MarketAxess Holdings, Inc. (MKTX) Receives Average Recommendation of “Buy” from Analysts
Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) have been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $192.40.
A number of analysts recently commented on the company. BidaskClub raised MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Raymond James Financial, Inc. increased their price objective on MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered MarketAxess Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $205.00 price objective on shares of MarketAxess Holdings in a research note on Thursday, July 6th.
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Shares of MarketAxess Holdings (NASDAQ:MKTX) opened at 187.45 on Friday. The firm has a market cap of $7.04 billion, a PE ratio of 49.30 and a beta of 0.71. The firm’s 50-day moving average is $184.41 and its 200 day moving average is $190.89. MarketAxess Holdings has a 52 week low of $145.10 and a 52 week high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. The business had revenue of $97.31 million during the quarter, compared to analysts’ expectations of $96.42 million. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share. Equities research analysts forecast that MarketAxess Holdings will post $4.04 EPS for the current year.
In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $198.63, for a total value of $3,972,600.00. Following the sale, the chief executive officer now directly owns 1,108,142 shares of the company’s stock, valued at approximately $220,110,245.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.02% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of MarketAxess Holdings by 16,586.2% in the 1st quarter. BlackRock Inc. now owns 3,000,674 shares of the financial services provider’s stock valued at $562,595,000 after purchasing an additional 2,982,691 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of MarketAxess Holdings by 178.5% in the 2nd quarter. Janus Henderson Group PLC now owns 807,088 shares of the financial services provider’s stock valued at $162,306,000 after purchasing an additional 517,309 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of MarketAxess Holdings in the 2nd quarter valued at about $32,252,000. Vanguard Group Inc. lifted its stake in shares of MarketAxess Holdings by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 2,855,565 shares of the financial services provider’s stock valued at $535,390,000 after purchasing an additional 134,735 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of MarketAxess Holdings by 5.1% in the 2nd quarter. Baillie Gifford & Co. now owns 2,752,949 shares of the financial services provider’s stock valued at $553,618,000 after purchasing an additional 134,588 shares in the last quarter. 91.20% of the stock is currently owned by hedge funds and other institutional investors.
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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