MarketAxess Holdings, Inc. (NASDAQ:MKTX) Director David G. Gomach sold 7,553 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $204.90, for a total transaction of $1,547,609.70. Following the completion of the sale, the director now owns 259 shares in the company, valued at approximately $53,069.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of MarketAxess opened at $210.31 on Wednesday, MarketBeat.com reports. The firm has a market cap of $7.84 billion, a PE ratio of 53.93 and a beta of 0.57. MarketAxess Holdings, Inc. has a 52 week low of $171.45 and a 52 week high of $229.84.
MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. The company had revenue of $114.71 million for the quarter, compared to analyst estimates of $114.45 million. MarketAxess had a net margin of 37.61% and a return on equity of 29.82%. MarketAxess’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 earnings per share. research analysts forecast that MarketAxess Holdings, Inc. will post 4.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 23rd. Stockholders of record on Wednesday, May 9th will be issued a dividend of $0.42 per share. The ex-dividend date is Tuesday, May 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.80%. MarketAxess’s dividend payout ratio (DPR) is presently 43.08%.
A number of brokerages have weighed in on MKTX. BidaskClub upgraded shares of MarketAxess from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 16th. Zacks Investment Research lowered shares of MarketAxess from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. ValuEngine lowered shares of MarketAxess from a “buy” rating to a “hold” rating in a report on Friday, April 27th. Sandler O’Neill reiterated a “hold” rating and set a $215.00 price target on shares of MarketAxess in a report on Wednesday, April 4th. Finally, Keefe, Bruyette & Woods lowered shares of MarketAxess from an “outperform” rating to a “market perform” rating in a report on Thursday, April 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. MarketAxess currently has a consensus rating of “Hold” and a consensus price target of $214.50.
Several large investors have recently modified their holdings of MKTX. Baillie Gifford & Co. lifted its holdings in MarketAxess by 13.1% in the first quarter. Baillie Gifford & Co. now owns 3,661,066 shares of the financial services provider’s stock valued at $796,062,000 after buying an additional 424,108 shares during the period. Alliancebernstein L.P. lifted its holdings in MarketAxess by 34.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,137,345 shares of the financial services provider’s stock valued at $229,459,000 after buying an additional 292,437 shares during the period. American Century Companies Inc. lifted its holdings in MarketAxess by 41.5% in the first quarter. American Century Companies Inc. now owns 751,413 shares of the financial services provider’s stock valued at $163,387,000 after buying an additional 220,391 shares during the period. Allianz Asset Management GmbH lifted its holdings in MarketAxess by 106.0% in the fourth quarter. Allianz Asset Management GmbH now owns 396,862 shares of the financial services provider’s stock valued at $80,067,000 after buying an additional 204,205 shares during the period. Finally, BlackRock Inc. lifted its holdings in MarketAxess by 6.1% in the first quarter. BlackRock Inc. now owns 3,293,808 shares of the financial services provider’s stock valued at $716,206,000 after buying an additional 189,575 shares during the period. Institutional investors own 98.68% of the company’s stock.
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 the access to global liquidity in U.S.
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