Teachers Retirement System of The State of Kentucky reduced its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 10.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 12,300 shares of the financial services provider’s stock after selling 1,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Nasdaq were worth $854,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Nikko Asset Management Americas Inc. boosted its position in shares of Nasdaq by 64.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 8,900 shares of the financial services provider’s stock valued at $618,000 after buying an additional 3,500 shares during the period. Nomura Holdings Inc. boosted its position in shares of Nasdaq by 109.8% in the first quarter. Nomura Holdings Inc. now owns 5,364 shares of the financial services provider’s stock valued at $373,000 after buying an additional 60,176 shares during the period. Ibex Wealth Advisors boosted its position in shares of Nasdaq by 4.0% in the fourth quarter. Ibex Wealth Advisors now owns 21,300 shares of the financial services provider’s stock valued at $1,435,000 after buying an additional 828 shares during the period. Rothschild Asset Management Inc. boosted its position in shares of Nasdaq by 4.3% in the first quarter. Rothschild Asset Management Inc. now owns 9,442 shares of the financial services provider’s stock valued at $656,000 after buying an additional 388 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Nasdaq by 3.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 353,390 shares of the financial services provider’s stock valued at $24,543,000 after buying an additional 10,793 shares during the period. Hedge funds and other institutional investors own 74.67% of the company’s stock.

Nasdaq, Inc. (NASDAQ NDAQ) opened at 72.74 on Friday. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $72.79. The firm’s 50-day moving average price is $70.65 and its 200 day moving average price is $69.51. The firm has a market cap of $12.02 billion, a PE ratio of 84.78 and a beta of 0.76.

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

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were paid a $0.38 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.09%. This is a positive change from Nasdaq’s previous quarterly dividend of $0.32. Nasdaq’s dividend payout ratio (DPR) is presently 183.13%.

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NDAQ has been the topic of several recent research reports. Deutsche Bank AG dropped their price target on Nasdaq from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Zacks Investment Research cut Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Royal Bank Of Canada set a $70.00 price target on Nasdaq and gave the company a “hold” rating in a research report on Friday, April 21st. Jefferies Group LLC restated a “hold” rating and issued a $68.00 price target on shares of Nasdaq in a research report on Monday, April 10th. Finally, Evercore ISI restated an “in-line” rating and issued a $74.00 price target on shares of Nasdaq in a research report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $74.00.

In other Nasdaq 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 document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently 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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