MarketAxess Holdings Inc. (NASDAQ:MKTX) Given Consensus Recommendation of “Hold” by Analysts

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) have been assigned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $163.1818.

MKTX has been the subject of a number of research reports. Keefe, Bruyette & Woods initiated coverage on shares of MarketAxess in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 price target for the company. Morgan Stanley cut their price objective on MarketAxess from $195.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Weiss Ratings lowered MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Bank of America upgraded MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 target price for the company in a research note on Friday, June 12th. Finally, The Goldman Sachs Group dropped their price target on MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th.

MarketAxess Stock Down 1.5%

Shares of MarketAxess stock opened at $113.80 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.19. MarketAxess has a 12-month low of $108.75 and a 12-month high of $214.98. The company has a market cap of $4.04 billion, a P/E ratio of 13.45, a PEG ratio of 3.08 and a beta of 0.88. The company’s fifty day simple moving average is $123.23 and its two-hundred day simple moving average is $155.45.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Thursday, May 7th. The financial services provider reported $2.25 EPS for the quarter, topping the consensus estimate of $2.15 by $0.10. The firm had revenue of $233.38 million during the quarter, compared to analysts’ expectations of $231.91 million. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.87 EPS. Research analysts anticipate that MarketAxess will post 7.94 EPS for the current year.

Institutional Trading of MarketAxess

A number of hedge funds have recently modified their holdings of MKTX. MUFG Securities EMEA plc purchased a new stake in shares of MarketAxess in the 2nd quarter worth about $25,000. Geneos Wealth Management Inc. lifted its position in MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 80 shares during the period. Activest Wealth Management bought a new stake in MarketAxess during the fourth quarter worth about $28,000. Pacer Advisors Inc. increased its stake in shares of MarketAxess by 300.0% during the fourth quarter. Pacer Advisors Inc. now owns 280 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 210 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of MarketAxess by 111.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 311 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 164 shares in the last quarter. Institutional investors own 99.01% of the company’s stock.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.