MarketAxess Holdings Inc. (MKTX) Receives Average Recommendation of “Hold” from Brokerages
MarketAxess Holdings Inc. (NASDAQ:MKTX) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $124.33.
MKTX has been the subject of several recent analyst reports. Zacks Investment Research upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Thursday, September 15th. Raymond James Financial Inc. cut MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Citigroup Inc. cut MarketAxess Holdings to a “market perform” rating in a research note on Friday, July 15th. They noted that the move was a valuation call. Keefe, Bruyette & Woods boosted 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. Finally, Credit Suisse Group AG reiterated a “sell” rating and issued a $106.00 price objective on shares of MarketAxess Holdings in a research note on Friday, July 29th.
In other news, CFO Antonio L. Delise sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 59,494 shares in the company, valued at $9,923,004.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Themelis sold 6,200 shares of the company’s stock in a transaction that occurred 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 sale, 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.
Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of MarketAxess Holdings during the second quarter worth $103,000. Cantab Capital Partners LLP acquired a new position in shares of MarketAxess Holdings during the second quarter worth $116,000. Advisors Preferred LLC raised its position in shares of MarketAxess Holdings by 1,064.0% in the third quarter. Advisors Preferred LLC now owns 1,001 shares of the company’s stock worth $166,000 after buying an additional 915 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of MarketAxess Holdings during the second quarter worth $160,000. Finally, Bank of Montreal Can acquired a new position in shares of MarketAxess Holdings during the second quarter worth $177,000. Institutional investors and hedge funds own 92.98% of the company’s stock.
Shares of MarketAxess Holdings (NASDAQ:MKTX) opened at 161.92 on Monday. MarketAxess Holdings has a 1-year low of $98.00 and a 1-year high of $178.21. The company has a 50-day moving average of $157.24 and a 200-day moving average of $151.87. The firm has a market cap of $6.08 billion, a PE ratio of 52.06 and a beta of 0.66.
MarketAxess Holdings (NASDAQ:MKTX) last posted its earnings results on Wednesday, October 26th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. The firm earned $90.30 million during the quarter, compared to analysts’ expectations of $90.51 million. MarketAxess Holdings had a return on equity of 27.83% and a net margin of 33.37%. The firm’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Analysts predict that MarketAxess Holdings will post $3.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, November 7th. MarketAxess Holdings’s dividend payout ratio (DPR) is presently 33.33%.
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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