MarketAxess Holdings, Inc. (NASDAQ:MKTX) Receives Consensus Rating of “Buy” from Brokerages
Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $183.60.
Several equities research analysts have recently issued reports on MKTX shares. Zacks Investment Research lowered MarketAxess Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 28th. BidaskClub lowered MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $190.00 target price on shares of MarketAxess Holdings in a research report on Tuesday, April 4th.
MarketAxess Holdings (MKTX) opened at 194.92 on Monday. The firm’s 50-day moving average is $198.56 and its 200-day moving average is $187.25. MarketAxess Holdings has a 52-week low of $145.10 and a 52-week high of $211.06. The company has a market capitalization of $7.32 billion, a PE ratio of 52.94 and a beta of 0.70.
MarketAxess Holdings (NASDAQ:MKTX) last announced its earnings results on Wednesday, April 26th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.16. MarketAxess Holdings had a return on equity of 30.39% and a net margin of 36.26%. The firm had revenue of $103.90 million during the quarter, compared to analyst estimates of $102.52 million. During the same period last year, the firm posted $0.77 EPS. The business’s revenue was up 17.3% compared to the same quarter last year. On average, equities research analysts forecast that MarketAxess Holdings will post $4.01 EPS for the current year.
In other MarketAxess Holdings news, Director Stephen P. Casper sold 230 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $184.70, for a total value of $42,481.00. Following the completion of the transaction, the director now owns 50,464 shares in the company, valued at approximately $9,320,700.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin M. Mcpherson sold 9,286 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $201.35, for a total value of $1,869,736.10. Following the completion of the transaction, the insider now owns 90,929 shares of the company’s stock, valued at approximately $18,308,554.15. The disclosure for this sale can be found here. Insiders have sold a total of 62,112 shares of company stock valued at $11,912,518 in the last quarter. 4.51% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Coldstream Capital Management Inc. increased its position in shares of MarketAxess Holdings by 1.9% in the first quarter. Coldstream Capital Management Inc. now owns 1,570 shares of the financial services provider’s stock valued at $294,000 after buying an additional 30 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of MarketAxess Holdings by 0.6% in the first quarter. Capstone Asset Management Co. now owns 4,999 shares of the financial services provider’s stock valued at $937,000 after buying an additional 31 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in shares of MarketAxess Holdings by 1.7% in the first quarter. Flagship Harbor Advisors LLC now owns 1,873 shares of the financial services provider’s stock valued at $338,000 after buying an additional 31 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of MarketAxess Holdings by 2.1% in the first quarter. Suntrust Banks Inc. now owns 4,302 shares of the financial services provider’s stock valued at $806,000 after buying an additional 89 shares in the last quarter. Finally, Commerce Bank increased its position in shares of MarketAxess Holdings by 1.4% in the first quarter. Commerce Bank now owns 6,627 shares of the financial services provider’s stock valued at $1,243,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.
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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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