MarketAxess Holdings Inc. (NASDAQ:MKTX) Given Average Rating of “Hold” by Analysts

MarketAxess Holdings Inc. (NASDAQ:MKTX) has been assigned an average recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $252.80.

MKTX has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Bank of America began coverage on shares of MarketAxess in a report on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 price objective for the company. Barclays lowered their price objective on shares of MarketAxess from $239.00 to $236.00 and set an “equal weight” rating for the company in a report on Monday, April 8th. Rosenblatt Securities lowered their price objective on shares of MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a report on Thursday, February 1st. Finally, Piper Sandler lowered their price objective on shares of MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a report on Friday, April 12th.

MarketAxess Trading Up 0.4 %

Shares of NASDAQ:MKTX opened at $204.01 on Monday. The company has a 50 day moving average of $216.43 and a 200 day moving average of $237.73. The stock has a market cap of $7.67 billion, a P/E ratio of 29.78, a P/E/G ratio of 4.26 and a beta of 0.98. MarketAxess has a 12 month low of $199.34 and a 12 month high of $336.56.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.11. MarketAxess had a net margin of 34.29% and a return on equity of 21.76%. The business had revenue of $197.20 million during the quarter, compared to analyst estimates of $196.70 million. During the same period in the previous year, the business posted $1.58 earnings per share. MarketAxess’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities analysts forecast that MarketAxess will post 7.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of MarketAxess stock in a transaction on Friday, February 16th. The shares were sold at an average price of $221.26, for a total value of $442,520.00. Following the transaction, the executive now directly owns 70,092 shares of the company’s stock, valued at $15,508,555.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP increased its position in MarketAxess by 347.6% during the 4th quarter. Allworth Financial LP now owns 94 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Clear Street Markets LLC increased its position in MarketAxess by 94.6% during the 1st quarter. Clear Street Markets LLC now owns 72 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Gladius Capital Management LP increased its position in MarketAxess by 39.6% during the 3rd quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 38 shares during the period. VitalStone Financial LLC purchased a new position in MarketAxess during the 1st quarter valued at $31,000. Finally, Parallel Advisors LLC increased its position in MarketAxess by 155.8% during the 4th quarter. Parallel Advisors LLC now owns 110 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 67 shares during the period. 99.01% of the stock is owned by hedge funds and other institutional investors.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.