MarketAxess Holdings, Inc. (NASDAQ:MKTX) has received a consensus rating of “Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $192.40.

MKTX has been the subject of a number of research reports. BidaskClub raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $210.00 price objective on shares of MarketAxess Holdings in a research note on Friday, July 14th. Raymond James Financial, Inc. upped their price objective on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised shares of MarketAxess Holdings from a “hold” rating to a “strong-buy” rating and set a $221.00 price objective for the company in a research note on Monday, May 1st.

WARNING: “MarketAxess Holdings, Inc. (MKTX) Given Consensus Rating of “Buy” by Analysts” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.americanbankingnews.com/2017/08/18/marketaxess-holdings-inc-mktx-given-consensus-rating-of-buy-by-analysts.html.

In other MarketAxess Holdings news, insider Kevin M. Mcpherson sold 9,286 shares of the stock in a transaction 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 approximately $18,308,554.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the sale, the chief executive officer now directly owns 1,108,142 shares of the company’s stock, valued at approximately $220,110,245.46. The disclosure for this sale can be found here. Insiders have sold a total of 34,882 shares of company stock valued at $6,966,237 in the last three months. 4.51% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in MKTX. American International Group Inc. boosted its stake in shares of 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 valued at $14,073,000 after buying an additional 2,781 shares during the last quarter. Swiss National Bank boosted its stake in shares of MarketAxess Holdings by 0.3% in the first quarter. Swiss National Bank now owns 62,106 shares of the financial services provider’s stock valued at $11,644,000 after buying an additional 200 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of 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 valued at $1,365,000 after buying an additional 3,212 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of 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 valued at $1,069,000 after buying an additional 3,700 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of 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 valued at $535,390,000 after buying an additional 134,735 shares during the last quarter. 90.36% of the stock is owned by institutional investors and hedge funds.

Shares of MarketAxess Holdings (MKTX) opened at 192.03 on Friday. The firm has a 50-day moving average of $198.01 and a 200-day moving average of $192.58. MarketAxess Holdings has a 12 month low of $145.10 and a 12 month high of $211.06. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 50.51 and a beta of 0.69.

MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The company had revenue of $97.31 million during the quarter, compared to analysts’ expectations of $96.42 million. During the same quarter in the prior year, the company earned $0.88 EPS. The firm’s revenue was up .7% on a year-over-year basis. On average, analysts anticipate that MarketAxess Holdings will post $4.12 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.32 annualized dividend and a yield of 0.69%. MarketAxess Holdings’s payout ratio is currently 34.65%.

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.

Analyst Recommendations for MarketAxess Holdings (NASDAQ:MKTX)

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.