Seven Eight Capital LP raised its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,900 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the period. Seven Eight Capital LP’s holdings in Nasdaq were worth $1,780,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its position in Nasdaq by 1.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,395,293 shares of the financial services provider’s stock valued at $1,069,202,000 after purchasing an additional 146,050 shares during the last quarter. Vanguard Group Inc. raised its position in Nasdaq by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 11,262,495 shares of the financial services provider’s stock valued at $782,180,000 after purchasing an additional 416,910 shares during the last quarter. BlackRock Inc. raised its position in Nasdaq by 3,831.1% during the 1st quarter. BlackRock Inc. now owns 9,546,334 shares of the financial services provider’s stock valued at $662,992,000 after purchasing an additional 9,303,493 shares during the last quarter. State Street Corp raised its position in Nasdaq by 0.4% during the 1st quarter. State Street Corp now owns 5,296,709 shares of the financial services provider’s stock valued at $367,865,000 after purchasing an additional 20,813 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Nasdaq by 13.1% during the 1st quarter. Clearbridge Investments LLC now owns 3,094,734 shares of the financial services provider’s stock valued at $214,929,000 after purchasing an additional 358,414 shares during the last quarter. 74.31% of the stock is owned by institutional investors and hedge funds.

Nasdaq, Inc. (NDAQ) opened at 74.41 on Thursday. The firm’s 50 day moving average price is $75.16 and its 200-day moving average price is $71.10. The stock has a market cap of $12.41 billion, a P/E ratio of 56.54 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 announced its quarterly earnings data 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. The business had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a net margin of 5.76% and a return on equity of 12.19%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. Equities research analysts anticipate that Nasdaq, Inc. will post $4.17 earnings per share for the current fiscal year.

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

In other news, insider Ann M. Dennison sold 1,170 shares of Nasdaq 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward S. Knight sold 15,000 shares of Nasdaq stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $74.39, for a total transaction of $1,115,850.00. Following the sale, the insider now directly owns 78,063 shares of the company’s stock, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. In the last three months, insiders sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is owned by insiders.

A number of research firms have commented on NDAQ. Royal Bank Of Canada reaffirmed a “hold” rating and set a $76.00 price target on shares of Nasdaq in a research report on Monday. Barclays PLC began coverage on Nasdaq in a research report on Friday, September 8th. They set an “overweight” rating and a $85.00 price target for the company. BidaskClub lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $71.00 price target (up previously from $68.00) on shares of Nasdaq in a research report on Monday, July 17th. Finally, UBS AG reaffirmed a “buy” rating and set a $85.00 price target (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $76.10.

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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.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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