Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 68 Shares of Nasdaq, Inc. (NDAQ)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,467 shares of the financial services provider’s stock after selling 68 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Nasdaq were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in shares of 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 acquiring an additional 146,050 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 416,910 shares during the last quarter. BlackRock Inc. boosted its position in shares of 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 acquiring an additional 9,303,493 shares during the last quarter. State Street Corp boosted its position in shares of 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 acquiring an additional 20,813 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of 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 acquiring an additional 358,414 shares during the last quarter. 74.37% of the stock is currently owned by hedge funds and other institutional investors.

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NDAQ has been the topic of several recent research reports. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Barclays PLC initiated coverage on shares of Nasdaq in a research report on Friday, September 8th. They set an “overweight” rating and a $85.00 price target on the stock. Royal Bank Of Canada set a $74.00 price target on shares of Nasdaq and gave the company a “hold” rating in a research report on Monday, July 17th. Jefferies Group LLC reissued 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, Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $76.10.

In other news, insider Ann M. Dennison sold 1,170 shares of Nasdaq stock in a transaction dated 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 SEC, which is available through this link. Also, Director Lars Wedenborn sold 3,045 shares of Nasdaq stock in a transaction dated Friday, August 18th. The shares were 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. Over the last three months, insiders sold 36,844 shares of company stock worth $2,788,100. 1.60% of the stock is owned by corporate insiders.

Nasdaq, Inc. (NDAQ) opened at 75.09 on Tuesday. The firm has a 50-day moving average of $75.26 and a 200-day moving average of $71.20. Nasdaq, Inc. has a 52-week low of $63.30 and a 52-week high of $77.75. The firm has a market cap of $12.52 billion, a PE ratio of 57.06 and a beta of 0.77.

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 analysts’ consensus estimates 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 $602.00 million for the quarter, compared to analyst estimates of $596.55 million. During the same period last year, the company earned $0.91 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that Nasdaq, Inc. will post $4.17 EPS for the current year.

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, September 14th. Nasdaq’s payout ratio is 118.75%.

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.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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