Stock Traders Purchase Large Volume of Call Options on Nasdaq (NASDAQ:NDAQ)

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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About Nasdaq

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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