Donaldson Capital Management LLC Has $366,000 Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Donaldson Capital Management LLC lowered its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 9.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,797 shares of the financial services provider’s stock after selling 596 shares during the quarter. Donaldson Capital Management LLC’s holdings in Nasdaq were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Salem Investment Counselors Inc. lifted its stake in Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 201 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Nasdaq in the fourth quarter valued at approximately $29,000. Loomis Sayles & Co. L P acquired a new stake in shares of Nasdaq in the third quarter valued at approximately $26,000. Carmel Capital Partners LLC bought a new position in shares of Nasdaq during the 3rd quarter worth approximately $32,000. Finally, Allworth Financial LP increased its holdings in shares of Nasdaq by 74.9% during the 4th quarter. Allworth Financial LP now owns 815 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 349 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Down 0.3 %

Shares of NASDAQ:NDAQ traded down $0.17 during trading on Friday, reaching $60.12. 4,792,137 shares of the stock were exchanged, compared to its average volume of 2,934,295. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $64.25. The firm has a market cap of $34.58 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 2.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 1.01. The stock has a fifty day moving average of $59.93 and a two-hundred day moving average of $56.46.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. Research analysts anticipate that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.24 per share. This is an increase from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, June 14th. Nasdaq’s payout ratio is currently 46.32%.

Insiders Place Their Bets

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares in the company, valued at $3,383,809,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now directly owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the sale, the executive vice president now owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on NDAQ. Morgan Stanley raised shares of Nasdaq from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. Rosenblatt Securities lowered their target price on Nasdaq from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday. Edward Jones began coverage on Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating for the company. Keefe, Bruyette & Woods lowered their price objective on Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Oppenheimer boosted their target price on shares of Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.92.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.