Wellington Management Group LLP continued to hold its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the first quarter, Holdings Channel reports. The institutional investor owned 890,982 shares of the financial services provider’s stock at the end of the first quarter. Wellington Management Group LLP owned about 0.54% of Nasdaq worth $61,879,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the stock. Caldera Capital LLC purchased a new position in shares of Nasdaq during the fourth quarter valued at about $2,177,000. Norges Bank purchased a new position in shares of Nasdaq during the fourth quarter valued at about $99,066,000. 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. 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. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Nasdaq by 1.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 181,232 shares of the financial services provider’s stock valued at $12,164,000 after buying an additional 3,164 shares during the period. Institutional investors own 74.92% of the company’s stock.

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

Nasdaq, Inc. (NASDAQ NDAQ) traded up 0.30% during trading on Friday, hitting $71.16. The stock had a trading volume of 1,309,276 shares. Nasdaq, Inc. has a 12-month low of $61.19 and a 12-month high of $72.52. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 82.94 and a beta of 0.76. The stock has a 50 day moving average price of $68.34 and a 200 day moving average price of $68.83.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.05. The company had revenue of $583 million for the quarter, compared to analysts’ expectations of $593.46 million. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. Nasdaq’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. Equities research analysts forecast that Nasdaq, Inc. will post $4.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from Nasdaq’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, June 14th. Nasdaq’s dividend payout ratio is presently 183.13%.

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Several equities research analysts have recently weighed in on the company. Deutsche Bank AG reduced their price objective on Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, April 28th. Zacks Investment Research lowered Nasdaq from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Royal Bank Of Canada set a $70.00 price objective on Nasdaq and gave the stock a “hold” rating in a research note on Friday, April 21st. Evercore ISI reissued an “in-line” rating and set a $74.00 price objective on shares of Nasdaq in a research note on Friday, April 28th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $68.00 price objective on shares of Nasdaq in a research note on Monday, April 10th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $73.11.

In other news, Director Lars Wedenborn sold 10,000 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate 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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