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

MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Free Report) General Counsel Scott Pintoff sold 100 shares of the stock in a transaction on Monday, October 12th. The shares were sold at an average price of $164.65, for a total value of $16,465.00. Following the transaction, the general counsel directly owned 11,386 shares of the company’s stock, valued at approximately $1,874,704.90. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 value of $16,332.00.
  • On Monday, August 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $162.60, for a total value of $16,260.00.

MarketAxess Stock Performance

Shares of MKTX opened at $164.50 on Thursday. The firm has a market cap of $5.79 billion, a PE ratio of 21.30, a PEG ratio of 2.09 and a beta of 0.80. The stock’s fifty day moving average price is $163.25 and its two-hundred day moving average price is $146.92. 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 Holdings Inc. has a 1 year low of $108.75 and a 1 year high of $195.96.

MarketAxess (NASDAQ:MKTX – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. The company had revenue of $218.41 million during the quarter, compared to the consensus estimate of $216.70 million. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.00 EPS. On average, equities research analysts forecast that MarketAxess Holdings Inc. will post 8.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of MarketAxess from $129.00 to $167.00 and gave the company an “equal weight” rating in a report on Friday, October 9th. UBS Group downgraded shares of MarketAxess from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $200.00 to $167.00 in a research note on Friday, July 31st. William Blair lowered shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. Piper Sandler dropped their price target on shares of MarketAxess from $175.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Finally, The Goldman Sachs Group dropped their price target on shares of MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $159.44.

Check Out Our Latest Analysis on MKTX

Hedge Funds Weigh In On MarketAxess

A number of large investors have recently made changes to their positions in MKTX. BlackRock Inc. purchased a new stake in MarketAxess in the 2nd quarter worth approximately $453,941,000. Primecap Management Co. CA bought a new position in MarketAxess in the 2nd quarter valued at $397,772,000. Azora Capital LP bought a new position in MarketAxess in the 2nd quarter valued at $58,230,000. Davis Asset Management L.P. bought a new position in MarketAxess in the 2nd quarter valued at $56,745,000. Finally, Bank of America Corp DE purchased a new position in shares of MarketAxess during the 2nd quarter valued at $34,446,000. 99.01% of the stock is owned by 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.

See Also

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

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