Nasdaq, Inc. (NASDAQ:NDAQ) saw unusually large options trading activity on Wednesday. Traders acquired 1,796 call options on the stock. This represents an increase of Infinity compared to the average volume of 0 call options.
NDAQ has been the subject of several research reports. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. UBS AG reissued a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Nasdaq in a research report on Thursday, July 27th. ValuEngine raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Royal Bank Of Canada set a $78.00 price objective on shares of Nasdaq and gave the stock a “hold” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $77.40.
In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total value of $89,294.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Pc Nelson Griggs sold 1,396 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $74.72, for a total transaction of $104,309.12. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Palo Capital Inc. grew its position in shares of Nasdaq by 0.4% in the 2nd quarter. Palo Capital Inc. now owns 10,759 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 45 shares during the period. CIBC Asset Management Inc grew its position in shares of Nasdaq by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 12,260 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 50 shares during the period. Stanley Laman Group Ltd. grew its position in shares of Nasdaq by 0.6% in the 2nd quarter. Stanley Laman Group Ltd. now owns 9,457 shares of the financial services provider’s stock valued at $676,000 after acquiring an additional 57 shares during the period. Thrivent Financial For Lutherans grew its position in shares of Nasdaq by 2.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,330 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 100 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in shares of Nasdaq by 0.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 15,438 shares of the financial services provider’s stock valued at $1,104,000 after acquiring an additional 115 shares during the period. 75.82% of the stock is owned by institutional investors.
Nasdaq (NASDAQ NDAQ) opened at $75.95 on Monday. Nasdaq has a 12-month low of $63.36 and a 12-month high of $78.31. The company has a market cap of $12,624.89, a PE ratio of 18.39, a PEG ratio of 2.12 and a beta of 0.76. 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 announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Nasdaq had a net margin of 6.72% and a return on equity of 12.69%. The company had revenue of $607.00 million during the quarter, compared to the consensus estimate of $599.84 million. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. sell-side analysts expect that Nasdaq will post 4.18 earnings per share for the current 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 $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, December 14th. Nasdaq’s dividend payout ratio (DPR) is presently 100.00%.
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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