Hennion & Walsh Asset Management Inc. Acquires 16,099 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Hennion & Walsh Asset Management Inc. increased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 66.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,269 shares of the financial services provider's stock after acquiring an additional 16,099 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Nasdaq were worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in Nasdaq by 12.3% during the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock valued at $104,000 after buying an additional 141 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in shares of Nasdaq by 4.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock valued at $295,000 after acquiring an additional 152 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Nasdaq by 1.0% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,303 shares of the financial services provider's stock valued at $1,260,000 after acquiring an additional 157 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Nasdaq by 4.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 4,103 shares of the financial services provider's stock worth $317,000 after purchasing an additional 164 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Nasdaq by 10.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider's stock worth $159,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

Analysts Set New Price Targets

NDAQ has been the subject of several research analyst reports. Bank of America boosted their price objective on Nasdaq from $103.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Wall Street Zen raised Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price objective on shares of Nasdaq in a research report on Thursday, April 10th. Piper Sandler raised their price objective on shares of Nasdaq from $80.00 to $83.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, Redburn Atlantic upgraded shares of Nasdaq from a "neutral" rating to a "buy" rating and set a $91.00 target price for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.50.

Nasdaq Trading Up 0.2%

Shares of NDAQ traded up $0.13 during trading hours on Thursday, hitting $84.00. 3,385,564 shares of the stock were exchanged, compared to its average volume of 2,947,545. Nasdaq, Inc. has a fifty-two week low of $58.28 and a fifty-two week high of $84.45. The business has a 50-day moving average of $76.84 and a 200-day moving average of $78.39. The firm has a market capitalization of $48.23 billion, a P/E ratio of 43.75, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The business's revenue was up 10.7% on a year-over-year basis. On average, research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Nasdaq's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 1.29%. Nasdaq's payout ratio is 49.09%.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total transaction of $664,240.00. Following the transaction, the insider now directly owns 211,405 shares in the company, valued at $17,552,957.15. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bryan Everard Smith sold 657 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $71.81, for a total transaction of $47,179.17. Following the transaction, the executive vice president now directly owns 61,980 shares in the company, valued at approximately $4,450,783.80. This represents a 1.05% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,616 shares of company stock valued at $1,813,598. Corporate insiders own 0.70% of the company's stock.

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.