MarketAxess Holdings Inc. (NASDAQ:MKTX) Director Sells $99,740.00 in Stock

MarketAxess Holdings Inc. (NASDAQ:MKTXGet Free Report) Director Stephen P. Casper sold 500 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $199.48, for a total transaction of $99,740.00. Following the completion of the transaction, the director now directly owns 10,201 shares of the company’s stock, valued at $2,034,895.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

MarketAxess Trading Down 0.9 %

Shares of NASDAQ:MKTX opened at $199.31 on Friday. MarketAxess Holdings Inc. has a 12-month low of $192.54 and a 12-month high of $297.97. The stock’s 50-day moving average price is $207.23 and its 200-day moving average price is $231.52. The stock has a market capitalization of $7.55 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 5.04 and a beta of 1.04.

MarketAxess (NASDAQ:MKTXGet Free Report) last issued its earnings results on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.07. MarketAxess had a net margin of 33.83% and a return on equity of 20.82%. The firm had revenue of $210.30 million for the quarter, compared to analysts’ expectations of $212.99 million. During the same quarter last year, the business earned $1.96 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. As a group, research analysts predict that MarketAxess Holdings Inc. will post 7.17 EPS for the current year.

MarketAxess Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, May 21st. MarketAxess’s payout ratio is 43.47%.

Institutional Trading of MarketAxess

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in MarketAxess by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,539,440 shares of the financial services provider’s stock valued at $995,272,000 after purchasing an additional 13,018 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd raised its holdings in shares of MarketAxess by 30.3% during the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 2,425,897 shares of the financial services provider’s stock valued at $531,878,000 after acquiring an additional 564,820 shares in the last quarter. Royal Bank of Canada lifted its stake in MarketAxess by 2.0% in the third quarter. Royal Bank of Canada now owns 1,705,958 shares of the financial services provider’s stock worth $364,462,000 after acquiring an additional 33,288 shares during the period. Van ECK Associates Corp boosted its holdings in MarketAxess by 21.2% in the first quarter. Van ECK Associates Corp now owns 1,657,960 shares of the financial services provider’s stock valued at $363,508,000 after acquiring an additional 290,347 shares in the last quarter. Finally, Primecap Management Co. CA increased its position in MarketAxess by 0.4% during the 4th quarter. Primecap Management Co. CA now owns 1,122,560 shares of the financial services provider’s stock valued at $328,742,000 after purchasing an additional 4,340 shares during the period. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays dropped their price objective on MarketAxess from $236.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 8th. Piper Sandler cut their price objective on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Keefe, Bruyette & Woods lowered their target price on shares of MarketAxess from $235.00 to $230.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 8th. Bank of America began coverage on shares of MarketAxess in a report on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 price target on the stock. Finally, UBS Group dropped their price objective on shares of MarketAxess from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $249.73.

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MarketAxess Company Profile

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MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.

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