Nasdaq Inc (NASDAQ:NDAQ) was the recipient of some unusual options trading on Wednesday. Investors purchased 6,565 call options on the company. This is an increase of 3,695% compared to the average volume of 173 call options.
NASDAQ NDAQ opened at $95.45 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $15.79 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 2.61 and a beta of 0.63. Nasdaq has a 1 year low of $75.49 and a 1 year high of $97.47.
Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.05. The company had revenue of $638.00 million for the quarter, compared to analysts’ expectations of $632.71 million. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. Nasdaq’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. As a group, analysts anticipate that Nasdaq will post 4.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.47 dividend. The ex-dividend date is Thursday, June 13th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a yield of 1.97%. Nasdaq’s dividend payout ratio (DPR) is 36.36%.
NDAQ has been the topic of a number of recent research reports. Zacks Investment Research raised Nasdaq from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Tuesday, March 12th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Finally, UBS Group raised their target price on Nasdaq from $100.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $97.15.
In other news, Director Lars Wedenborn sold 1,946 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $90.36, for a total transaction of $175,840.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Thomas A. Wittman sold 13,561 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $88.04, for a total value of $1,193,910.44. The disclosure for this sale can be found here. Insiders have sold 45,276 shares of company stock worth $4,117,864 over the last ninety days. Insiders own 0.50% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Capital Investment Advisory Services LLC purchased a new stake in Nasdaq in the fourth quarter worth about $43,000. Doyle Wealth Management purchased a new stake in Nasdaq in the fourth quarter worth about $51,000. Cresset Asset Management LLC purchased a new stake in Nasdaq in the first quarter worth about $65,000. Pittenger & Anderson Inc. purchased a new stake in Nasdaq in the first quarter worth about $66,000. Finally, Premia Global Advisors LLC purchased a new stake in Nasdaq in the first quarter worth about $66,000. Institutional investors and hedge funds own 76.14% of the company’s stock.
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Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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