Norinchukin Bank The lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,501 shares of the financial services provider’s stock after acquiring an additional 457 shares during the quarter. Norinchukin Bank The’s holdings in Nasdaq were worth $322,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TIAA CREF Investment Management LLC increased its position in shares of Nasdaq by 1.5% during the second quarter. TIAA CREF Investment Management LLC now owns 404,761 shares of the financial services provider’s stock worth $28,936,000 after acquiring an additional 5,861 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Nasdaq by 3.6% during the second quarter. Teachers Advisors LLC now owns 186,001 shares of the financial services provider’s stock worth $13,297,000 after acquiring an additional 6,504 shares during the last quarter. Seven Eight Capital LP increased its position in shares of Nasdaq by 4.2% during the second quarter. Seven Eight Capital LP now owns 24,900 shares of the financial services provider’s stock worth $1,780,000 after acquiring an additional 1,000 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Nasdaq by 31.6% during the second quarter. Raymond James Trust N.A. now owns 4,638 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 1,114 shares during the last quarter. Finally, Stephens Inc. AR increased its position in shares of Nasdaq by 10.4% during the second quarter. Stephens Inc. AR now owns 6,244 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 590 shares during the last quarter. 74.37% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on NDAQ shares. Keefe, Bruyette & Woods set a $76.00 target price on Nasdaq and gave the stock a “hold” rating in a research report on Thursday, August 17th. Barclays PLC started coverage on Nasdaq in a report on Friday, September 8th. They issued an “overweight” rating and a $85.00 price objective for the company. BidaskClub lowered Nasdaq from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Citigroup Inc. started coverage on Nasdaq in a report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 price objective for the company. Finally, Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Nasdaq presently has a consensus rating of “Hold” and an average price target of $76.10.

In related news, insider Edward S. Knight sold 15,000 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $74.39, for a total value of $1,115,850.00. Following the completion of the transaction, the insider now owns 78,063 shares of the company’s stock, valued at $5,807,106.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total transaction of $89,294.40. The disclosure for this sale can be found here. Insiders sold 36,844 shares of company stock valued at $2,788,100 in the last three months. Company insiders own 1.60% of the company’s stock.

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Nasdaq, Inc. (NDAQ) opened at 76.10 on Friday. The firm has a 50-day moving average price of $75.31 and a 200-day moving average price of $71.24. The firm has a market capitalization of $12.69 billion, a P/E ratio of 57.83 and a beta of 0.77. Nasdaq, Inc. has a 52 week low of $63.30 and a 52 week high of $77.75.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.06. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm had revenue of $602.00 million during the quarter, compared to analyst estimates of $596.55 million. During the same quarter in the prior year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that Nasdaq, Inc. will post $4.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio (DPR) is presently 118.75%.

About Nasdaq

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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