MarketAxess Holdings, Inc. (MKTX) Insider Sells $1,970,077.60 in Stock

MarketAxess Holdings, Inc. (NASDAQ:MKTX) insider Nicholas Themelis sold 10,468 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $188.20, for a total transaction of $1,970,077.60. Following the completion of the sale, the insider now directly owns 72,635 shares of the company’s stock, valued at $13,669,907. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 190.07 on Wednesday. The company has a 50 day moving average of $168.20 and a 200 day moving average of $164.19. MarketAxess Holdings, Inc. has a 52 week low of $110.07 and a 52 week high of $194.12. The firm has a market cap of $7.00 billion, a PE ratio of 56.91 and a beta of 0.70.

MarketAxess Holdings (NASDAQ:MKTX) last issued its earnings results on Wednesday, January 25th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. MarketAxess Holdings had a return on equity of 28.57% and a net margin of 34.11%. The company earned $94.40 million during the quarter, compared to analyst estimates of $93.74 million. During the same quarter last year, the firm earned $0.65 EPS. The business’s revenue was up 23.2% on a year-over-year basis. On average, equities research analysts anticipate that MarketAxess Holdings, Inc. will post $4.01 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 23rd. Shareholders of record on Thursday, February 9th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, February 7th. This is an increase from MarketAxess Holdings’s previous quarterly dividend of $0.26. MarketAxess Holdings’s payout ratio is currently 39.40%.

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Institutional investors have recently added to or reduced their stakes in the company. FDx Advisors Inc. acquired a new stake in shares of MarketAxess Holdings during the second quarter worth $221,000. Paloma Partners Management Co raised its position in MarketAxess Holdings by 578.2% in the second quarter. Paloma Partners Management Co now owns 74,462 shares of the company’s stock valued at $10,826,000 after buying an additional 63,483 shares during the period. Laurion Capital Management LP acquired a new position in MarketAxess Holdings during the second quarter valued at approximately $11,617,000. Loomis Sayles & Co. L P increased its stake in shares of MarketAxess Holdings by 5.8% in the second quarter. Loomis Sayles & Co. L P now owns 383,126 shares of the company’s stock worth $55,706,000 after buying an additional 20,927 shares in the last quarter. Finally, Columbia Wanger Asset Management LLC increased its stake in shares of MarketAxess Holdings by 177.2% in the second quarter. Columbia Wanger Asset Management LLC now owns 484,697 shares of the company’s stock worth $70,475,000 after buying an additional 309,860 shares in the last quarter. 89.11% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on MKTX. Macquarie raised shares of MarketAxess Holdings from an “underperform” rating to a “neutral” rating and set a $178.00 target price for the company in a report on Tuesday, January 31st. Credit Suisse Group began coverage on shares of MarketAxess Holdings in a report on Monday, November 21st. They issued a “sell” rating for the company. Zacks Investment Research raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a report on Thursday, January 5th. Goldman Sachs Group, Inc. (The) began coverage on shares of MarketAxess Holdings in a report on Friday, January 6th. They issued a “conviction-buy” rating and a $185.00 target price for the company. Finally, Raymond James Financial, Inc. raised shares of MarketAxess Holdings from a “market perform” rating to an “outperform” rating and set a $175.00 target price for the company in a report on Tuesday, January 3rd. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. MarketAxess Holdings currently has an average rating of “Buy” and a consensus target price of $175.17.

MarketAxess Holdings Company Profile

MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.

5 Day Chart for NASDAQ:MKTX

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