Insider Selling: MarketAxess Holdings Inc. (NASDAQ:MKTX) Insider Sells 1,740 Shares of Stock

MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) insider Christophe Pierre Danie Roupie sold 1,740 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $285.03, for a total value of $495,952.20. Following the completion of the transaction, the insider now owns 5,318 shares in the company, valued at approximately $1,515,789.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of MKTX stock traded down $7.00 during midday trading on Thursday, reaching $274.01. 183,061 shares of the stock were exchanged, compared to its average volume of 351,497. MarketAxess Holdings Inc. has a 1 year low of $249.01 and a 1 year high of $498.97. The company’s 50 day moving average is $276.45 and its two-hundred day moving average is $337.82. The firm has a market cap of $10.26 billion, a PE ratio of 43.77 and a beta of 0.55.

MarketAxess (NASDAQ:MKTXGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.03. The business had revenue of $186.10 million for the quarter, compared to analysts’ expectations of $186.34 million. MarketAxess had a return on equity of 23.46% and a net margin of 35.13%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.11 EPS. As a group, research analysts forecast that MarketAxess Holdings Inc. will post 7.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 18th. Shareholders of record on Wednesday, May 4th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, May 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 1.02%. MarketAxess’s payout ratio is presently 43.96%.

A number of research analysts have recently weighed in on the company. Morgan Stanley dropped their target price on MarketAxess from $367.00 to $361.00 and set an “equal weight” rating on the stock in a report on Thursday, April 21st. Raymond James downgraded MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 6th. Compass Point upgraded MarketAxess from a “sell” rating to a “neutral” rating and set a $275.00 price target for the company in a research report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on MarketAxess from $300.00 to $270.00 in a research note on Thursday, May 19th. Finally, StockNews.com initiated coverage on MarketAxess in a research note on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $365.33.

A number of hedge funds have recently modified their holdings of the business. Standard Family Office LLC purchased a new position in shares of MarketAxess during the first quarter valued at about $27,000. KB Financial Partners LLC bought a new position in shares of MarketAxess in the 4th quarter valued at about $30,000. Sageworth Trust Co of South Dakota bought a new position in shares of MarketAxess in the 4th quarter valued at about $39,000. CVA Family Office LLC bought a new position in shares of MarketAxess in the 4th quarter valued at about $60,000. Finally, Exane Derivatives lifted its holdings in shares of MarketAxess by 37.4% in the 1st quarter. Exane Derivatives now owns 202 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 96.50% of the company’s stock.

About MarketAxess (Get Rating)

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities.

See Also

Insider Buying and Selling by Quarter for MarketAxess (NASDAQ:MKTX)

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