Nasdaq Sees Unusually High Options Volume (NDAQ)
Nasdaq Inc (NASDAQ:NDAQ) saw unusually large options trading on Friday. Investors bought 2,810 put options on the company. This is an increase of 1,773% compared to the average volume of 150 put options.
In related news, insider Pc Nelson Griggs sold 1,396 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $74.72, for a total value of $104,309.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Nasdaq by 1.8% during the second quarter. Vanguard Group Inc. now owns 11,470,748 shares of the financial services provider’s stock valued at $820,043,000 after purchasing an additional 208,253 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Nasdaq by 2.9% during the third quarter. Bessemer Group Inc. now owns 2,400,450 shares of the financial services provider’s stock valued at $186,204,000 after purchasing an additional 67,975 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Nasdaq by 7.4% during the third quarter. JPMorgan Chase & Co. now owns 2,210,659 shares of the financial services provider’s stock valued at $171,614,000 after purchasing an additional 151,864 shares in the last quarter. BT Investment Management Ltd purchased a new position in shares of Nasdaq during the second quarter valued at about $97,982,000. Finally, Frontier Capital Management Co. LLC grew its position in shares of Nasdaq by 1.3% during the third quarter. Frontier Capital Management Co. LLC now owns 1,249,927 shares of the financial services provider’s stock valued at $96,957,000 after purchasing an additional 16,264 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.
Shares of Nasdaq (NASDAQ NDAQ) opened at $77.51 on Monday. Nasdaq has a 12 month low of $65.98 and a 12 month high of $80.14. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $12,884.18, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. The firm had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. Nasdaq had a return on equity of 12.69% and a net margin of 6.72%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. equities analysts expect that Nasdaq will post 4.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.96%. Nasdaq’s payout ratio is 100.00%.
A number of equities research analysts have issued reports on the company. ValuEngine upgraded Nasdaq from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Barclays cut their price target on Nasdaq from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $78.00 price target on shares of Nasdaq in a research note on Thursday, October 12th. Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Citigroup increased their price target on Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $78.67.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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