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

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of the stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $164.80, for a total transaction of $16,480.00. Following the sale, the general counsel directly owned 11,286 shares in the company, valued at $1,859,932.80. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, October 12th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $164.65, for a total transaction of $16,465.00.
• On Thursday, September 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $163.32, for a total transaction of $16,332.00.

MarketAxess Price Performance

Shares of NASDAQ:MKTX opened at $165.31 on Thursday. The company has a quick ratio of 1.85, a current ratio of 2.01 and a debt-to-equity ratio of 0.07. 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 simple moving average of $164.26 and a 200 day simple moving average of $155.21. The company has a market cap of $5.82 billion, a PE ratio of 20.23, a P/E/G ratio of 2.22 and a beta of 0.83.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Friday, October 23rd. The financial services provider reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). MarketAxess had a return on equity of 22.75% and a net margin of 33.51%. The business had revenue of $210.41 million for the quarter, compared to analyst estimates of $218.98 million. During the same quarter last year, the company earned $1.84 EPS. MarketAxess’s revenue was up .8% compared to the same quarter last year. On average, sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.98 EPS for the current year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, November 10th. MarketAxess’s dividend payout ratio is presently 38.19%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MKTX shares. Weiss Ratings upgraded MarketAxess from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. Morgan Stanley increased their target price on MarketAxess from $129.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Friday, October 9th. Piper Sandler cut their target price on MarketAxess from $175.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. William Blair downgraded shares of MarketAxess from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Finally, Wall Street Zen lowered shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MarketAxess presently has an average rating of “Hold” and an average price target of $159.44.

Institutional Trading of MarketAxess

Large investors have recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC acquired a new position in MarketAxess during the 3rd quarter worth $39,000. Bessemer Group Inc. raised its stake in shares of MarketAxess by 82.9% during the third quarter. Bessemer Group Inc. now owns 236 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 107 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of MarketAxess during the third quarter valued at about $56,000. Westpac Banking Corp bought a new stake in shares of MarketAxess during the first quarter valued at about $56,000. Finally, Versant Capital Management Inc lifted its holdings in MarketAxess by 215.3% in the second quarter. Versant Capital Management Inc now owns 391 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 267 shares during the period. 99.01% of the stock is currently 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 and broker-dealers, enabling them to trade bonds and other debt instruments through electronic tools such as request-for-quote and open trading protocols. The platform supports trading across a range of fixed-income markets, including U.S. and European corporate bonds, U.S. Treasuries, municipal bonds, emerging-market debt and other securities. MarketAxess also provides market data and trading analytics to help clients assess prices and make trading decisions.