MarketAxess Holdings Inc. (NASDAQ:MKTX)‘s stock had its “underperform” rating reaffirmed by stock analysts at Credit Suisse Group AG in a research note issued to investors on Sunday. They currently have a $158.00 price target on the stock. Credit Suisse Group AG’s price objective would indicate a potential downside of 6.76% from the stock’s current price.

Several other equities analysts have also commented on the company. Zacks Investment Research lowered MarketAxess Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Keefe, Bruyette & Woods upped their target price on MarketAxess Holdings from $165.00 to $175.00 and gave the company an “outperform” rating in a report 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. MarketAxess Holdings presently has an average rating of “Hold” and a consensus target price of $153.75.

Analyst Recommendations for MarketAxess Holdings (NASDAQ:MKTX)

MarketAxess Holdings (NASDAQ:MKTX) opened at 169.46 on Friday. The company’s 50-day moving average price is $156.59 and its 200 day moving average price is $153.25. The firm has a market capitalization of $6.37 billion, a PE ratio of 54.49 and a beta of 0.66. MarketAxess Holdings has a one year low of $98.00 and a one year high of $178.21.

MarketAxess Holdings (NASDAQ:MKTX) last posted its earnings results on Wednesday, October 26th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The company earned $90.30 million during the quarter, compared to analyst estimates of $90.51 million. MarketAxess Holdings had a return on equity of 27.83% and a net margin of 33.37%. The business’s revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the company 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th will be given a $0.26 dividend. The ex-dividend date is Monday, November 7th. This represents a $1.04 dividend on an annualized basis and a yield of 0.61%. MarketAxess Holdings’s dividend payout ratio (DPR) is 33.33%.

In other MarketAxess Holdings news, 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 completion of the sale, the insider now directly owns 70,799 shares in the company, valued at $11,710,154.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.51% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Scout Investments Inc. purchased a new stake in MarketAxess Holdings during the second quarter worth $19,502,000. Aristotle Capital Boston LLC increased its stake in MarketAxess Holdings by 4.6% in the second quarter. Aristotle Capital Boston LLC now owns 25,861 shares of the company’s stock worth $3,760,000 after buying an additional 1,138 shares during the period. Geode Capital Management LLC increased its stake in MarketAxess Holdings by 6.4% in the first quarter. Geode Capital Management LLC now owns 258,446 shares of the company’s stock worth $32,260,000 after buying an additional 15,645 shares during the period. I.G. Investment Management LTD. increased its stake in MarketAxess Holdings by 1.7% in the second quarter. I.G. Investment Management LTD. now owns 5,941 shares of the company’s stock worth $864,000 after buying an additional 98 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in MarketAxess Holdings during the second quarter worth $160,000. Hedge funds and other institutional investors own 92.60% 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.

5 Day Chart for NASDAQ:MKTX

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