MarketAxess (NASDAQ:MKTX) General Counsel Scott Pintoff Sells 100 Shares of Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $162.60, for a total transaction of $16,260.00. Following the completion of the sale, the general counsel directly owned 11,586 shares of the company’s stock, valued at approximately $1,883,883.60. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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.
• On Wednesday, June 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $116.03, for a total value of $11,603.00.

MarketAxess Trading Down 0.0%

MKTX opened at $162.50 on Tuesday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $124.18 and its two-hundred day moving average is $151.20. The company has a market capitalization of $5.78 billion, a P/E ratio of 19.16, a PEG ratio of 4.12 and a beta of 0.83. MarketAxess Holdings Inc. has a 52 week low of $108.75 and a 52 week high of $195.96.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%.The business had revenue of $218.41 million during the quarter, compared to analysts’ expectations of $216.70 million. During the same period in the prior year, the business earned $2.00 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts forecast that MarketAxess Holdings Inc. will post 8.04 earnings per share for the current year.

MarketAxess Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.12 dividend on an annualized basis and a yield of 1.9%. MarketAxess’s dividend payout ratio is 36.79%.

Analysts Set New Price Targets

Several research firms have recently commented on MKTX. Morgan Stanley reduced their price target on shares of MarketAxess from $195.00 to $129.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. UBS Group downgraded shares of MarketAxess from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $200.00 to $167.00 in a research note on Friday, July 31st. Wall Street Zen lowered MarketAxess from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Piper Sandler dropped their target price on MarketAxess from $175.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 15th. Finally, The Goldman Sachs Group cut their price target on MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $158.90.

Hedge Funds Weigh In On MarketAxess

Several institutional investors and hedge funds have recently bought and sold shares of MKTX. Jones Financial Companies Lllp boosted its position in shares of MarketAxess by 151.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,683 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 1,614 shares in the last quarter. Empowered Funds LLC increased its position in MarketAxess by 8.4% during the 1st quarter. Empowered Funds LLC now owns 1,716 shares of the financial services provider’s stock valued at $371,000 after buying an additional 133 shares in the last quarter. Woodline Partners LP raised its stake in MarketAxess by 40.7% in the first quarter. Woodline Partners LP now owns 3,185 shares of the financial services provider’s stock valued at $689,000 after buying an additional 921 shares during the last quarter. 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 worth $26,000 after acquiring an additional 80 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in MarketAxess in the second quarter worth about $406,000. 99.01% of the stock is owned by hedge funds and other institutional investors.

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.