Hunter Associates Investment Management LLC held its stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,000 shares of the financial services provider’s stock at the close of the 2nd quarter. Hunter Associates Investment Management LLC’s holdings in Nasdaq were worth $357,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in Nasdaq by 3.4% during 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 in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Nasdaq during the first quarter worth approximately $190,000. MML Investors Services LLC bought a new stake in Nasdaq during the second quarter worth approximately $201,000. IFP Advisors Inc boosted its holdings in Nasdaq by 9.4% during the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock worth $203,000 after buying an additional 243 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in Nasdaq during the first quarter worth approximately $204,000. Hedge funds and other institutional investors own 74.37% of the company’s stock.

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Shares of Nasdaq, Inc. (NDAQ) traded up 0.42% during midday trading on Friday, hitting $76.42. 473,753 shares of the company traded hands. The stock’s 50-day moving average is $75.31 and its 200 day moving average is $71.24. The stock has a market capitalization of $12.75 billion, a P/E ratio of 58.07 and a beta of 0.77. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $77.75.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. The firm had revenue of $602.00 million during the quarter, compared to analysts’ expectations of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. On average, analysts expect that Nasdaq, Inc. will post $4.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.

In related news, insider Ann M. Dennison sold 1,170 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lars Wedenborn sold 3,045 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,844 shares of company stock valued at $2,788,100. Corporate insiders own 1.60% of the company’s stock.

A number of brokerages recently weighed in on NDAQ. Royal Bank Of Canada restated a “hold” rating and set a $76.00 target price on shares of Nasdaq in a report on Monday, September 11th. Barclays PLC began coverage on shares of Nasdaq in a report on Friday, September 8th. They set an “overweight” rating and a $85.00 target price for the company. Keefe, Bruyette & Woods set a $76.00 target price on shares of Nasdaq and gave the stock a “hold” rating in a report on Thursday, August 17th. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Finally, UBS AG restated a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $76.10.

Nasdaq 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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