Nasdaq Sees Unusually Large Options Volume (NDAQ)

Nasdaq Inc (NASDAQ:NDAQ) was the target of some unusual options trading activity on Friday. Investors bought 2,810 put options on the company. This is an increase of 1,773% compared to the typical volume of 150 put options.

Nasdaq (NASDAQ:NDAQ) opened at $76.11 on Wednesday. The firm has a market cap of $12,884.20, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78. Nasdaq has a 12-month low of $65.98 and a 12-month high of $80.14. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.15 and a quick ratio of 1.15.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The business had revenue of $607.00 million during the quarter, compared to analyst estimates of $599.84 million. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. sell-side analysts anticipate that Nasdaq will post 4.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.00%. Nasdaq’s dividend payout ratio is 100.00%.

A number of research firms have weighed in on NDAQ. UBS reiterated a “buy” rating and issued a $89.00 price target (up from $83.00) on shares of Nasdaq in a research report on Monday, December 11th. ValuEngine upgraded shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $78.00 price target on shares of Nasdaq in a research report on Thursday, October 12th. Citigroup upped their price target on shares of Nasdaq from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $76.00 price target on shares of Nasdaq in a research report on Monday, September 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $78.67.

In other Nasdaq news, insider Pc Nelson Griggs sold 1,396 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $74.72, for a total transaction of $104,309.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of NDAQ. BT Investment Management Ltd bought a new position in shares of Nasdaq during the second quarter worth $97,982,000. Sterling Capital Management LLC bought a new position in shares of Nasdaq during the second quarter worth $40,996,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Nasdaq by 3,606.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 569,103 shares of the financial services provider’s stock worth $40,685,000 after acquiring an additional 553,747 shares during the last quarter. Ardevora Asset Management LLP bought a new position in shares of Nasdaq during the third quarter worth $35,504,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Nasdaq during the second quarter worth $26,316,000. Hedge funds and other institutional investors own 75.74% of the company’s stock.

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About Nasdaq

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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