Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 325.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,170 shares of the financial services provider's stock after purchasing an additional 18,490 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Nasdaq were worth $1,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Founders Capital Management purchased a new position in Nasdaq during the fourth quarter valued at $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Nasdaq during the 3rd quarter valued at approximately $27,000. Claro Advisors LLC purchased a new stake in Nasdaq in the 3rd quarter worth approximately $33,000. Focused Wealth Management Inc purchased a new stake in Nasdaq in the 3rd quarter worth approximately $35,000. Finally, Peterson Financial Group Inc. purchased a new position in Nasdaq during the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 72.47% of the company's stock.

Insiders Place Their Bets

In related news, insider Pc Nelson Griggs sold 6,000 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total transaction of $454,260.00. Following the completion of the sale, the insider now directly owns 215,563 shares in the company, valued at $16,320,274.73. This represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Bradley J. Peterson sold 13,642 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the sale, the executive vice president now directly owns 142,830 shares in the company, valued at approximately $10,757,955.60. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,459 shares of company stock worth $3,811,808 in the last three months. Corporate insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NDAQ. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research note on Thursday, January 9th. Argus raised their price target on Nasdaq from $76.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods boosted their price objective on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Barclays cut their target price on Nasdaq from $97.00 to $96.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Finally, The Goldman Sachs Group boosted their price target on Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Nasdaq presently has an average rating of "Moderate Buy" and an average target price of $85.73.

Nasdaq Trading Up 0.6 %

Shares of NASDAQ:NDAQ traded up $0.44 during trading on Friday, reaching $78.83. 2,714,641 shares of the company were exchanged, compared to its average volume of 2,235,793. The business's fifty day simple moving average is $79.29 and its 200-day simple moving average is $73.41. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. Nasdaq, Inc. has a 12-month low of $54.90 and a 12-month high of $83.77. The firm has a market capitalization of $45.31 billion, a PE ratio of 47.20, a P/E/G ratio of 2.59 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted $0.71 EPS. Nasdaq's quarterly revenue was up 21.9% on a year-over-year basis. On average, research analysts anticipate that Nasdaq, Inc. will post 2.8 EPS for the current year.

Nasdaq Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, December 6th. Nasdaq's dividend payout ratio (DPR) is presently 57.49%.

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.