OneAscent Investment Solutions LLC Makes New Investment in Nasdaq, Inc. $NDAQ

OneAscent Investment Solutions LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,282 shares of the financial services provider’s stock, valued at approximately $495,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MV Capital Management Inc. bought a new stake in shares of Nasdaq in the fourth quarter worth about $28,000. Nemes Rush Group LLC bought a new position in Nasdaq during the 4th quarter valued at approximately $35,000. Uniplan Investment Counsel Inc. purchased a new stake in Nasdaq in the 4th quarter worth approximately $35,000. Fideuram Asset Management Ireland dac purchased a new stake in Nasdaq in the 4th quarter worth approximately $37,000. Finally, Reflection Asset Management bought a new stake in shares of Nasdaq in the 4th quarter worth approximately $41,000. 72.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NDAQ has been the topic of several research analyst reports. Barclays reissued an “overweight” rating and set a $111.00 target price (up from $108.00) on shares of Nasdaq in a research note on Friday, July 24th. TD Cowen reaffirmed a “buy” rating and issued a $105.00 price target (up from $101.00) on shares of Nasdaq in a research note on Monday, July 20th. Raymond James Financial reiterated an “outperform” rating and issued a $113.00 price target (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Zacks Research raised shares of Nasdaq from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a report on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $110.30.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley J. Peterson sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the transaction, the executive vice president owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pc Nelson Griggs sold 11,010 shares of Nasdaq stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the transaction, the insider owned 205,001 shares of the company’s stock, valued at $19,751,846.35. The trade was a 5.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,797 shares of company stock valued at $3,926,319 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

Nasdaq Price Performance

NDAQ opened at $98.22 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market cap of $54.90 billion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The stock has a fifty day simple moving average of $89.85 and a two-hundred day simple moving average of $88.04. Nasdaq, Inc. has a 12-month low of $76.55 and a 12-month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. Research analysts predict that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s dividend payout ratio (DPR) is 36.15%.

Nasdaq Company 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.