Traders Purchase Large Volume of Put Options on Nasdaq (NDAQ)

Nasdaq, Inc. (NASDAQ:NDAQ) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 10,127 put options on the company. This is an increase of approximately 1,667% compared to the typical daily volume of 573 put options.

Nasdaq (NDAQ) opened at 74.56 on Wednesday. The stock’s 50 day moving average price is $75.71 and its 200 day moving average price is $71.89. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 56.66 and a beta of 0.77. Nasdaq has a 12-month low of $63.30 and a 12-month high of $78.31.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $602.00 million for the quarter, compared to analyst estimates of $596.55 million. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. Analysts forecast that Nasdaq will post $4.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, September 14th. Nasdaq’s payout ratio is currently 118.75%.

In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of Nasdaq stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $76.32, for a total transaction of $89,294.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lars Wedenborn sold 3,045 shares of Nasdaq stock in a transaction on Friday, August 18th. The stock was sold at an average price of $76.13, for a total transaction of $231,815.85. The disclosure for this sale can be found here. Insiders sold a total of 36,844 shares of company stock worth $2,788,100 in the last three months. 1.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC boosted its stake in shares of Nasdaq by 13.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 178 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Nasdaq by 3.4% during the first quarter. Pacer Advisors Inc. now owns 2,365 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 77 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Nasdaq during the first quarter valued at $190,000. MML Investors Services LLC acquired a new stake in shares of Nasdaq during the second quarter valued at $201,000. Finally, IFP Advisors Inc boosted its stake in shares of Nasdaq by 9.4% during the second quarter. IFP Advisors Inc now owns 2,837 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 243 shares during the last quarter. 74.63% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Royal Bank Of Canada set a $74.00 target price on shares of Nasdaq and gave the stock a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research cut shares of Nasdaq from a “hold” rating to a “sell” rating in a research note on Monday. Jefferies Group LLC reaffirmed a “hold” rating and set a $71.00 target price (up previously from $68.00) on shares of Nasdaq in a research note on Monday, July 17th. Finally, UBS AG reaffirmed a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $76.10.

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Nasdaq Company Profile

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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