Robeco Institutional Asset Management B.V. increased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 3,606.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 569,103 shares of the financial services provider’s stock after buying an additional 553,747 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.34% of Nasdaq worth $40,685,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Capstone Asset Management Co. boosted its stake in Nasdaq by 1.5% in the first quarter. Capstone Asset Management Co. now owns 11,230 shares of the financial services provider’s stock valued at $780,000 after buying an additional 170 shares in the last quarter. DnB Asset Management AS boosted its stake in Nasdaq by 19.4% in the first quarter. DnB Asset Management AS now owns 12,300 shares of the financial services provider’s stock valued at $854,000 after buying an additional 2,000 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Nasdaq by 2.9% in the first quarter. Retirement Systems of Alabama now owns 55,616 shares of the financial services provider’s stock valued at $3,863,000 after buying an additional 1,589 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Nasdaq by 4.6% in the first quarter. Nationwide Fund Advisors now owns 32,411 shares of the financial services provider’s stock valued at $2,251,000 after buying an additional 1,433 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Nasdaq by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,091 shares of the financial services provider’s stock valued at $201,000 after buying an additional 161 shares in the last quarter. 75.44% of the stock is owned by hedge funds and other institutional investors.

Nasdaq, Inc. (NDAQ) opened at 75.75 on Friday. Nasdaq, Inc. has a 52 week low of $63.30 and a 52 week high of $77.75. The company has a 50 day moving average price of $74.13 and a 200-day moving average price of $70.77. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 57.56 and a beta of 0.76.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.06. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The firm had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts predict that Nasdaq, Inc. will post $4.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, September 14th. Nasdaq’s payout ratio is currently 118.75%.

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

In other news, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lars Wedenborn sold 3,045 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.13, for a total value of $231,815.85. The disclosure for this sale can be found here. Insiders sold 36,844 shares of company stock valued at $2,788,100 over the last ninety days. 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.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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