MarketAxess Holdings Director Unloads $282,600 in Stock (MKTX)
MarketAxess Holdings (NASDAQ:MKTX) Director David G. Gomach sold 5,000 shares of MarketAxess Holdings stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $56.52, for a total value of $282,600.00. Following the completion of the transaction, the director now directly owns 1,604 shares in the company, valued at approximately $90,658. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on MKTX shares. Analysts at Zacks upgraded shares of MarketAxess Holdings from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 31st. 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 analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $45.00.
Shares of MarketAxess Holdings (NASDAQ:MKTX) traded up 0.19% on Wednesday, hitting $56.58. 190,625 shares of the company’s stock traded hands. MarketAxess Holdings has a 1-year low of $47.26 and a 1-year high of $71.62. The stock’s 50-day moving average is $53.30 and its 200-day moving average is $56.40. The company has a market cap of $2.122 billion and a price-to-earnings ratio of 27.82.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.48 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.51 earnings per share. MarketAxess Holdings’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that MarketAxess Holdings will post $1.87 earnings per share 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 1.13%. 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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