Hennion & Walsh Asset Management Inc. Purchases 10,187 Shares of Nasdaq, Inc. $NDAQ

Hennion & Walsh Asset Management Inc. lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 67,426 shares of the financial services provider’s stock after acquiring an additional 10,187 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Nasdaq were worth $5,964,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC lifted its holdings in Nasdaq by 72.7% during the second quarter. Bruce G. Allen Investments LLC now owns 285 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. Front Row Advisors LLC purchased a new position in shares of Nasdaq in the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Nasdaq in the second quarter valued at approximately $27,000. Tripletail Wealth Management LLC purchased a new stake in shares of Nasdaq during the 3rd quarter valued at approximately $27,000. Finally, Access Investment Management LLC purchased a new stake in shares of Nasdaq during the 2nd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a research note on Thursday, October 9th. Cowen reaffirmed a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $100.00 price target (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Barclays reissued an “overweight” rating and set a $114.00 price objective (up previously from $109.00) on shares of Nasdaq in a report on Friday, December 12th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a research note on Tuesday, October 14th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and a consensus target price of $101.40.

Nasdaq Price Performance

Nasdaq stock opened at $98.45 on Tuesday. The stock has a market cap of $56.21 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 1.56 and a beta of 1.01. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72. The business has a 50-day simple moving average of $90.99 and a 200 day simple moving average of $91.30. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $99.59.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.74 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a dividend of $0.27 per share. The ex-dividend date was Friday, December 5th. This represents a $1.08 annualized dividend and a yield of 1.1%. Nasdaq’s payout ratio is presently 38.57%.

Insider Buying and Selling

In other news, EVP Jeremy Skule sold 2,105 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the transaction, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. This represents a 2.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.