Insider Selling: MarketAxess Holdings Director Unloads 1,930 Shares of Stock (MKTX)
MarketAxess Holdings (NASDAQ:MKTX) Director Stephen P. Casper unloaded 1,930 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $57.05, for a total transaction of $110,106.50. Following the transaction, the director now directly owns 41,499 shares of the company’s stock, valued at approximately $2,367,518. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on MKTX. Analysts at Zacks upgraded shares of MarketAxess Holdings from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $58.00 price target on the stock. Separately, analysts at Raymond James upgraded shares of MarketAxess Holdings from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $63.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of MarketAxess Holdings from $53.00 to $50.00 in a research note on Friday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. MarketAxess Holdings currently has a consensus rating of “Hold” and a consensus price target of $45.00.
MarketAxess Holdings (NASDAQ:MKTX) traded down 0.68% on Friday, hitting $55.85. The stock had a trading volume of 172,414 shares. MarketAxess Holdings has a 52-week low of $47.26 and a 52-week high of $71.62. The stock has a 50-day moving average of $53.03 and a 200-day moving average of $56.81. The company has a market cap of $2.095 billion and a P/E ratio of 27.70.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $65.00 million for the quarter, compared to the consensus estimate of $64.57 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that MarketAxess Holdings will post $1.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, August 5th.
MarketAxess Holdings Inc (NASDAQ:MKTX) operates an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments.
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