OneAscent Investment Solutions LLC Invests $596,000 in Nasdaq, Inc. $NDAQ

Key Points

• OneAscent Investment Solutions LLC acquired 7,857 shares of Nasdaq, Inc., valued at approximately $596,000, marking a new stake in the financial services provider.
• Nasdaq reported $1.31 billion in revenue for its last quarter, exceeding analyst expectations, and an earnings per share (EPS) of $0.85, which beats the consensus estimate of $0.78.
• The company announced a $0.27 quarterly dividend, translating to an annualized dividend of $1.08 and a dividend yield of 1.1% for shareholders.

OneAscent Investment Solutions LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,857 shares of the financial services provider's stock, valued at approximately $596,000.

Several other hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC lifted its position in Nasdaq by 7.7% in the first quarter. Janney Montgomery Scott LLC now owns 43,161 shares of the financial services provider's stock valued at $3,274,000 after purchasing an additional 3,096 shares during the period. USA Financial Formulas lifted its position in Nasdaq by 61.1% in the first quarter. USA Financial Formulas now owns 17,842 shares of the financial services provider's stock valued at $1,353,000 after purchasing an additional 6,764 shares during the period. Principal Financial Group Inc. lifted its position in Nasdaq by 1.2% in the first quarter. Principal Financial Group Inc. now owns 2,268,620 shares of the financial services provider's stock valued at $172,098,000 after purchasing an additional 27,622 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Nasdaq in the fourth quarter valued at about $48,749,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in Nasdaq in the first quarter valued at about $222,000. Institutional investors and hedge funds own 72.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NDAQ shares. Keefe, Bruyette & Woods raised their price objective on shares of Nasdaq from $103.00 to $104.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a research report on Wednesday, July 9th. Royal Bank Of Canada boosted their price target on Nasdaq from $95.00 to $108.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Raymond James Financial reissued an "outperform" rating and set a $96.00 price target (up previously from $84.00) on shares of Nasdaq in a research note on Wednesday, July 9th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $97.06.

Nasdaq Price Performance

Shares of Nasdaq stock traded down $0.6750 during trading on Tuesday, hitting $93.6650. 700,200 shares of the company were exchanged, compared to its average volume of 3,302,858. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $97.63. The stock has a market capitalization of $53.74 billion, a price-to-earnings ratio of 36.02, a P/E/G ratio of 2.08 and a beta of 1.00. The firm has a 50 day moving average price of $91.00 and a 200 day moving average price of $82.46.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.Nasdaq's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. On average, equities analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 annualized dividend and a yield of 1.2%. Nasdaq's payout ratio is 41.54%.

Insiders Place Their Bets

In other Nasdaq news, insider Pc Nelson Griggs sold 8,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $83.03, for a total value of $664,240.00. Following the completion of the transaction, the insider directly owned 211,405 shares in the company, valued at approximately $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 accessible through this link. Also, SVP Michelle Lynn Daly sold 8,691 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $93.45, for a total value of $812,173.95. Following the completion of the transaction, the senior vice president owned 8,879 shares of the company's stock, valued at $829,742.55. This trade represents a 49.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,409 shares of company stock valued at $2,887,839. Insiders own 0.70% of the company's stock.

Nasdaq Company 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.