MarketAxess (NASDAQ:MKTX) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, December 13th, BidAskClub reports.
A number of other equities analysts have also weighed in on MKTX. Buckingham Research upped their target price on MarketAxess from $241.00 to $249.00 and gave the stock an “underperform” rating in a research report on Thursday, October 3rd. ValuEngine lowered MarketAxess from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays reaffirmed a “hold” rating and set a $375.00 target price on shares of MarketAxess in a research report on Wednesday, December 11th. Deutsche Bank upped their price target on MarketAxess from $364.00 to $382.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Finally, Argus began coverage on MarketAxess in a report on Thursday, August 29th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $329.50.
MKTX traded down $0.20 during trading on Friday, hitting $380.05. The company’s stock had a trading volume of 191,635 shares, compared to its average volume of 273,867. MarketAxess has a twelve month low of $206.79 and a twelve month high of $421.45. The company has a quick ratio of 9.47, a current ratio of 9.47 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $383.41 and its 200-day moving average price is $360.61. The firm has a market capitalization of $14.36 billion, a P/E ratio of 83.16 and a beta of 0.17.
MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.17. MarketAxess had a return on equity of 30.89% and a net margin of 40.58%. The firm had revenue of $131.60 million for the quarter, compared to analyst estimates of $130.00 million. During the same period in the previous year, the firm earned $1.02 earnings per share. The company’s revenue was up 29.8% compared to the same quarter last year. Equities research analysts expect that MarketAxess will post 5.4 EPS for the current fiscal year.
In other MarketAxess news, CEO Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $348.56, for a total value of $6,971,200.00. Following the completion of the transaction, the chief executive officer now owns 1,045,795 shares in the company, valued at approximately $364,522,305.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Themelis sold 4,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $348.66, for a total value of $1,394,640.00. Following the completion of the transaction, the insider now owns 49,314 shares of the company’s stock, valued at approximately $17,193,819.24. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock valued at $9,237,665 in the last 90 days. Corporate insiders own 3.28% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. FMR LLC grew its stake in shares of MarketAxess by 128.2% during the 1st quarter. FMR LLC now owns 127,669 shares of the financial services provider’s stock worth $31,417,000 after acquiring an additional 71,732 shares during the period. Strs Ohio purchased a new stake in shares of MarketAxess in the 2nd quarter valued at about $335,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of MarketAxess in the 2nd quarter valued at about $36,000. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of MarketAxess by 344.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,450 shares of the financial services provider’s stock valued at $2,073,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MarketAxess by 187.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,215 shares of the financial services provider’s stock valued at $1,998,000 after acquiring an additional 4,053 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.
About MarketAxess
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.
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