OneAscent Financial Services LLC Makes New $318,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

OneAscent Financial Services LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,113 shares of the financial services provider's stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NDAQ. FMR LLC raised its holdings in Nasdaq by 24.4% during the 3rd quarter. FMR LLC now owns 977,949 shares of the financial services provider's stock valued at $71,400,000 after acquiring an additional 191,705 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Nasdaq during the 3rd quarter valued at $557,000. Janus Henderson Group PLC lifted its holdings in Nasdaq by 8.9% during the 3rd quarter. Janus Henderson Group PLC now owns 58,929 shares of the financial services provider's stock worth $4,302,000 after purchasing an additional 4,800 shares in the last quarter. Investment Management Corp of Ontario boosted its stake in Nasdaq by 60.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 14,335 shares of the financial services provider's stock worth $1,047,000 after purchasing an additional 5,400 shares during the period. Finally, Royal London Asset Management Ltd. grew its holdings in Nasdaq by 11.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 153,860 shares of the financial services provider's stock valued at $11,233,000 after buying an additional 15,187 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Nasdaq Trading Up 8.4 %

NDAQ stock traded up $5.59 during trading on Wednesday, hitting $71.99. 8,491,061 shares of the company traded hands, compared to its average volume of 2,828,440. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The company has a 50-day moving average of $77.24 and a 200-day moving average of $77.45. The firm has a market capitalization of $41.40 billion, a PE ratio of 37.49, a P/E/G ratio of 2.12 and a beta of 1.02. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. Nasdaq's dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NDAQ. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 price target on shares of Nasdaq in a report on Thursday, January 30th. Barclays lowered their target price on shares of Nasdaq from $95.00 to $87.00 and set an "overweight" rating on the stock in a research note on Monday. StockNews.com cut shares of Nasdaq from a "hold" rating to a "sell" rating in a report on Wednesday. Piper Sandler lifted their price objective on Nasdaq from $80.00 to $83.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods upped their target price on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.88.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Sarah Youngwood sold 14,959 shares of the firm's 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 transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company's stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,116 shares of company stock worth $1,434,818 in the last 90 days. Company insiders own 0.70% of the company's stock.

Nasdaq Profile

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.