Everence Capital Management Inc. Has $931,000 Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Everence Capital Management Inc. grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 88.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,010 shares of the financial services provider’s stock after purchasing an additional 7,520 shares during the period. Everence Capital Management Inc.’s holdings in Nasdaq were worth $931,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board increased its holdings in shares of Nasdaq by 48.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 428,643 shares of the financial services provider’s stock valued at $20,828,000 after acquiring an additional 140,286 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in Nasdaq by 10.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 446,910 shares of the financial services provider’s stock valued at $21,715,000 after purchasing an additional 43,910 shares during the period. ING Groep NV boosted its stake in Nasdaq by 6.9% during the 3rd quarter. ING Groep NV now owns 53,838 shares of the financial services provider’s stock valued at $2,616,000 after purchasing an additional 3,455 shares during the period. Braun Stacey Associates Inc. boosted its stake in Nasdaq by 29.5% during the 4th quarter. Braun Stacey Associates Inc. now owns 365,494 shares of the financial services provider’s stock valued at $21,250,000 after purchasing an additional 83,227 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Nasdaq by 1.8% during the 4th quarter. Nordea Investment Management AB now owns 2,326,799 shares of the financial services provider’s stock valued at $135,396,000 after purchasing an additional 40,215 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the subject of several recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $82.00 target price on shares of Nasdaq in a research note on Thursday, February 1st. Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. Oppenheimer raised their price objective on Nasdaq from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, March 26th. Finally, Citigroup raised their price objective on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.09.

Insider Activity

In related news, 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 completion of the sale, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The sale was disclosed in a legal 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 Nasdaq stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares in the company, valued at $3,383,809,610. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of Nasdaq stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the transaction, the executive vice president now owns 61,672 shares in the company, valued at $3,879,785.52. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Nasdaq Price Performance

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

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $0.64 EPS. Nasdaq’s revenue was up 21.4% on a year-over-year basis. On average, sell-side analysts forecast that Nasdaq, Inc. will post 2.75 EPS for the current fiscal year.

Nasdaq Announces Dividend

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