Donaldson Capital Management LLC Sells 596 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Donaldson Capital Management LLC trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 9.3% during the 1st quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thoma Bravo L.P. bought a new stake in shares of Nasdaq during the fourth quarter valued at approximately $4,166,454,000. Vanguard Group Inc. increased its holdings in Nasdaq by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 45,065,891 shares of the financial services provider’s stock valued at $2,620,131,000 after buying an additional 745,965 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Nasdaq by 214.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,281,617 shares of the financial services provider’s stock valued at $305,224,000 after buying an additional 4,280,846 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Nasdaq by 16.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,787,784 shares of the financial services provider’s stock worth $232,564,000 after acquiring an additional 681,238 shares during the period. Finally, Norges Bank acquired a new stake in shares of Nasdaq during the 4th quarter valued at about $239,347,000. 72.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NDAQ shares. Citigroup boosted their price target on Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. StockNews.com cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday. Oppenheimer lifted their price target on shares of Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. The Goldman Sachs Group raised shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Tuesday, March 26th. Finally, UBS Group boosted their target price on Nasdaq from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.92.

Nasdaq Trading Down 0.3 %

NASDAQ:NDAQ traded down $0.17 on Friday, reaching $60.12. The company’s stock had a trading volume of 4,792,137 shares, 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 business’s 50-day moving average price is $59.93 and its two-hundred day moving average price is $56.46. The firm has a market cap of $34.58 billion, a PE ratio of 31.64, a PEG ratio of 2.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.01 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. Nasdaq’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Equities 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. Investors of record on Friday, June 14th will be given a $0.24 dividend. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, June 14th. Nasdaq’s payout ratio is currently 46.32%.

Insider Buying and Selling

In other Nasdaq 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 owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction 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 Securities & Exchange Commission, which is available at this link. 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 value of $465,534.00. Following the completion of the transaction, the executive vice president now owns 61,672 shares of the company’s stock, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Nasdaq Company 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.