Antonio L. Delise Sells 8,000 Shares of MarketAxess Holdings, Inc. (MKTX) Stock
MarketAxess Holdings, Inc. (NASDAQ:MKTX) CFO Antonio L. Delise sold 8,000 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $189.57, for a total transaction of $1,516,560.00. Following the completion of the transaction, the chief financial officer now directly owns 50,576 shares of the company’s stock, valued at approximately $9,587,692.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 191.68 on Friday. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 57.39 and a beta of 0.70. MarketAxess Holdings, Inc. has a 1-year low of $110.07 and a 1-year high of $194.12. The stock has a 50 day moving average of $170.71 and a 200-day moving average of $164.59.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The firm earned $94.40 million during the quarter, compared to analysts’ expectations of $93.74 million. MarketAxess Holdings had a net margin of 34.11% and a return on equity of 28.57%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share. Equities analysts anticipate that MarketAxess Holdings, Inc. will post $4.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 23rd. Shareholders of record on Thursday, February 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, February 7th. This is a boost from MarketAxess Holdings’s previous quarterly dividend of $0.26. MarketAxess Holdings’s payout ratio is 39.40%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in MarketAxess Holdings by 240.1% in the second quarter. Nordea Investment Management AB now owns 4,289 shares of the company’s stock valued at $624,000 after buying an additional 3,028 shares during the period. DUPONT CAPITAL MANAGEMENT Corp boosted its position in MarketAxess Holdings by 83.6% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 37,825 shares of the company’s stock valued at $5,500,000 after buying an additional 17,225 shares during the period. Scout Investments Inc. purchased a new position in MarketAxess Holdings during the second quarter valued at approximately $19,502,000. U S Global Investors Inc. boosted its position in MarketAxess Holdings by 13.5% in the second quarter. U S Global Investors Inc. now owns 10,923 shares of the company’s stock valued at $1,588,000 after buying an additional 1,300 shares during the period. Finally, BlackRock Advisors LLC boosted its position in MarketAxess Holdings by 18.0% in the second quarter. BlackRock Advisors LLC now owns 20,277 shares of the company’s stock valued at $2,948,000 after buying an additional 3,093 shares during the period. Institutional investors own 89.11% of the company’s stock.
A number of research firms have issued reports on MKTX. Credit Suisse Group raised shares of MarketAxess Holdings from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $145.00 to $170.00 in a report on Wednesday, January 25th. Raymond James Financial, Inc. raised shares of MarketAxess Holdings from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Tuesday, January 3rd. Macquarie raised shares of MarketAxess Holdings from an “underperform” rating to a “neutral” rating and set a $178.00 price target for the company in a report on Tuesday, January 31st. Zacks Investment Research raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $168.00 price target for the company in a report on Thursday, January 5th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of MarketAxess Holdings in a report on Friday, January 6th. They issued a “conviction-buy” rating and a $185.00 price target for the company. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $175.17.
About MarketAxess Holdings
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.
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