OneAscent Wealth Management LLC Makes New $249,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

OneAscent Wealth Management LLC purchased a new position in Nasdaq, Inc. (NASDAQ:NDAQ) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 3,217 shares of the financial services provider’s stock, valued at approximately $249,000.

Several other large investors also recently modified their holdings of NDAQ. Quest Partners LLC bought a new stake in Nasdaq during the 3rd quarter worth approximately $124,000. Kingsview Wealth Management LLC increased its position in shares of Nasdaq by 9.1% during the third quarter. Kingsview Wealth Management LLC now owns 4,466 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 372 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of Nasdaq during the third quarter worth $249,000. D.A. Davidson & CO. raised its holdings in shares of Nasdaq by 4.1% during the third quarter. D.A. Davidson & CO. now owns 14,956 shares of the financial services provider’s stock worth $1,092,000 after acquiring an additional 590 shares during the period. Finally, FMR LLC lifted its position in Nasdaq by 24.4% in 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 in the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $74.91 on Friday. Nasdaq, Inc. has a 12-month low of $58.10 and a 12-month high of $84.15. The firm has a market capitalization of $43.08 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 2.12 and a beta of 0.96. The stock’s 50 day moving average price is $79.12 and its two-hundred day moving average price is $77.55. 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 (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares in the company, valued at $4,398,253.92. The trade was a 20.04 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on NDAQ shares. Deutsche Bank Aktiengesellschaft raised Nasdaq from a “hold” rating to a “buy” rating and lifted their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Citigroup lifted their target price on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Raymond James upped their price target on Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. lifted their price objective on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Oppenheimer raised their target price on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

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.