Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) have been given a consensus rating of “Buy” by the eight brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $192.40.
A number of research firms recently weighed in on MKTX. BidaskClub raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Raymond James Financial, Inc. boosted their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $210.00 price target on shares of MarketAxess Holdings in a research note on Friday, July 14th. Finally, Zacks Investment Research cut shares of MarketAxess Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 10th.
In related news, Director Stephen P. Casper sold 230 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $184.70, for a total transaction of $42,481.00. Following the completion of the transaction, the director now owns 50,464 shares in the company, valued at $9,320,700.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 1,108,142 shares of the company’s stock, valued at approximately $220,110,245.46. The disclosure for this sale can be found here. Insiders have sold 35,112 shares of company stock valued at $7,008,718 in the last 90 days. 4.51% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in MarketAxess Holdings during the fourth quarter valued at about $855,000. Teachers Advisors LLC raised its stake in MarketAxess Holdings by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 36,328 shares of the financial services provider’s stock valued at $5,337,000 after buying an additional 3,221 shares during the period. Highbridge Capital Management LLC raised its stake in MarketAxess Holdings by 603.2% in the fourth quarter. Highbridge Capital Management LLC now owns 47,493 shares of the financial services provider’s stock valued at $6,977,000 after buying an additional 40,739 shares during the period. CrestPoint Capital Management LLC raised its stake in MarketAxess Holdings by 7.1% in the first quarter. CrestPoint Capital Management LLC now owns 1,500 shares of the financial services provider’s stock valued at $281,000 after buying an additional 100 shares during the period. Finally, Capstone Asset Management Co. raised its stake in MarketAxess Holdings by 0.6% in the first quarter. Capstone Asset Management Co. now owns 4,999 shares of the financial services provider’s stock valued at $937,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.
Shares of MarketAxess Holdings (NASDAQ:MKTX) opened at 195.41 on Monday. MarketAxess Holdings has a 52 week low of $145.10 and a 52 week high of $211.06. The firm has a 50 day moving average of $199.16 and a 200 day moving average of $191.77. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 51.40 and a beta of 0.69.
MarketAxess Holdings (NASDAQ:MKTX) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.08. The company had revenue of $97.31 million during the quarter, compared to the consensus estimate of $96.42 million. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. Equities analysts predict that MarketAxess Holdings will post $4.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, August 8th. MarketAxess Holdings’s dividend payout ratio (DPR) is presently 34.65%.
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.
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