC now owns 20,140 shares of the financial services provider’s stock valued at $1,587,000 after buying an additional 826 shares in the last quarter. Saudi Central Bank grew its holdings in Nasdaq by 88.8% during the 2nd quarter. Saudi Central Bank now owns 31,833 shares of the financial services provider’s stock valued at $2,509,000 after buying an additional 14,972 shares in the last quarter. AlphaGrep UK Ltd bought a new stake in Nasdaq in the 2nd quarter worth approximately $522,000. Finally, Oakmont Investment Advisors Inc. purchased a new stake in shares of Nasdaq during the 2nd quarter worth approximately $1,547,000. Institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In other Nasdaq news, insider Nelson Griggs sold 11,010 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the completion of the sale, the insider owned 205,001 shares of the company’s stock, valued at $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bradley Peterson sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the transaction, the executive vice president owned 128,293 shares of the company’s stock, valued at $11,881,214.73. This trade represents a 9.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 41,797 shares of company stock valued at $3,926,319. 0.60% of the stock is owned by corporate insiders.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $92.01 on Friday. The business’s 50 day moving average price is $93.99 and its 200-day moving average price is $89.40. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.79. The company has a market cap of $51.43 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.64 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $0.85 earnings per share. Nasdaq’s revenue was up 14.9% on a year-over-year basis. Sell-side analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend 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 currently 36.15%.

Nasdaq News Roundup

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Nasdaq Ventures agreed to invest $100 million in Payward, Kraken’s parent company, and plans to advance Nasdaq Equity Tokens for potential launch in 2027. The partnership could position Nasdaq to participate in 24/7 tokenized-equity trading and expand its digital-market infrastructure business. Nasdaq Deepens Relationship With Payward
• Positive Sentiment: The Payward agreement also includes a market-surveillance partnership, creating an opportunity for Nasdaq to generate recurring technology and compliance revenue across crypto, equities, derivatives, and tokenized assets. Nasdaq Invests in Kraken Parent
• Positive Sentiment: Short interest in NDAQ fell 34.2% to about 6.1 million shares as of August 31, equal to only 1.1% of shares outstanding and 2.3 days of average trading volume. The reduction suggests less bearish positioning and may provide a supportive technical signal.
• Positive Sentiment: Nasdaq’s global asset-manager survey identified private markets as the leading area of client demand, while 80% of firms reported using AI in product development. This supports potential growth for Nasdaq’s indexes, data, analytics, and eVestment businesses. Private Markets and AI Survey
• Neutral Sentiment: The survey also showed that demand is difficult to convert into scaled products: 71% of asset managers cited increasing competition, and only 26% use AI across multiple development stages. These findings highlight opportunity for Nasdaq but also execution challenges.
• Negative Sentiment: The tokenization opportunity remains several years away, with the targeted 2027 rollout dependent on regulatory approval, technology execution, and sufficient trading-volume adoption. Nasdaq’s $100 million investment may therefore weigh on near-term returns before producing material revenue.
• Negative Sentiment: Recent insider activity has been predominantly selling, including sales by CEO Adena Friedman and other executives, which may contribute to investor caution.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a research report on Monday, July 20th. Barclays reaffirmed an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. Zacks Research raised shares of Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. TD Cowen restated a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Finally, Rothschild & Co Redburn set a $110.00 target price on shares of Nasdaq in a research report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $110.30.

About Nasdaq

Nasdaq, Inc (NASDAQ:NDAQ) operates financial markets and provides technology, data and analytics services to exchanges, brokers, institutional investors, corporations and other financial institutions. The company is best known for operating the Nasdaq Stock Market, a major U.S. equities exchange and a prominent venue for technology and growth companies.

Nasdaq’s businesses include listings, trading, market data, indexes, clearing and market infrastructure solutions. Through its technology platforms, the company provides exchange operators and financial institutions with systems for trading, surveillance, risk management, regulatory compliance and other market functions.