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

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $146.99, for a total value of $14,699.00. Following the transaction, the general counsel owned 11,886 shares of the company’s stock, valued at $1,747,123.14. This trade represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value of $17,196.00.

MarketAxess Stock Down 2.6%

Shares of NASDAQ:MKTX opened at $141.37 on Wednesday. MarketAxess Holdings Inc. has a 1 year low of $141.19 and a 1 year high of $228.16. The business has a 50 day simple moving average of $169.66 and a two-hundred day simple moving average of $171.36. The firm has a market capitalization of $5.02 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.17 and a quick ratio of 2.17.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.10. MarketAxess had a return on equity of 22.28% and a net margin of 35.53%.The business had revenue of $233.38 million during the quarter, compared to analyst estimates of $231.91 million. During the same quarter in the previous year, the business earned $1.87 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts predict that MarketAxess Holdings Inc. will post 8.1 EPS for the current year.

MarketAxess Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be issued a $0.78 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.2%. MarketAxess’s payout ratio is presently 36.88%.

Analyst Ratings Changes

A number of analysts recently issued reports on MKTX shares. Keefe, Bruyette & Woods started coverage on MarketAxess in a report on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 price target for the company. Piper Sandler lowered their price target on MarketAxess from $180.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Wall Street Zen upgraded MarketAxess from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group lowered their price target on MarketAxess from $225.00 to $215.00 and set a “buy” rating for the company in a report on Monday. Finally, Argus lowered MarketAxess from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $190.88.

Hedge Funds Weigh In On MarketAxess

A number of large investors have recently bought and sold shares of MKTX. Jones Financial Companies Lllp raised its stake in MarketAxess by 151.0% in the first quarter. Jones Financial Companies Lllp now owns 2,683 shares of the financial services provider’s stock worth $580,000 after buying an additional 1,614 shares in the last quarter. Empowered Funds LLC raised its stake in MarketAxess by 8.4% in the first quarter. Empowered Funds LLC now owns 1,716 shares of the financial services provider’s stock worth $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 worth $689,000 after buying an additional 921 shares in the last quarter. Geneos Wealth Management Inc. raised its stake 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 buying an additional 80 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in MarketAxess in the second quarter worth approximately $406,000. Institutional investors own 99.01% of the company’s stock.

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.