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.
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%.
This story was originally published by sleekmoney and is owned by of sleekmoney. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this story can be read at http://sleekmoney.com/marketaxess-holdings-inc-mktx-insider-sells-1970077-60-in-stock/1661951.html.
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.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/marketaxess-holdings-inc-mktx-insider-sells-1970077-60-in-stock/1661951.html
Receive News & Ratings for MarketAxess Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.