MarketAxess Holdings, Inc. (NASDAQ:MKTX) Director John Steinhardt sold 4,225 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $174.00, for a total value of $735,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of MarketAxess Holdings, Inc. (MKTX) traded up $4.15 during mid-day trading on Friday, hitting $180.40. The stock had a trading volume of 222,504 shares, compared to its average volume of 205,215. The firm has a market capitalization of $6,620.00, a PE ratio of 44.72 and a beta of 0.66. MarketAxess Holdings, Inc. has a 12 month low of $145.10 and a 12 month high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.90 earnings per share for the quarter, meeting the consensus estimate of $0.90. The company had revenue of $96.70 million during the quarter, compared to analysts’ expectations of $96.35 million. MarketAxess Holdings had a return on equity of 30.12% and a net margin of 37.67%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. equities analysts expect that MarketAxess Holdings, Inc. will post 3.91 earnings per share for the current year.
MarketAxess Holdings announced that its Board of Directors has approved a stock repurchase plan on Wednesday, October 25th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.32 annualized dividend and a dividend yield of 0.73%. MarketAxess Holdings’s payout ratio is 33.93%.
Several institutional investors have recently made changes to their positions in MKTX. Teachers Advisors LLC boosted its position in shares of MarketAxess Holdings by 3.7% during the 1st quarter. Teachers Advisors LLC now owns 37,686 shares of the financial services provider’s stock valued at $7,066,000 after purchasing an additional 1,358 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of MarketAxess Holdings by 1.1% during the 2nd quarter. Capstone Asset Management Co. now owns 5,056 shares of the financial services provider’s stock valued at $1,017,000 after purchasing an additional 57 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of MarketAxess Holdings by 5.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,846 shares of the financial services provider’s stock valued at $2,784,000 after purchasing an additional 656 shares in the last quarter. CrestPoint Capital Management LLC boosted its position in shares of MarketAxess Holdings by 6.7% during the 2nd quarter. CrestPoint Capital Management LLC now owns 1,600 shares of the financial services provider’s stock valued at $322,000 after purchasing an additional 100 shares in the last quarter. Finally, Crow Point Partners LLC boosted its position in shares of MarketAxess Holdings by 299.4% during the 2nd quarter. Crow Point Partners LLC now owns 2,512 shares of the financial services provider’s stock valued at $511,000 after purchasing an additional 1,883 shares in the last quarter. Institutional investors own 90.18% of the company’s stock.
Several brokerages have recently weighed in on MKTX. Zacks Investment Research cut MarketAxess Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. BidaskClub cut MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Raymond James Financial, Inc. increased their price target on MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $192.40.
MarketAxess Holdings Company Profile
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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