Nasdaq Target of Unusually High Options Trading (NDAQ) – Fairfield Current
Nasdaq Inc (NASDAQ:NDAQ) was the target of some unusual options trading on Thursday. Investors bought 2,082 call options on the stock. This is an increase of approximately 1,454% compared to the average volume of 134 call options.
NDAQ has been the topic of several research reports. UBS Group increased their target price on Nasdaq from $101.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, July 26th. Jefferies Financial Group reissued a "hold" rating and set a $90.00 target price on shares of Nasdaq in a research note on Friday, July 13th. Raymond James increased their target price on Nasdaq from $94.00 to $100.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 10th. BidaskClub lowered Nasdaq from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, June 27th. Finally, Compass Point initiated coverage on Nasdaq in a research note on Friday, June 22nd. They set a "neutral" rating and a $100.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of "Hold" and a consensus price target of $94.07.
In other news, insider Bradley J. Peterson sold 1,500 shares of the company's stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $93.34, for a total value of $140,010.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.40% of the company's stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Asset Management Inc increased its holdings in shares of Nasdaq by 4.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,547 shares of the financial services provider's stock valued at $1,145,000 after acquiring an additional 553 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Nasdaq by 3.8% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,742 shares of the financial services provider's stock valued at $1,437,000 after acquiring an additional 578 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Nasdaq by 14.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,722 shares of the financial services provider's stock valued at $431,000 after acquiring an additional 600 shares during the last quarter. Signature Wealth Management Group increased its holdings in shares of Nasdaq by 11.8% in the 2nd quarter. Signature Wealth Management Group now owns 5,727 shares of the financial services provider's stock valued at $523,000 after acquiring an additional 605 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of Nasdaq by 16.9% in the 1st quarter. Blair William & Co. IL now owns 4,767 shares of the financial services provider's stock valued at $411,000 after acquiring an additional 688 shares during the last quarter. Institutional investors own 75.66% of the company's stock.
Shares of NASDAQ NDAQ opened at $91.85 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.56. Nasdaq has a 1-year low of $71.65 and a 1-year high of $96.84. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.98 and a beta of 0.65.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.17 by $0.01. Nasdaq had a return on equity of 13.40% and a net margin of 18.13%. The company had revenue of $615.00 million for the quarter, compared to the consensus estimate of $620.25 million. During the same quarter in the prior year, the business earned $1.02 EPS. Nasdaq's revenue was up 3.2% on a year-over-year basis. research analysts expect that Nasdaq will post 4.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.76 annualized dividend and a yield of 1.92%. Nasdaq's dividend payout ratio (DPR) is 43.35%.
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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