MarketAxess (NASDAQ:MKTX) General Counsel Sells $11,603.00 in Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $116.03, for a total transaction of $11,603.00. Following the completion of the transaction, the general counsel directly owned 11,786 shares of the company’s stock, valued at $1,367,529.58. This trade represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, May 11th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $146.99, for a total transaction of $14,699.00.
• On Friday, April 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $171.96, for a total transaction of $17,196.00.

MarketAxess Stock Performance

MKTX opened at $120.89 on Monday. The stock has a market capitalization of $4.30 billion, a P/E ratio of 14.29, a P/E/G ratio of 3.91 and a beta of 0.86. MarketAxess Holdings Inc. has a 12 month low of $113.29 and a 12 month high of $228.16. The firm’s fifty day simple moving average is $147.78 and its 200 day simple moving average is $165.36. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.19.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.15 by $0.10. The business had revenue of $233.38 million for the quarter, compared to analysts’ expectations of $231.91 million. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.87 EPS. As a group, research analysts anticipate that MarketAxess Holdings Inc. will post 8.02 EPS for the current fiscal year.

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, May 20th. MarketAxess’s payout ratio is currently 36.88%.

Hedge Funds Weigh In On MarketAxess

Large investors have recently modified their holdings of the business. MUFG Securities EMEA plc acquired a new position in shares of MarketAxess during the 2nd quarter worth about $25,000. Geneos Wealth Management Inc. boosted its stake in shares of MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after buying an additional 80 shares during the last quarter. Activest Wealth Management acquired a new position in shares of MarketAxess during the 4th quarter worth about $28,000. Stance Capital LLC acquired a new position in shares of MarketAxess during the 3rd quarter worth about $42,000. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of MarketAxess during the 3rd quarter worth about $43,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on MKTX. Weiss Ratings cut shares of MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $134.00 price objective (down from $189.00) on shares of MarketAxess in a research report on Thursday. Barclays cut their price objective on shares of MarketAxess from $189.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Keefe, Bruyette & Woods began coverage on shares of MarketAxess in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 price objective on the stock. Finally, UBS Group cut their price objective on shares of MarketAxess from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, MarketAxess presently has a consensus rating of “Hold” and an average target price of $183.10.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.