Short Interest in MarketAxess Holdings Inc. (MKTX) Declines By 32.0%
MarketAxess Holdings Inc. (NASDAQ:MKTX) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 369,131 shares, a decline of 32.0% from the October 14th total of 543,162 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 227,600 shares, the short-interest ratio is currently 1.6 days.
Several analysts have recently weighed in on MKTX shares. Zacks Investment Research lowered shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Credit Suisse Group AG restated a “sell” rating and issued a $106.00 price target on shares of MarketAxess Holdings in a research report on Friday, July 29th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of MarketAxess Holdings from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Three equities 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. MarketAxess Holdings presently has an average rating of “Hold” and an average target price of $140.75.
In other news, CFO Antonio L. Delise sold 10,000 shares of MarketAxess Holdings stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $166.79, for a total transaction of $1,667,900.00. Following the sale, the chief financial officer now directly owns 59,494 shares in the company, valued at approximately $9,923,004.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicholas Themelis sold 6,200 shares of MarketAxess Holdings stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $165.40, for a total transaction of $1,025,480.00. Following the sale, the insider now owns 70,799 shares in the company, valued at $11,710,154.60. The disclosure for this sale can be found here. Insiders own 4.51% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new position in MarketAxess Holdings during the second quarter worth approximately $103,000. Cantab Capital Partners LLP acquired a new position in MarketAxess Holdings during the second quarter worth approximately $116,000. Advisors Preferred LLC raised its position in 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 MarketAxess Holdings during the second quarter worth approximately $160,000. Finally, Bank of Montreal Can acquired a new position in MarketAxess Holdings during the second quarter worth approximately $177,000. 92.98% of the stock is currently owned by institutional investors.
MarketAxess Holdings (NASDAQ:MKTX) opened at 161.92 on Monday. The company has a market capitalization of $6.08 billion, a P/E ratio of 52.06 and a beta of 0.66. The firm has a 50 day moving average of $157.24 and a 200-day moving average of $151.87. MarketAxess Holdings has a 52 week low of $98.00 and a 52 week high of $178.21.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The company had revenue of $90.30 million for the quarter, compared to analyst estimates of $90.51 million. MarketAxess Holdings had a net margin of 33.37% and a return on equity of 27.83%. The company’s revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, analysts forecast that MarketAxess Holdings will post $3.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th will be given a $0.26 dividend. 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 payout ratio 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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