Nasdaq Sees Unusually High Options Volume (NASDAQ:NDAQ)

Nasdaq Inc (NASDAQ:NDAQ) was the target of unusually large options trading activity on Thursday. Investors purchased 3,485 put options on the company. This represents an increase of 6,014% compared to the typical daily volume of 57 put options.

In other news, insider Edward S. Knight sold 22,059 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $90.83, for a total transaction of $2,003,618.97. Following the transaction, the insider now directly owns 95,322 shares in the company, valued at $8,658,097.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lars Ottersgard sold 4,861 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $99.14, for a total value of $481,919.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,126 shares of company stock worth $3,760,671. Insiders own 0.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Doyle Wealth Management purchased a new stake in Nasdaq in the 2nd quarter valued at about $62,000. Pittenger & Anderson Inc. acquired a new position in shares of Nasdaq in the 1st quarter valued at about $66,000. Benjamin Edwards Inc. lifted its stake in shares of Nasdaq by 28.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 197 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of Nasdaq in the 1st quarter valued at about $96,000. Finally, Lenox Wealth Management Inc. lifted its stake in shares of Nasdaq by 1,562.9% in the 1st quarter. Lenox Wealth Management Inc. now owns 1,164 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,094 shares in the last quarter. Hedge funds and other institutional investors own 75.63% of the company’s stock.

NDAQ has been the subject of several recent research reports. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Deutsche Bank decreased their price target on Nasdaq from $113.00 to $110.00 and set a “buy” rating for the company in a report on Friday, August 9th. UBS Group raised their target price on Nasdaq from $103.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Bank of America reissued a “neutral” rating and issued a $88.00 target price on shares of Nasdaq in a report on Friday, May 31st. Finally, Citigroup downgraded Nasdaq from a “neutral” rating to a “sell” rating and raised their target price for the company from $93.00 to $95.00 in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $102.00.

Shares of NDAQ stock traded down $2.61 during mid-day trading on Friday, reaching $97.52. The stock had a trading volume of 560,870 shares, compared to its average volume of 693,492. The company has a market cap of $16.06 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 2.94 and a beta of 0.66. The business has a 50-day simple moving average of $99.50 and a 200 day simple moving average of $92.57. Nasdaq has a 12-month low of $75.49 and a 12-month high of $104.69. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $629.06 million. Nasdaq had a return on equity of 14.68% and a net margin of 12.86%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. Research analysts anticipate that Nasdaq will post 4.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Thursday, September 12th. Nasdaq’s dividend payout ratio is presently 38.84%.

Nasdaq Company Profile

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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