MarketAxess Holdings Inc. (MKTX) Reaches New 1-Year High at $151.40
MarketAxess Holdings Inc. (NASDAQ:MKTX) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $151.40 and last traded at $150.63, with a volume of 379,001 shares traded. The stock had previously closed at $144.59.
MKTX has been the topic of a number of research reports. Credit Suisse Group AG restated a “sell” rating and set a $89.00 price objective on shares of MarketAxess Holdings in a research report on Wednesday, April 6th. Zacks Investment Research upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Thursday, April 7th. Keefe, Bruyette & Woods boosted their price objective on MarketAxess Holdings from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, April 8th. Finally, William Blair initiated coverage on MarketAxess Holdings in a research report on Monday, June 20th. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. MarketAxess Holdings has a consensus rating of “Hold” and a consensus target price of $114.00.
The firm’s 50 day moving average price is $141.13 and its 200 day moving average price is $123.63. The company has a market cap of $5.61 billion and a PE ratio of 55.91.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.01. During the same period last year, the firm posted $0.65 earnings per share. The firm earned $88.60 million during the quarter, compared to the consensus estimate of $89.12 million. The firm’s revenue was up 15.5% on a year-over-year basis. On average, equities analysts anticipate that MarketAxess Holdings Inc. will post $3.07 EPS for the current fiscal year.
In related news, Director David G. Gomach sold 4,923 shares of MarketAxess Holdings stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $139.03, for a total transaction of $684,444.69. Following the completion of the sale, the director now directly owns 486 shares of the company’s stock, valued at approximately $67,568.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard M. Mcvey sold 80,000 shares of MarketAxess Holdings stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $127.21, for a total value of $10,176,800.00. Following the sale, the chief executive officer now directly owns 1,103,192 shares of the company’s stock, valued at $140,337,054.32. The disclosure for this sale can be found here.
A number of hedge funds have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in MarketAxess Holdings during the fourth quarter valued at $1,207,000. Oregon Public Employees Retirement Fund purchased a new stake in MarketAxess Holdings during the fourth quarter valued at $1,305,000. Quantitative Investment Management LLC boosted its stake in MarketAxess Holdings by 90.1% in the fourth quarter. Quantitative Investment Management LLC now owns 13,500 shares of the company’s stock valued at $1,506,000 after buying an additional 6,400 shares during the last quarter. State Treasurer State of Michigan purchased a new stake in MarketAxess Holdings during the fourth quarter valued at $1,640,000. Finally, ProShare Advisors LLC boosted its stake in MarketAxess Holdings by 48.4% in the fourth quarter. ProShare Advisors LLC now owns 15,001 shares of the company’s stock valued at $1,674,000 after buying an additional 4,895 shares during the last quarter.
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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