Alliancebernstein L.P. cut its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,979 shares of the financial services provider’s stock after selling 5,498 shares during the period. Alliancebernstein L.P. owned about 0.12% of Nasdaq worth $14,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of Nasdaq by 13.5% in the second quarter. Wells Fargo & Company MN now owns 443,240 shares of the financial services provider’s stock worth $31,689,000 after purchasing an additional 52,615 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Nasdaq by 21.9% in the second quarter. TimesSquare Capital Management LLC now owns 1,203,500 shares of the financial services provider’s stock worth $86,038,000 after purchasing an additional 216,100 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Nasdaq by 4.8% in the second quarter. Commonwealth Bank of Australia now owns 13,226 shares of the financial services provider’s stock worth $945,000 after purchasing an additional 600 shares during the last quarter. Tredje AP fonden grew its holdings in shares of Nasdaq by 63.4% in the second quarter. Tredje AP fonden now owns 26,830 shares of the financial services provider’s stock worth $1,928,000 after purchasing an additional 10,414 shares during the last quarter. Finally, Polaris Greystone Financial Group LLC grew its holdings in shares of Nasdaq by 2.0% in the second quarter. Polaris Greystone Financial Group LLC now owns 269,766 shares of the financial services provider’s stock worth $19,286,000 after purchasing an additional 5,161 shares during the last quarter. Hedge funds and other institutional investors own 74.37% of the company’s stock.

Shares of Nasdaq, Inc. (NASDAQ:NDAQ) opened at 76.42 on Friday. The firm’s 50 day moving average is $75.31 and its 200 day moving average is $71.24. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 58.07 and a beta of 0.77. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.06. The company had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. Nasdaq’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. Equities analysts expect that Nasdaq, Inc. will post $4.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, September 14th. Nasdaq’s dividend payout ratio is currently 118.75%.

In other Nasdaq news, Director Lars Wedenborn sold 3,045 shares of Nasdaq stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $76.13, for a total value of $231,815.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward S. Knight sold 14,629 shares of Nasdaq stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $76.74, for a total value of $1,122,629.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,844 shares of company stock valued at $2,788,100. 1.60% of the stock is currently owned by corporate insiders.

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NDAQ has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a report on Friday, August 4th. UBS AG reaffirmed a “buy” rating and issued a $85.00 price objective (up from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 price objective on shares of Nasdaq in a research note on Tuesday, June 13th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $71.00 price objective (up from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $76.10.

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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