Alpine Woods Capital Investors LLC held its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,500 shares of the financial services provider’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in Nasdaq were worth $250,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NDAQ. Janney Montgomery Scott LLC raised its position in shares of Nasdaq by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 3,603 shares of the financial services provider’s stock worth $250,000 after buying an additional 15 shares during the last quarter. Palo Capital Inc. raised its position in shares of Nasdaq by 0.4% in the second quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock worth $769,000 after buying an additional 45 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Nasdaq by 0.4% in the second quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock worth $876,000 after buying an additional 50 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock worth $164,000 after buying an additional 77 shares during the last quarter. Finally, Profund Advisors LLC raised its position in shares of Nasdaq by 2.5% in the first quarter. Profund Advisors LLC now owns 3,775 shares of the financial services provider’s stock worth $262,000 after buying an additional 91 shares during the last quarter. 75.44% of the stock is currently owned by institutional investors.

Shares of Nasdaq, Inc. (NDAQ) opened at 74.91 on Friday. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 56.92 and a beta of 0.76. The company has a 50-day moving average price of $73.62 and a 200-day moving average price of $70.58.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The firm had revenue of $602 million during the quarter, compared to analysts’ expectations of $596.55 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that Nasdaq, Inc. will post $4.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.

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A number of brokerages have recently weighed in on NDAQ. UBS AG reaffirmed a “buy” rating and set a $81.00 target price (down from $85.00) on shares of Nasdaq in a research report on Friday, April 28th. BidaskClub lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Citigroup Inc. began coverage on Nasdaq in a research report on Wednesday, July 12th. They set a “neutral” rating and a $72.00 target price on the stock. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $77.00 target price (down from $79.00) on shares of Nasdaq in a research report on Monday, May 15th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.30.

In related news, insider Bjorn Sibbern sold 3,000 shares of Nasdaq stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $76.17, for a total value of $228,510.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward S. Knight sold 14,629 shares of Nasdaq stock in a transaction on Monday, August 14th. The stock was sold at an average price of $76.74, for a total value of $1,122,629.46. The disclosure for this sale can be found here. Insiders sold 32,629 shares of company stock valued at $2,466,989 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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