OneAscent Wealth Management LLC Takes Position in Nasdaq, Inc. (NASDAQ:NDAQ)

OneAscent Wealth Management LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,217 shares of the financial services provider’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq during the 4th quarter worth approximately $26,000. Founders Capital Management bought a new position in Nasdaq in the fourth quarter worth $27,000. Kestra Investment Management LLC acquired a new stake in Nasdaq during the fourth quarter worth $33,000. Raleigh Capital Management Inc. boosted its stake in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after buying an additional 225 shares in the last quarter. Finally, TCTC Holdings LLC bought a new stake in Nasdaq in the 4th quarter valued at $41,000. 72.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several recent research reports. Raymond James lifted their target price on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Barclays decreased their price objective on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Citigroup raised their target price on Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upgraded Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $98.00 in a research report on Wednesday, January 8th. Finally, UBS Group lifted their price objective on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Nasdaq Trading Down 1.9 %

NDAQ stock opened at $74.91 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a twelve month low of $58.10 and a twelve month high of $84.15. The company has a market cap of $43.08 billion, a P/E ratio of 39.02, a PEG ratio of 2.12 and a beta of 0.96. The business has a fifty day moving average of $79.12 and a 200-day moving average of $77.55.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. As a group, equities research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. Nasdaq’s payout ratio is presently 50.00%.

Insiders Place Their Bets

In related news, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the completion of the sale, the executive vice president now directly owns 59,694 shares of the company’s stock, valued at $4,398,253.92. The trade was a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. Company 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.