MarketAxess (NASDAQ:MKTX) General Counsel Sells 100 Shares

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $163.32, for a total value of $16,332.00. Following the completion of the transaction, the general counsel owned 11,486 shares of the company’s stock, valued at approximately $1,875,893.52. This represents a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Scott Pintoff also recently made the following trade(s):

• On Monday, August 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $162.60, for a total transaction of $16,260.00.
• On Friday, July 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $115.12, for a total transaction of $11,512.00.

MarketAxess Price Performance

Shares of NASDAQ MKTX traded down $0.09 on Friday, hitting $163.00. The company’s stock had a trading volume of 892,280 shares, compared to its average volume of 740,768. MarketAxess Holdings Inc. has a 12-month low of $108.75 and a 12-month high of $195.96. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 2.08 and a beta of 0.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a 50 day moving average of $145.00 and a 200-day moving average of $149.70.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The business had revenue of $218.41 million during the quarter, compared to analysts’ expectations of $216.70 million. During the same period last year, the company posted $2.00 EPS. The company’s revenue was down .5% on a year-over-year basis. As a group, research analysts predict that MarketAxess Holdings Inc. will post 8.06 EPS for the current year.

MarketAxess Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 19th. MarketAxess’s payout ratio is 36.79%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Piper Sandler decreased their price objective on MarketAxess from $175.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Wall Street Zen lowered shares of MarketAxess from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Benchmark reaffirmed a “buy” rating on shares of MarketAxess in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of MarketAxess in a report on Monday, August 3rd. Finally, UBS Group lowered shares of MarketAxess from a “buy” rating to a “neutral” rating and cut their price objective for the company from $200.00 to $167.00 in a research report on Friday, July 31st. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $156.10.

Institutional Investors Weigh In On MarketAxess

A number of institutional investors have recently bought and sold shares of the stock. MUFG Securities EMEA plc purchased a new stake in shares of MarketAxess during the 2nd quarter valued at $25,000. Geneos Wealth Management Inc. boosted its holdings in MarketAxess by 200.0% in the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 80 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in MarketAxess by 300.0% in the fourth quarter. Pacer Advisors Inc. now owns 280 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 210 shares during the last quarter. Westpac Banking Corp purchased a new stake in MarketAxess during the first quarter valued at about $56,000. Finally, Versant Capital Management Inc grew its position in MarketAxess by 215.3% during the second quarter. Versant Capital Management Inc now owns 391 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 267 shares during the period. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

MarketAxess Company Profile

MarketAxess Holdings Inc operates an electronic trading platform for institutional fixed-income markets. Through its technology, investors and dealers can trade corporate bonds, government securities, emerging-market debt and other credit products in an electronic environment designed to improve access, execution and transparency.

The company’s offerings include its Open Trading marketplace, which connects a broad network of institutional participants, as well as a range of trading protocols that support different liquidity and execution needs.