Key Points
- MarketAxess General Counsel Scott Pintoff sold 100 shares at an average price of $164.65, reducing his holdings by 0.87% to 11,386 shares. The sale follows two similar 100-share transactions in August and September.
- MKTX shares opened at $164.45, with a market capitalization of approximately $5.79 billion. The company recently exceeded quarterly earnings expectations, reporting $1.95 in EPS versus the $1.85 consensus estimate, although revenue declined 0.5% year over year.
- Wall Street maintains a cautious outlook: analysts’ consensus rating is Hold, with an average price target of $159.44. Institutional investors own approximately 99.01% of the company’s stock.
MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) General Counsel Scott Pintoff sold 100 shares of the business'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 sale, the general counsel owned 11,386 shares in the company, valued at approximately $1,874,704.90. This trade represents a 0.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
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 stock was sold at an average price of $162.60, for a total transaction of $16,260.00.
MarketAxess Trading Down 0.0%
Shares of NASDAQ MKTX opened at $164.45 on Wednesday. MarketAxess Holdings Inc. has a 1 year low of $108.75 and a 1 year high of $195.96. 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 firm has a 50-day moving average of $163.20 and a 200 day moving average of $146.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.85.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.85 by $0.10. The business had revenue of $218.41 million for the quarter, compared to analyst estimates of $216.70 million. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. MarketAxess's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. As a group, sell-side analysts expect that MarketAxess Holdings Inc. will post 8.08 EPS for the current fiscal year.
Wall Street Analyst Weigh In
MKTX has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $167.00 target price (up from $150.00) on shares of MarketAxess in a report on Tuesday, August 11th. Weiss Ratings raised MarketAxess from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, September 22nd. Wall Street Zen cut shares of MarketAxess from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. Barclays increased their price objective on shares of MarketAxess from $132.00 to $167.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Finally, Morgan Stanley increased their price objective 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 equities research analyst has rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $159.44.
Check Out Our Latest Stock Analysis on MarketAxess
Hedge Funds Weigh In On MarketAxess
Hedge funds have recently added to or reduced their stakes in the company. Westpac Banking Corp purchased a new stake in shares of MarketAxess during the first quarter valued at $56,000. Versant Capital Management Inc raised its position in MarketAxess by 215.3% in the 2nd quarter. Versant Capital Management Inc now owns 391 shares of the financial services provider's stock worth $44,000 after buying an additional 267 shares during the last quarter. State of Wyoming purchased a new position in MarketAxess in the 2nd quarter worth about $49,000. Pacer Advisors Inc. raised its position in MarketAxess by 58.6% in the 1st quarter. Pacer Advisors Inc. now owns 444 shares of the financial services provider's stock worth $73,000 after buying an additional 164 shares during the last quarter. Finally, Root Financial Partners LLC lifted its stake in MarketAxess by 1,047.6% during the 1st quarter. Root Financial Partners LLC now owns 482 shares of the financial services provider's stock valued at $80,000 after acquiring an additional 440 shares during the period. 99.01% of the stock is currently owned by hedge funds and other institutional investors.
About MarketAxess
(
Get Free Report)
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.
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