MarketAxess Holdings, Inc. (NASDAQ:MKTX) has been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $183.60.
MKTX has been the subject of a number of recent analyst reports. Zacks Investment Research lowered MarketAxess Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 28th. BidaskClub lowered MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $190.00 price objective on shares of MarketAxess Holdings in a research note on Tuesday, April 4th.
Shares of MarketAxess Holdings (NASDAQ MKTX) opened at 194.92 on Monday. The stock’s 50 day moving average price is $198.56 and its 200-day moving average price is $187.25. MarketAxess Holdings has a 12 month low of $145.10 and a 12 month high of $211.06. The company has a market cap of $7.32 billion, a P/E ratio of 52.94 and a beta of 0.70.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.16. The firm had revenue of $103.90 million during the quarter, compared to analyst estimates of $102.52 million. MarketAxess Holdings had a return on equity of 30.39% and a net margin of 36.26%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 earnings per share. Equities research analysts expect that MarketAxess Holdings will post $4.01 earnings per share for the current year.
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In related news, insider Kevin M. Mcpherson sold 9,286 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the completion of the transaction, the insider now directly owns 90,929 shares of the company’s stock, valued at $18,308,554.15. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard M. Mcvey sold 27,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $191.20, for a total value of $5,162,400.00. Following the transaction, the chief executive officer now directly owns 1,082,844 shares of the company’s stock, valued at $207,039,772.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,112 shares of company stock valued at $11,912,518. 4.51% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Cutler Group LP purchased a new position in shares of MarketAxess Holdings during the second quarter worth approximately $110,000. Puzo Michael J purchased a new position in shares of MarketAxess Holdings during the first quarter worth approximately $212,000. Gardiner Nancy B purchased a new position in shares of MarketAxess Holdings during the first quarter worth approximately $224,000. Independence Trust CO purchased a new position in shares of MarketAxess Holdings during the first quarter worth approximately $240,000. Finally, WMS Partners LLC purchased a new position in shares of MarketAxess Holdings during the first quarter worth approximately $243,000. 89.83% of the stock is owned by institutional investors.
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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