MarketAxess Holdings Inc. (NASDAQ:MKTX) Director Sells $34,404.60 in Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) Director Stephen P. Casper sold 102 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $337.30, for a total transaction of $34,404.60. Following the sale, the director now owns 13,157 shares in the company, valued at $4,437,856.10. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of MKTX stock opened at $333.99 on Wednesday. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 73.08, a PEG ratio of 12.96 and a beta of 0.18. MarketAxess Holdings Inc. has a 12 month low of $172.09 and a 12 month high of $342.98. The company has a current ratio of 10.82, a quick ratio of 10.82 and a debt-to-equity ratio of 0.14.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. The firm had revenue of $124.49 million during the quarter, compared to analysts’ expectations of $125.43 million. MarketAxess had a net margin of 39.84% and a return on equity of 29.88%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 earnings per share. On average, research analysts anticipate that MarketAxess Holdings Inc. will post 5.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Tuesday, May 7th. MarketAxess’s payout ratio is 44.64%.

MKTX has been the topic of several analyst reports. BidaskClub upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Zacks Investment Research upgraded shares of MarketAxess from a “hold” rating to a “buy” rating and set a $261.00 price objective on the stock in a research note on Tuesday, March 19th. Barclays increased their price objective on shares of MarketAxess from $218.00 to $244.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Rosenblatt Securities assumed coverage on shares of MarketAxess in a research report on Monday, April 15th. They set a “neutral” rating and a $255.00 target price for the company. Finally, Buckingham Research increased their target price on shares of MarketAxess from $241.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a strong buy rating to the company’s stock. MarketAxess has a consensus rating of “Hold” and an average target price of $234.14.

Several institutional investors have recently modified their holdings of the company. Townsquare Capital LLC bought a new stake in shares of MarketAxess in the fourth quarter worth about $235,000. Campbell Newman Asset Management Inc. raised its holdings in MarketAxess by 2.4% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 2,725 shares of the financial services provider’s stock worth $671,000 after acquiring an additional 63 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in MarketAxess by 12.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 14,776 shares of the financial services provider’s stock worth $3,122,000 after purchasing an additional 1,624 shares during the period. Chartwell Investment Partners LLC grew its position in shares of MarketAxess by 5.0% during the 1st quarter. Chartwell Investment Partners LLC now owns 2,551 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 122 shares during the period. Finally, Chesapeake Wealth Management bought a new position in MarketAxess in the 1st quarter worth $538,000. Institutional investors and hedge funds own 99.19% of the company’s stock.

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MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.

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

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