Insider Selling: MarketAxess (NASDAQ:MKTX) General Counsel Sells $16,465.00 in Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of MarketAxess stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $164.65, for a total value of $16,465.00. Following the completion of the sale, the general counsel owned 11,386 shares of the company’s stock, valued at $1,874,704.90. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were 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 Up 0.0%

Shares of MKTX stock opened at $164.54 on Friday. The firm’s 50-day simple moving average is $163.28 and its 200-day simple moving average 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. The firm has a market cap of $5.79 billion, a P/E ratio of 21.31, a PEG ratio of 2.09 and a beta of 0.80.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The firm had revenue of $218.41 million during the quarter, compared to the consensus estimate of $216.70 million. During the same period in the previous year, the firm earned $2.00 earnings per share. MarketAxess’s revenue was down .5% compared to the same quarter last year. As a group, equities analysts forecast that MarketAxess Holdings Inc. will post 8.08 EPS for the current year.

Institutional Trading of MarketAxess

A number of institutional investors and hedge funds have recently bought and sold shares of MKTX. Krilogy Financial LLC lifted its position in MarketAxess by 1.0% during the first quarter. Krilogy Financial LLC now owns 7,884 shares of the financial services provider’s stock valued at $1,368,000 after buying an additional 77 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in MarketAxess by 6.3% during the first quarter. Citizens Financial Group Inc. RI now owns 2,592 shares of the financial services provider’s stock worth $428,000 after buying an additional 153 shares during the period. Argos Wealth Advisors LLC grew its stake in MarketAxess by 11.6% during the first quarter. Argos Wealth Advisors LLC now owns 1,561 shares of the financial services provider’s stock worth $258,000 after buying an additional 162 shares during the period. Pacer Advisors Inc. increased its position in shares of MarketAxess by 58.6% in the first quarter. Pacer Advisors Inc. now owns 444 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 164 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC increased its position in shares of MarketAxess by 2.1% in the first quarter. Walled Lake Planning & Wealth Management LLC now owns 10,544 shares of the financial services provider’s stock worth $1,740,000 after acquiring an additional 212 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group cut shares of MarketAxess from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $200.00 to $167.00 in a research note on Friday, July 31st. The Goldman Sachs Group cut their target price on MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Barclays increased their target price on MarketAxess from $132.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Benchmark reiterated a “buy” rating on shares of MarketAxess in a report on Wednesday, July 8th. Finally, Morgan Stanley boosted their price target on MarketAxess from $129.00 to $167.00 and gave the company an “equal weight” rating in a research report on Friday, October 9th. One 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, MarketAxess currently has a consensus rating of “Hold” and an average price target of $159.44.

MarketAxess Company Profile

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.