Analysts Set Expectations for MarketAxess Holdings Inc.’s FY2016 Earnings (MKTX)
MarketAxess Holdings Inc. (NASDAQ:MKTX) – Equities research analysts at William Blair lifted their FY2016 earnings per share (EPS) estimates for MarketAxess Holdings in a note issued to investors on Sunday. William Blair analyst C. Shutler now anticipates that the brokerage will post earnings of $3.23 per share for the year, up from their previous forecast of $3.21. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for MarketAxess Holdings’ Q4 2016 earnings at $0.81 EPS.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded MarketAxess Holdings from a “hold” rating to a “sell” rating in a report on Monday, June 27th. Citigroup Inc. downgraded MarketAxess Holdings to a “market perform” rating in a report on Friday, July 15th. They noted that the move was a valuation call. Raymond James Financial Inc. downgraded MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, July 15th. Credit Suisse Group AG reiterated a “sell” rating and set a $106.00 price target on shares of MarketAxess Holdings in a report on Friday, July 29th. Finally, Keefe, Bruyette & Woods upped their price objective on MarketAxess Holdings from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $140.75.
MarketAxess Holdings (NASDAQ:MKTX) opened at 156.89 on Tuesday. The stock’s 50 day moving average is $167.69 and its 200 day moving average is $147.60. The company has a market capitalization of $5.90 billion, a PE ratio of 54.10 and a beta of 0.65. MarketAxess Holdings has a 52 week low of $86.19 and a 52 week high of $178.21.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.03. The company earned $96.60 million during the quarter, compared to analysts’ expectations of $93.98 million. MarketAxess Holdings had a net margin of 32.52% and a return on equity of 27.14%. The business’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of MKTX. Oregon Public Employees Retirement Fund increased its position in MarketAxess Holdings by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 12,990 shares of the company’s stock valued at $2,151,000 after buying an additional 259 shares during the last quarter. KAMES CAPITAL plc increased its position in MarketAxess Holdings by 48.2% in the second quarter. KAMES CAPITAL plc now owns 9,666 shares of the company’s stock valued at $1,405,000 after buying an additional 3,142 shares during the last quarter. Mason Street Advisors LLC purchased a new position in MarketAxess Holdings during the second quarter valued at $2,491,000. Aristotle Capital Boston LLC increased its position in MarketAxess Holdings by 4.6% in the second quarter. Aristotle Capital Boston LLC now owns 25,861 shares of the company’s stock valued at $3,760,000 after buying an additional 1,138 shares during the last quarter. Finally, Sanctuary Wealth Advisors LLC increased its position in MarketAxess Holdings by 2.9% in the second quarter. Sanctuary Wealth Advisors LLC now owns 25,811 shares of the company’s stock valued at $3,753,000 after buying an additional 737 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.
In other news, CFO Antonio L. Delise sold 10,000 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $166.79, for a total transaction of $1,667,900.00. Following the completion of the transaction, the chief financial officer now owns 59,494 shares in the company, valued at approximately $9,923,004.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicholas Themelis sold 6,200 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $165.40, for a total value of $1,025,480.00. Following the transaction, the insider now owns 70,799 shares of the company’s stock, valued at approximately $11,710,154.60. The disclosure for this sale can be found here. Insiders own 4.51% of the company’s stock.
MarketAxess Holdings Company Profile
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.
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