MarketAxess Holdings, Inc. to Post Q1 2018 Earnings of $1.32 Per Share, William Blair Forecasts (MKTX)
MarketAxess Holdings, Inc. (NASDAQ:MKTX) – Analysts at William Blair issued their Q1 2018 EPS estimates for MarketAxess Holdings in a research note issued to investors on Wednesday. William Blair analyst C. Shutler expects that the financial services provider will post earnings of $1.32 per share for the quarter. William Blair also issued estimates for MarketAxess Holdings’ Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.15 EPS and Q4 2018 earnings at $1.25 EPS.
Several other equities research analysts have also issued reports on MKTX. Raymond James Financial, Inc. raised their target price on MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. BidaskClub lowered MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $210.00 target price on shares of MarketAxess Holdings in a research report on Friday, July 14th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. MarketAxess Holdings currently has an average rating of “Buy” and a consensus target price of $192.40.
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MarketAxess Holdings (NASDAQ:MKTX) traded up 0.40% during trading on Thursday, reaching $184.77. 15,490 shares of the company’s stock were exchanged. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 48.60 and a beta of 0.71. The firm’s 50-day moving average price is $184.73 and its 200-day moving average price is $190.93. MarketAxess Holdings has a 12 month low of $145.10 and a 12 month high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping 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 firm had revenue of $97.31 million during the quarter, compared to analysts’ expectations of $96.42 million. During the same period in the previous year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in MKTX. Cutler Group LP purchased a new stake in MarketAxess Holdings in the 2nd quarter worth about $110,000. First Personal Financial Services increased its holdings in MarketAxess Holdings by 2.6% in the 2nd quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 16 shares during the last quarter. GQG Partners LLC purchased a new stake in MarketAxess Holdings in the 2nd quarter worth about $127,000. Traynor Capital Management Inc. purchased a new stake in MarketAxess Holdings in the 2nd quarter worth about $203,000. Finally, Puzo Michael J purchased a new stake in MarketAxess Holdings in the 1st quarter worth about $212,000. 91.20% of the stock is owned by institutional investors.
In related news, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess Holdings stock in a transaction dated Tuesday, August 8th. The stock was 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 owns 1,108,142 shares of the company’s stock, valued at approximately $220,110,245.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.02% of the company’s stock.
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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