Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) have been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $237.17.
MKTX has been the topic of several recent analyst reports. BidaskClub cut shares of MarketAxess from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th. Zacks Investment Research raised shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Barclays raised their target price on shares of MarketAxess from $244.00 to $289.00 and gave the company an “equal weight” rating in a report on Friday. Rosenblatt Securities assumed coverage on shares of MarketAxess in a report on Monday, April 15th. They issued a “neutral” rating and a $255.00 target price for the company. Finally, Buckingham Research lowered shares of MarketAxess from a “neutral” rating to an “underperform” rating and set a $245.00 target price for the company. in a report on Wednesday, June 12th.
Shares of MarketAxess stock traded up $5.08 on Monday, hitting $321.42. 7,603,180 shares of the company traded hands, compared to its average volume of 438,808. The firm has a market cap of $11.93 billion, a PE ratio of 70.33, a P/E/G ratio of 12.22 and a beta of 0.19. The company has a quick ratio of 10.82, a current ratio of 10.82 and a debt-to-equity ratio of 0.14. MarketAxess has a 52 week low of $172.09 and a 52 week high of $342.98. The company’s 50-day moving average price is $306.88.
MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.02. The firm had revenue of $124.49 million for the quarter, compared to analysts’ expectations of $125.43 million. MarketAxess had a net margin of 39.84% and a return on equity of 29.88%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 earnings per share. As a group, research analysts anticipate that MarketAxess will post 5.18 earnings per share for the current year.
In other MarketAxess news, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $281.14, for a total transaction of $5,622,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,006,289 shares of the company’s stock, valued at $282,908,089.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen P. Casper sold 102 shares of MarketAxess stock in a transaction on Friday, June 7th. The stock was sold at an average price of $337.30, for a total transaction of $34,404.60. Following the transaction, the director now directly owns 13,157 shares of the company’s stock, valued at $4,437,856.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,591 shares of company stock valued at $7,719,158. 3.28% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of MKTX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of MarketAxess by 0.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,639 shares of the financial services provider’s stock valued at $1,634,000 after purchasing an additional 42 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of MarketAxess by 1.8% during the first quarter. Evergreen Capital Management LLC now owns 2,697 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 48 shares during the period. Kornitzer Capital Management Inc. KS boosted its stake in shares of MarketAxess by 0.6% during the first quarter. Kornitzer Capital Management Inc. KS now owns 8,320 shares of the financial services provider’s stock valued at $2,047,000 after purchasing an additional 53 shares during the period. Campbell Newman Asset Management Inc. boosted its stake in shares of MarketAxess by 2.4% during the first quarter. Campbell Newman Asset Management Inc. now owns 2,725 shares of the financial services provider’s stock valued at $671,000 after purchasing an additional 63 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of MarketAxess by 0.3% during the first quarter. Arizona State Retirement System now owns 27,060 shares of the financial services provider’s stock valued at $6,659,000 after purchasing an additional 78 shares during the period. 99.19% of the stock is owned by institutional investors.
MarketAxess Company Profile
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.
Further Reading: What is insider trading?
Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.