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 MarketAxess stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $164.65, for a total transaction of $16,465.00. Following the sale, the general counsel owned 11,386 shares of the company’s stock, valued at approximately $1,874,704.90. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, September 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $163.32, for a total transaction of $16,332.00.
• On Monday, August 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $162.60, for a total transaction of $16,260.00.

MarketAxess Stock Performance

MarketAxess stock opened at $164.45 on Wednesday. MarketAxess Holdings Inc. has a fifty-two week low of $108.75 and a fifty-two week high of $195.96. The firm’s fifty day moving average price is $163.20 and its 200-day moving average price is $146.94. The stock has a market cap of $5.79 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 2.09 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.85.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. The company had revenue of $218.41 million for the quarter, compared to analysts’ expectations of $216.70 million. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%. MarketAxess’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm posted $2.00 EPS. On average, equities research analysts expect that MarketAxess Holdings Inc. will post 8.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MarketAxess

Large investors have recently made changes to their positions in the business. Squarepoint Ops LLC grew its holdings in shares of MarketAxess by 104.7% during the 2nd quarter. Squarepoint Ops LLC now owns 32,462 shares of the financial services provider’s stock worth $3,684,000 after acquiring an additional 16,604 shares during the period. Amundi raised its position in shares of MarketAxess by 803.9% in the 1st quarter. Amundi now owns 258,708 shares of the financial services provider’s stock worth $42,682,000 after acquiring an additional 230,087 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of MarketAxess in the 2nd quarter valued at approximately $9,585,000. Hsbc Holdings PLC lifted its stake in shares of MarketAxess by 59.8% in the 2nd quarter. Hsbc Holdings PLC now owns 33,576 shares of the financial services provider’s stock valued at $3,814,000 after purchasing an additional 12,567 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of MarketAxess by 32.4% in the 1st quarter. Bank of America Corp DE now owns 263,858 shares of the financial services provider’s stock valued at $43,531,000 after purchasing an additional 64,627 shares during the period. 99.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MKTX. Barclays increased their price objective on MarketAxess from $132.00 to $167.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Wall Street Zen downgraded shares of MarketAxess from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Piper Sandler lowered their price target on shares of MarketAxess from $175.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $167.00 price target (up from $150.00) on shares of MarketAxess in a report on Tuesday, August 11th. Finally, Morgan Stanley increased their price target on shares of MarketAxess from $129.00 to $167.00 and gave the company an “equal weight” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $159.44.

MarketAxess Company Profile

MarketAxess Holdings Inc operates an electronic trading platform for fixed-income securities. Its marketplace connects institutional investors, asset managers, broker-dealers and other market participants, enabling them to trade corporate bonds, emerging-market debt, government securities and other credit products electronically.

The company’s services include automated trading tools, request-for-quote workflows and its Open Trading marketplace, which brings together liquidity from a broad network of institutional participants.