MarketAxess Holdings, Inc. (MKTX) Stock Rating Lowered by BidaskClub
MarketAxess Holdings, Inc. (NASDAQ:MKTX) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
Several other analysts have also recently commented on the stock. Raymond James Financial, Inc. raised their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “buy” rating and set a $210.00 price target on shares of MarketAxess Holdings in a report on Friday, July 14th. Finally, Zacks Investment Research cut shares of MarketAxess Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $197.17.
Shares of MarketAxess Holdings (NASDAQ MKTX) traded up 0.25% during trading on Wednesday, reaching $192.98. 238,898 shares of the company traded hands. MarketAxess Holdings has a 12 month low of $145.10 and a 12 month high of $211.06. The firm has a market capitalization of $7.24 billion, a PE ratio of 50.76 and a beta of 0.69. The firm has a 50-day moving average price of $198.29 and a 200-day moving average price of $192.59.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.92 by $0.08. The business had revenue of $97.31 million during the quarter, compared to analysts’ expectations of $96.42 million. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. Equities research analysts anticipate that MarketAxess Holdings will post $4.12 EPS for the current year.
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In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess Holdings stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total value of $3,972,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,108,142 shares in the company, valued at $220,110,245.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin M. Mcpherson sold 9,286 shares of MarketAxess Holdings stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the completion of the sale, the insider now owns 90,929 shares of the company’s stock, valued at $18,308,554.15. The disclosure for this sale can be found here. Insiders sold 34,882 shares of company stock valued at $6,966,237 over the last quarter. Corporate insiders own 4.51% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. American International Group Inc. boosted its stake in MarketAxess Holdings by 3.8% in the first quarter. American International Group Inc. now owns 75,058 shares of the financial services provider’s stock worth $14,073,000 after buying an additional 2,781 shares during the period. Swiss National Bank boosted its stake in MarketAxess Holdings by 0.3% in the first quarter. Swiss National Bank now owns 62,106 shares of the financial services provider’s stock worth $11,644,000 after buying an additional 200 shares during the period. Canada Pension Plan Investment Board boosted its stake in MarketAxess Holdings by 185.0% in the first quarter. Canada Pension Plan Investment Board now owns 5,700 shares of the financial services provider’s stock worth $1,069,000 after buying an additional 3,700 shares during the period. Vanguard Group Inc. boosted its stake in MarketAxess Holdings by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,855,565 shares of the financial services provider’s stock worth $535,390,000 after buying an additional 134,735 shares during the period. Finally, Driehaus Capital Management LLC boosted its stake in MarketAxess Holdings by 78.9% in the first quarter. Driehaus Capital Management LLC now owns 7,282 shares of the financial services provider’s stock worth $1,365,000 after buying an additional 3,212 shares during the period. Hedge funds and other institutional investors own 90.36% of the company’s stock.
About MarketAxess Holdings
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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