Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) have received a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $192.40.

MKTX has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $205.00 price objective on shares of MarketAxess Holdings in a report on Thursday, July 6th. Zacks Investment Research lowered MarketAxess Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. BidaskClub raised MarketAxess Holdings from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Raymond James Financial, Inc. upped their target price on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th.

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Shares of MarketAxess Holdings (NASDAQ MKTX) opened at 174.00 on Wednesday. The stock has a 50 day moving average of $184.01 and a 200-day moving average of $191.18. MarketAxess Holdings has a 1-year low of $145.10 and a 1-year high of $211.06. The firm has a market capitalization of $6.53 billion, a P/E ratio of 45.77 and a beta of 0.71.

MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.90 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.90. MarketAxess Holdings had a return on equity of 30.12% and a net margin of 37.67%. The company had revenue of $96.70 million during the quarter, compared to analyst estimates of $96.35 million. During the same quarter in the previous year, the firm earned $0.82 earnings per share. MarketAxess Holdings’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts expect that MarketAxess Holdings will post $3.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, November 7th. MarketAxess Holdings’s dividend payout ratio is currently 33.93%.

MarketAxess Holdings announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 25th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

In other news, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $198.63, for a total transaction 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 $220,110,245.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.02% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its stake in shares of MarketAxess Holdings by 2.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 45,967 shares of the financial services provider’s stock valued at $8,481,000 after purchasing an additional 970 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of MarketAxess Holdings by 20.2% during the third quarter. Canada Pension Plan Investment Board now owns 11,900 shares of the financial services provider’s stock valued at $2,196,000 after purchasing an additional 2,000 shares during the period. Victory Capital Management Inc. boosted its stake in shares of MarketAxess Holdings by 21.1% during the third quarter. Victory Capital Management Inc. now owns 104,585 shares of the financial services provider’s stock valued at $19,297,000 after purchasing an additional 18,241 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of MarketAxess Holdings during the third quarter valued at approximately $1,014,000. Finally, First Quadrant L P CA boosted its stake in shares of MarketAxess Holdings by 122.8% during the third quarter. First Quadrant L P CA now owns 23,801 shares of the financial services provider’s stock valued at $4,392,000 after purchasing an additional 13,116 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

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)

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