OneAscent Financial Services LLC Purchases 3,627 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

OneAscent Financial Services LLC boosted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 88.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,740 shares of the financial services provider's stock after acquiring an additional 3,627 shares during the quarter. OneAscent Financial Services LLC's holdings in Nasdaq were worth $588,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Grove Bank & Trust increased its stake in Nasdaq by 194.6% during the first quarter. Grove Bank & Trust now owns 327 shares of the financial services provider's stock worth $25,000 after acquiring an additional 216 shares during the last quarter. Highline Wealth Partners LLC lifted its stake in shares of Nasdaq by 1,509.5% during the 1st quarter. Highline Wealth Partners LLC now owns 338 shares of the financial services provider's stock worth $26,000 after purchasing an additional 317 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Nasdaq in the 1st quarter valued at $26,000. First Command Advisory Services Inc. bought a new position in Nasdaq in the first quarter worth about $30,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Nasdaq during the fourth quarter worth approximately $37,000. 72.47% of the stock is owned by institutional investors.

Insider Transactions at Nasdaq

In other news, insider Pc Nelson Griggs sold 8,000 shares of Nasdaq stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $83.03, for a total value of $664,240.00. Following the transaction, the insider directly owned 211,405 shares of the company's stock, valued at $17,552,957.15. The trade was a 3.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeremy Skule sold 2,105 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $89.17, for a total transaction of $187,702.85. Following the transaction, the executive vice president directly owned 94,656 shares of the company's stock, valued at approximately $8,440,475.52. This represents a 2.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,613 shares of company stock worth $1,874,659. Company insiders own 0.70% of the company's stock.

Nasdaq Price Performance

NDAQ opened at $89.24 on Tuesday. The firm has a 50-day moving average of $85.91 and a 200 day moving average of $80.16. The firm has a market cap of $51.23 billion, a P/E ratio of 29.99, a PEG ratio of 2.15 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. Nasdaq, Inc. has a fifty-two week low of $62.43 and a fifty-two week high of $90.84.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. Nasdaq had a return on equity of 15.38% and a net margin of 16.36%. The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. On average, research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.21%. This is a boost from Nasdaq's previous quarterly dividend of $0.24. The ex-dividend date was Friday, June 13th. Nasdaq's dividend payout ratio (DPR) is 49.09%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NDAQ shares. Morgan Stanley increased their price objective on shares of Nasdaq from $75.00 to $86.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Citigroup reaffirmed a "neutral" rating on shares of Nasdaq in a research note on Wednesday, July 9th. Wall Street Zen upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Keefe, Bruyette & Woods upped their price target on shares of Nasdaq from $87.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, Piper Sandler restated an "overweight" rating and set a $97.00 target price (up previously from $83.00) on shares of Nasdaq in a research note on Tuesday, July 15th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Nasdaq currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.63.

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.

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