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

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of the company’s stock in a transaction 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 completion of the transaction, the general counsel owned 11,386 shares of the company’s stock, valued at $1,874,704.90. This represents a 0.87% decrease in their position. The transaction was disclosed in a 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 value 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 value of $16,260.00.

MarketAxess Stock Performance

Shares of NASDAQ MKTX traded down $0.08 during trading hours on Tuesday, reaching $164.45. The stock had a trading volume of 567,014 shares, compared to its average volume of 748,168. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.10 and a beta of 0.80. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. MarketAxess Holdings Inc. has a fifty-two week low of $108.75 and a fifty-two week high of $195.96. The firm has a 50-day moving average of $163.16 and a 200-day moving average of $146.95.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. The firm had revenue of $218.41 million for 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%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $2.00 EPS. Equities research analysts predict that MarketAxess Holdings Inc. will post 8.06 earnings per share for the current year.

MarketAxess Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a dividend of $0.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. MarketAxess’s dividend payout ratio (DPR) is 36.79%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MKTX shares. Benchmark reaffirmed a “buy” rating on shares of MarketAxess in a report on Wednesday, July 8th. Piper Sandler decreased their price target on shares of MarketAxess from $175.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. UBS Group cut shares of MarketAxess from a “buy” rating to a “neutral” rating and reduced their target price for the company from $200.00 to $167.00 in a report on Friday, July 31st. Barclays increased their target price on shares of MarketAxess from $132.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Finally, Morgan Stanley raised their price target on MarketAxess from $129.00 to $167.00 and gave the stock an “equal weight” rating in a report on Friday. One research analyst has rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $159.90.

Hedge Funds Weigh In On MarketAxess

Several institutional investors have recently bought and sold shares of MKTX. NorthCrest Asset Manangement LLC purchased a new stake in shares of MarketAxess in the third quarter valued at about $298,000. Investors Research Corp increased its stake in shares of MarketAxess by 5,681.8% during the third quarter. Investors Research Corp now owns 1,272 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 1,250 shares during the period. Greenwich Wealth Management LLC purchased a new position in MarketAxess during the second quarter worth about $3,057,000. Tidal Investments LLC raised its holdings in MarketAxess by 34.9% during the second quarter. Tidal Investments LLC now owns 19,749 shares of the financial services provider’s stock worth $2,241,000 after purchasing an additional 5,107 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in MarketAxess by 104.7% in the second quarter. Squarepoint Ops LLC now owns 32,462 shares of the financial services provider’s stock valued at $3,684,000 after purchasing an additional 16,604 shares during the period. 99.01% of the stock is owned by institutional investors and hedge funds.

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.