Penobscot Investment Management Company Inc. boosted its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,425 shares of the financial services provider’s stock after buying an additional 150 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Nasdaq were worth $388,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in shares of Nasdaq by 7.3% in the fourth quarter. Teachers Advisors LLC now owns 172,949 shares of the financial services provider’s stock worth $11,608,000 after buying an additional 11,768 shares during the last quarter. Creative Planning raised its stake in shares of Nasdaq by 10.5% in the first quarter. Creative Planning now owns 8,631 shares of the financial services provider’s stock worth $599,000 after buying an additional 818 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Nasdaq by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 35,901 shares of the financial services provider’s stock worth $2,493,000 after buying an additional 500 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Nasdaq by 1.5% in the first quarter. Capstone Asset Management Co. now owns 11,230 shares of the financial services provider’s stock worth $780,000 after buying an additional 170 shares during the last quarter. Finally, DnB Asset Management AS raised its stake in shares of Nasdaq by 19.4% in the first quarter. DnB Asset Management AS now owns 12,300 shares of the financial services provider’s stock worth $854,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 75.44% of the company’s stock.

Shares of Nasdaq, Inc. (NASDAQ NDAQ) opened at 74.91 on Friday. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 56.92 and a beta of 0.76. Nasdaq, Inc. has a 12-month low of $63.30 and a 12-month high of $77.75. The stock has a 50 day moving average of $73.62 and a 200 day moving average of $70.58.

Nasdaq (NASDAQ:NDAQ) last issued 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. The business had revenue of $602 million for 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. Analysts forecast that Nasdaq, Inc. will post $4.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. Nasdaq’s dividend payout ratio is presently 118.75%.

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A number of brokerages recently weighed in on NDAQ. Keefe, Bruyette & Woods set a $76.00 price objective on shares of Nasdaq and gave the company a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $76.00 price objective (up previously from $74.00) on shares of Nasdaq in a report on Thursday, July 27th. UBS AG reiterated a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Nasdaq in a report on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $75.30.

In other news, insider Bjorn Sibbern sold 3,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $76.17, for a total transaction of $228,510.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edward S. Knight sold 15,000 shares of the stock in a transaction dated Friday, July 28th. The stock was 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 in the company, valued at approximately $5,807,106.57. The disclosure for this sale can be found here. Insiders have sold 32,629 shares of company stock worth $2,466,989 in the last three months. Corporate insiders own 1.60% of the company’s stock.

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.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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