MarketAxess Holdings Inc. (MKTX) Reaches New 1-Year High at $153.97
Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) reached a new 52-week high on Monday . The stock traded as high as $153.97 and last traded at $153.11, with a volume of 79,945 shares. The stock had previously closed at $152.74.
MKTX has been the topic of a number of recent analyst reports. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $89.00 price objective on shares of MarketAxess Holdings in a research note on Wednesday, April 6th. Zacks Investment Research raised MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Thursday, April 7th. Keefe, Bruyette & Woods lifted their price objective on MarketAxess Holdings from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, April 8th. William Blair initiated coverage on MarketAxess Holdings in a research note on Monday, June 20th. They issued a “market perform” rating on the stock. Finally, Citigroup Inc. lowered MarketAxess Holdings to a “market perform” rating in a research note on Friday, July 15th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $122.00.
The stock’s 50-day moving average is $145.20 and its 200 day moving average is $126.73. The firm has a market cap of $5.76 billion and a PE ratio of 57.4606.
MarketAxess Holdings (NASDAQ:MKTX) last issued 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. During the same period in the prior year, the firm earned $0.65 earnings per share. The company earned $88.60 million during the quarter, compared to the consensus estimate of $89.12 million. MarketAxess Holdings’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that MarketAxess Holdings Inc. will post $3.16 EPS for the current year.
In other MarketAxess Holdings news, Director David G. Gomach sold 4,923 shares of the business’s stock in a transaction dated 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 owns 486 shares of the company’s stock, valued at $67,568.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard M. Mcvey sold 80,000 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were 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 approximately $140,337,054.32. The disclosure for this sale can be found here.
Other hedge funds recently added to or reduced their stakes in the company. KBC Group raised its stake in 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 in 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. New York State Common Retirement Fund increased its position in shares of MarketAxess Holdings by 2.9% in the fourth quarter. New York State Common Retirement Fund now owns 60,395 shares of the company’s stock valued at $6,739,000 after buying an additional 1,700 shares during the last quarter. Quantitative Investment Management LLC increased its position in shares of 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. Finally, Liberty Mutual Group Asset Management Inc. acquired a new position in shares of MarketAxess Holdings during the fourth quarter valued at approximately $2,685,000.
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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