State of Alaska Department of Revenue reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 18.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,145 shares of the financial services provider’s stock after selling 1,790 shares during the period. State of Alaska Department of Revenue’s holdings in Nasdaq were worth $582,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of NDAQ. Tompkins Financial Corp acquired a new stake in Nasdaq during the first quarter valued at approximately $143,000. Pacer Advisors Inc. raised its stake in Nasdaq by 3.4% in the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Nasdaq during the first quarter valued at approximately $189,000. Ameritas Investment Partners Inc. acquired a new stake in Nasdaq during the first quarter valued at approximately $190,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in Nasdaq during the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 74.67% of the company’s stock.

Nasdaq, Inc. (NDAQ) opened at 72.02 on Friday. The stock has a 50 day moving average of $70.65 and a 200-day moving average of $69.51. Nasdaq, Inc. has a 12 month low of $63.30 and a 12 month high of $72.52. The stock has a market cap of $11.90 billion, a P/E ratio of 83.94 and a beta of 0.76.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.05. The firm had revenue of $583 million for the quarter, compared to analysts’ expectations of $593.46 million. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. On average, equities analysts forecast that Nasdaq, Inc. will post $4.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were issued a $0.38 dividend. This is a boost from Nasdaq’s previous quarterly dividend of $0.32. The ex-dividend date was Wednesday, June 14th. This represents a $1.52 annualized dividend and a yield of 2.11%. Nasdaq’s dividend payout ratio (DPR) is 183.13%.

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Several equities research analysts have recently commented on the stock. UBS AG restated a “buy” rating and issued a $81.00 price target (down previously from $85.00) on shares of Nasdaq in a report on Friday, April 28th. BidaskClub lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Jefferies Group LLC restated a “hold” rating and issued a $71.00 price target (up previously from $68.00) on shares of Nasdaq in a report on Monday. Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Monday. Finally, Citigroup Inc. assumed coverage on shares of Nasdaq in a report on Wednesday, July 12th. They issued a “neutral” rating and a $72.00 price target for the company. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $74.00.

In related news, Director Lars Wedenborn sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $68.38, for a total value of $683,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

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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