Donaldson Capital Management LLC Cuts Stock Position in Nasdaq, Inc. (NASDAQ:NDAQ)

Donaldson Capital Management LLC lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 28.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,393 shares of the financial services provider’s stock after selling 2,578 shares during the period. Donaldson Capital Management LLC’s holdings in Nasdaq were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NDAQ. Cresset Asset Management LLC lifted its holdings in shares of Nasdaq by 4.5% during the 1st quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock valued at $306,000 after buying an additional 74 shares during the period. Horizon Investments LLC lifted its holdings in shares of Nasdaq by 8.3% during the 1st quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock valued at $200,000 after buying an additional 86 shares during the period. Brinker Capital Investments LLC lifted its holdings in shares of Nasdaq by 0.4% during the 1st quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock valued at $5,247,000 after buying an additional 106 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Nasdaq by 1.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,142 shares of the financial services provider’s stock valued at $1,273,000 after buying an additional 120 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Nasdaq by 10.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,360 shares of the financial services provider’s stock valued at $207,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

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

Nasdaq Trading Down 0.3 %

Shares of NASDAQ:NDAQ traded down $0.18 during trading on Tuesday, reaching $60.01. The company’s stock had a trading volume of 384,889 shares, compared to its average volume of 3,109,455. The stock has a market capitalization of $34.52 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 2.80 and a beta of 0.93. The firm’s 50 day simple moving average is $59.17 and its two-hundred day simple moving average is $55.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company posted $0.64 earnings per share. Nasdaq’s revenue was up 21.4% compared to the same quarter last year. On average, research analysts predict that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, March 13th. Nasdaq’s dividend payout ratio is currently 41.71%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays assumed coverage on Nasdaq in a research note on Thursday, April 11th. They issued an “overweight” rating and a $76.00 price objective for the company. Edward Jones assumed coverage on Nasdaq in a research note on Wednesday, April 3rd. They issued a “buy” rating for the company. StockNews.com upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Tuesday, March 26th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $82.00 price target on shares of Nasdaq in a research note on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.09.

Nasdaq Profile

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.