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

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

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

• On Friday, July 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $115.12, for a total value of $11,512.00.
• On Wednesday, June 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $116.03, for a total value of $11,603.00.

MarketAxess Price Performance

Shares of MarketAxess stock opened at $162.53 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $5.72 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 4.12 and a beta of 0.83. The business’s 50-day moving average price is $124.96 and its 200-day moving average price is $151.13. MarketAxess Holdings Inc. has a 12 month low of $108.75 and a 12 month high of $195.96.

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

MarketAxess Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MKTX shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $167.00 price objective (up from $150.00) on shares of MarketAxess in a research note on Tuesday. William Blair downgraded shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Wall Street Zen lowered shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Benchmark reaffirmed a “buy” rating on shares of MarketAxess in a research note on Wednesday, July 8th. Finally, Morgan Stanley decreased their price objective on MarketAxess from $195.00 to $129.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $156.10.

Institutional Investors Weigh In On MarketAxess

Institutional investors have recently added to or reduced their stakes in the company. Ieq Capital LLC bought a new stake in MarketAxess in the 2nd quarter worth $1,832,000. Heartland Advisors Inc. bought a new position in shares of MarketAxess during the second quarter valued at about $11,908,000. Paralel Advisors LLC bought a new position in shares of MarketAxess during the second quarter valued at about $1,593,000. Allworth Financial LP purchased a new stake in shares of MarketAxess during the second quarter worth about $163,000. Finally, West Family Investments Inc. purchased a new stake in shares of MarketAxess during the second quarter worth about $308,000. Hedge funds and other 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.