MarketAxess Holdings, Inc. (NASDAQ:MKTX) – Research analysts at William Blair reduced their Q3 2017 earnings per share estimates for shares of MarketAxess Holdings in a report released on Monday. William Blair analyst C. Shutler now expects that the financial services provider will earn $0.90 per share for the quarter, down from their previous forecast of $0.94. William Blair also issued estimates for MarketAxess Holdings’ FY2017 earnings at $4.06 EPS, Q1 2018 earnings at $1.31 EPS, Q2 2018 earnings at $1.17 EPS, Q3 2018 earnings at $1.09 EPS, Q4 2018 earnings at $1.21 EPS and FY2018 earnings at $4.79 EPS.
MKTX has been the subject of several other research reports. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a report on Monday, September 11th. BidaskClub cut shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Raymond James Financial, Inc. upped their target price on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $205.00 target price on shares of MarketAxess Holdings in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $192.40.
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Shares of MarketAxess Holdings (NASDAQ MKTX) opened at 187.65 on Tuesday. MarketAxess Holdings has a 1-year low of $145.10 and a 1-year high of $211.06. The stock’s 50 day moving average is $184.32 and its 200 day moving average is $190.97. The firm has a market capitalization of $7.04 billion, a P/E ratio of 49.36 and a beta of 0.71.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The business had revenue of $97.31 million during the quarter, compared to the consensus estimate of $96.42 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year.
In related news, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were 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 in the company, valued at approximately $220,110,245.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.02% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Prudential Financial Inc. boosted its stake in MarketAxess Holdings by 328.8% during the 2nd quarter. Prudential Financial Inc. now owns 137,410 shares of the financial services provider’s stock worth $27,634,000 after purchasing an additional 105,366 shares during the period. Marshall Wace North America L.P. acquired a new stake in MarketAxess Holdings during the 2nd quarter worth $1,506,000. Victory Capital Management Inc. boosted its stake in MarketAxess Holdings by 4.3% during the 2nd quarter. Victory Capital Management Inc. now owns 86,344 shares of the financial services provider’s stock worth $17,364,000 after purchasing an additional 3,544 shares during the period. SG Americas Securities LLC boosted its stake in MarketAxess Holdings by 17.9% during the 2nd quarter. SG Americas Securities LLC now owns 7,440 shares of the financial services provider’s stock worth $1,496,000 after purchasing an additional 1,130 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in MarketAxess Holdings by 11.4% during the 2nd quarter. Pacer Advisors Inc. now owns 5,523 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 564 shares during the period. Hedge funds and other institutional investors own 91.20% of the company’s stock.
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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