MarketAxess Holdings Inc. (MKTX) Stock Price Up 1.4%
MarketAxess Holdings Inc. (NASDAQ:MKTX) shares rose 1.4% during trading on Tuesday . The stock traded as high as $152.09 and last traded at $152.03, with a volume of 208,244 shares trading hands. The stock had previously closed at $149.97.
MKTX has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Thursday, April 7th. William Blair started coverage on shares of MarketAxess Holdings in a research report on Monday, June 20th. They set a “market perform” rating for the company. Credit Suisse Group AG reiterated a “sell” rating on shares of MarketAxess Holdings in a report on Tuesday, June 28th. Keefe, Bruyette & Woods upped their price target on shares of MarketAxess Holdings from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, April 8th. Finally, Raymond James Financial Inc. downgraded shares of MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $122.00.
The firm’s 50 day moving average price is $144.23 and its 200-day moving average price is $126.05. The company has a market capitalization of $5.71 billion and a price-to-earnings ratio of 56.94.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The company had revenue of $88.60 million for the quarter, compared to the consensus estimate of $89.12 million. During the same period in the previous year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. Analysts anticipate that MarketAxess Holdings Inc. will post $3.16 EPS for the current fiscal year.
In related news, Director David G. Gomach sold 4,923 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $139.03, for a total value of $684,444.69. Following the completion of the transaction, 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 can be accessed through this link. Also, CEO Richard M. Mcvey sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $127.21, for a total transaction of $10,176,800.00. Following the completion of the transaction, 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 and institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. increased its position in shares of MarketAxess Holdings by 6.1% in the fourth quarter. Baillie Gifford & Co. now owns 1,647,335 shares of the company’s stock valued at $183,826,000 after buying an additional 94,405 shares during the last quarter. Liberty Mutual Group Asset Management Inc. purchased a new position in shares of MarketAxess Holdings during the fourth quarter valued at approximately $2,685,000. KBC Group increased its position in shares of MarketAxess Holdings by 57.2% in the third quarter. KBC Group now owns 37,017 shares of the company’s stock valued at $3,438,000 after buying an additional 13,462 shares during the last quarter. ProShare Advisors LLC increased its position in shares of 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. Finally, OppenheimerFunds Inc. increased its position in shares of MarketAxess Holdings by 22.2% in the fourth quarter. OppenheimerFunds Inc. now owns 511,819 shares of the company’s stock valued at $57,114,000 after buying an additional 92,817 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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