OneAscent Investment Solutions LLC Invests $495,000 in Nasdaq, Inc. $NDAQ

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

Several other institutional investors also recently bought and sold shares of the company. MV Capital Management Inc. bought a new stake in Nasdaq during the 4th quarter valued at about $28,000. Nemes Rush Group LLC bought a new position in shares of Nasdaq in the fourth quarter worth approximately $35,000. Uniplan Investment Counsel Inc. bought a new position in shares of Nasdaq in the fourth quarter worth approximately $35,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Nasdaq during the fourth quarter valued at approximately $37,000. Finally, Signature Equity Partners LLC grew its holdings in shares of Nasdaq by 60.3% during the first quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider’s stock valued at $40,000 after buying an additional 178 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nasdaq

In other news, major shareholder Ab Investor acquired 56,782 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the completion of the acquisition, the insider directly owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bradley J. Peterson sold 13,000 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the sale, 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 position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 41,797 shares of company stock worth $3,926,319. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Loop Capital set a $113.00 price objective on shares of Nasdaq in a report on Friday, April 24th. Raymond James Financial reiterated an “outperform” rating and set a $113.00 target price (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. Wall Street Zen raised Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Zacks Research upgraded Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, TD Cowen restated 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. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $110.30.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $98.22 on Friday. The firm’s 50-day moving average price is $89.85 and its 200-day moving average price is $88.04. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79. The company has a market cap of $54.90 billion, a PE ratio of 28.64, a PEG ratio of 1.31 and a beta of 0.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.09. The firm had revenue of $2.53 billion during 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 firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. As a group, analysts anticipate that Nasdaq, Inc. will post 4.15 EPS for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. Nasdaq’s payout ratio is currently 36.15%.

About Nasdaq

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.