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

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $168.63, for a total value of $16,863.00. Following the completion of the transaction, the general counsel directly owned 9,638 shares in the company, valued at $1,625,255.94. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

MarketAxess Stock Up 0.2%

NASDAQ MKTX opened at $170.37 on Wednesday. The company has a 50-day moving average price of $172.60 and a 200-day moving average price of $183.09. MarketAxess Holdings Inc. has a 52 week low of $156.17 and a 52 week high of $232.84. The firm has a market capitalization of $6.33 billion, a P/E ratio of 28.97, a PEG ratio of 5.69 and a beta of 0.97.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Friday, November 7th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. MarketAxess had a net margin of 26.16% and a return on equity of 20.20%. The company had revenue of $208.82 million during the quarter, compared to analyst estimates of $212.59 million. During the same period in the previous year, the business posted $1.90 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

Institutional Investors Weigh In On MarketAxess

Several institutional investors and hedge funds have recently modified their holdings of the stock. MUFG Securities EMEA plc purchased a new position in MarketAxess during the second quarter valued at $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 80 shares during the last quarter. True Wealth Design LLC grew its position in shares of MarketAxess by 992.9% during the second quarter. True Wealth Design LLC now owns 153 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 139 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of MarketAxess in the second quarter worth about $37,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of MarketAxess in the third quarter worth about $38,000. Institutional investors own 99.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MKTX. Morgan Stanley cut their price target on MarketAxess from $209.00 to $204.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. UBS Group cut their price objective on MarketAxess from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday. Loop Capital set a $164.00 target price on shares of MarketAxess in a research note on Tuesday, October 14th. Zacks Research raised shares of MarketAxess from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings raised shares of MarketAxess from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, MarketAxess has a consensus rating of “Hold” and an average target price of $202.91.

About MarketAxess

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.