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

Hennion & Walsh Asset Management Inc. trimmed its position in shares of Nasdaq, Inc. (NASDAQ:NDAQFree Report) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,775 shares of the financial services provider’s stock after selling 346 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Nasdaq were worth $680,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NDAQ. Salem Investment Counselors Inc. lifted its holdings in Nasdaq by 89.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after buying an additional 201 shares in the last quarter. Bollard Group LLC raised its stake in shares of Nasdaq by 0.4% in the fourth quarter. Bollard Group LLC now owns 71,273 shares of the financial services provider’s stock valued at $4,144,000 after acquiring an additional 274 shares in the last quarter. Ridgewood Investments LLC grew its stake in Nasdaq by 1.1% during the 1st quarter. Ridgewood Investments LLC now owns 26,134 shares of the financial services provider’s stock worth $1,649,000 after purchasing an additional 274 shares in the last quarter. State of Michigan Retirement System grew its stake in Nasdaq by 0.3% during the 4th quarter. State of Michigan Retirement System now owns 93,190 shares of the financial services provider’s stock worth $5,418,000 after purchasing an additional 300 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Nasdaq by 1.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,178 shares of the financial services provider’s stock worth $1,697,000 after purchasing an additional 311 shares during the period. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Stock Up 0.8 %

Shares of NASDAQ NDAQ opened at $59.96 on Wednesday. The business has a 50-day moving average price of $60.24 and a 200 day moving average price of $59.07. The stock has a market cap of $34.49 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25.

Nasdaq (NASDAQ:NDAQGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. Nasdaq’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. Equities research analysts forecast that Nasdaq, Inc. will post 2.68 earnings per share for the current year.

Nasdaq Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, June 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. Nasdaq’s dividend payout ratio is currently 50.53%.

Insiders Place Their Bets

In other news, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.89, for a total transaction of $181,826.04. Following the completion of the sale, the executive vice president now owns 58,636 shares in the company, valued at $3,511,710.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on NDAQ. StockNews.com downgraded Nasdaq from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Argus raised their price objective on shares of Nasdaq from $64.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Keefe, Bruyette & Woods lowered their target price on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Rosenblatt Securities lowered Nasdaq from a “buy” rating to a “neutral” rating and dropped their target price for the company from $76.00 to $64.00 in a report on Wednesday, May 8th. Finally, Morgan Stanley raised Nasdaq from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $59.00 to $80.00 in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Read Our Latest Analysis on NDAQ

Nasdaq Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NDAQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nasdaq, Inc. (NASDAQ:NDAQFree Report).

Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.