FY2017 Earnings Forecast for MarketAxess Holdings Inc. (MKTX) Issued By William Blair
MarketAxess Holdings Inc. (NASDAQ:MKTX) – Research analysts at William Blair cut their FY2017 EPS estimates for MarketAxess Holdings in a note issued to investors on Sunday. William Blair analyst C. Shutler now forecasts that the brokerage will post earnings of $3.84 per share for the year, down from their prior forecast of $3.90. William Blair currently has a “Market Perform” rating on the stock.
A number of other equities research analysts have also recently commented on MKTX. Credit Suisse Group AG reissued a “sell” rating on shares of MarketAxess Holdings in a research note on Tuesday, June 28th. Keefe, Bruyette & Woods lifted their target price on MarketAxess Holdings from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Zacks Investment Research cut MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Raymond James Financial Inc. cut MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, July 15th. Finally, Citigroup Inc. cut MarketAxess Holdings to a “market perform” rating in a research report on Friday, July 15th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $140.75.
Shares of MarketAxess Holdings (NASDAQ:MKTX) traded up 0.43% on Wednesday, reaching $157.56. The company’s stock had a trading volume of 206,184 shares. MarketAxess Holdings has a 52-week low of $86.19 and a 52-week high of $178.21. The stock has a market cap of $5.93 billion, a P/E ratio of 54.33 and a beta of 0.65. The firm’s 50 day moving average is $167.69 and its 200-day moving average is $147.60.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/fy2017-earnings-forecast-for-marketaxess-holdings-inc-mktx-issued-by-william-blair.html
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. MarketAxess Holdings had a return on equity of 27.14% and a net margin of 32.52%. The firm had revenue of $96.60 million for the quarter, compared to analyst estimates of $93.98 million. During the same period in the prior year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis.
In related news, insider Nicholas Themelis sold 6,200 shares of MarketAxess Holdings stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $165.40, for a total transaction of $1,025,480.00. Following the sale, the insider now directly owns 70,799 shares in the company, valued at $11,710,154.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Antonio L. Delise sold 10,000 shares of MarketAxess Holdings stock in a transaction on Friday, August 19th. The stock was sold at an average price of $166.79, for a total value of $1,667,900.00. Following the sale, the chief financial officer now owns 59,494 shares in the company, valued at $9,923,004.26. The disclosure for this sale can be found here. Corporate insiders own 4.51% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Aristotle Capital Boston LLC raised its stake in shares of MarketAxess Holdings by 4.6% in the second quarter. Aristotle Capital Boston LLC now owns 25,861 shares of the company’s stock valued at $3,760,000 after buying an additional 1,138 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of MarketAxess Holdings by 6.4% in the first quarter. Geode Capital Management LLC now owns 258,446 shares of the company’s stock valued at $32,260,000 after buying an additional 15,645 shares during the last quarter. State Street Corp raised its stake in shares of MarketAxess Holdings by 2.8% in the first quarter. State Street Corp now owns 1,232,111 shares of the company’s stock valued at $153,799,000 after buying an additional 33,815 shares during the last quarter. I.G. Investment Management LTD. raised its stake in shares of MarketAxess Holdings by 1.7% in the second quarter. I.G. Investment Management LTD. now owns 5,941 shares of the company’s stock valued at $864,000 after buying an additional 98 shares during the last quarter. Finally, Credit Agricole S A purchased a new stake in shares of MarketAxess Holdings during the first quarter valued at about $8,489,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.
About MarketAxess Holdings
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.
Receive News & Ratings for MarketAxess Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.