Everence Capital Management Inc. Buys 7,520 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Everence Capital Management Inc. raised its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 88.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,010 shares of the financial services provider’s stock after purchasing an additional 7,520 shares during the quarter. Everence Capital Management Inc.’s holdings in Nasdaq were worth $931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of NDAQ. Loomis Sayles & Co. L P purchased a new stake in shares of Nasdaq in the 3rd quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Nasdaq in the 4th quarter worth approximately $29,000. Carmel Capital Partners LLC purchased a new stake in shares of Nasdaq in the 3rd quarter worth approximately $32,000. Harbour Investments Inc. lifted its position in shares of Nasdaq by 250.6% in the 4th quarter. Harbour Investments Inc. now owns 547 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 391 shares during the period. Finally, Clear Street Markets LLC lifted its position in shares of Nasdaq by 93.9% in the 1st quarter. Clear Street Markets LLC now owns 665 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 322 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NDAQ. Citigroup boosted their price objective on shares of Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. UBS Group upped their price target on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Rosenblatt Securities restated a “buy” rating and set a $82.00 price target on shares of Nasdaq in a research note on Thursday, February 1st. The Goldman Sachs Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Tuesday, March 26th. Finally, Oppenheimer upped their price target on shares of Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $67.09.

Insiders Place Their Bets

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares in the company, valued at $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $60.01 on Thursday. Nasdaq, Inc. has a 52 week low of $46.88 and a 52 week high of $64.25. The firm has a 50-day simple moving average of $59.30 and a 200-day simple moving average of $55.93. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $34.52 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 2.73 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. On average, equities analysts predict that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

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

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.