MarketAxess Holdings Inc. (MKTX) Sets New 1-Year High at $163.65
MarketAxess Holdings Inc. (NASDAQ:MKTX) shares hit a new 52-week high on Monday . The stock traded as high as $163.65 and last traded at $162.69, with a volume of 90,665 shares. The stock had previously closed at $162.83.
MKTX has been the topic of several recent analyst reports. Credit Suisse Group AG reiterated a “sell” rating and set a $89.00 price objective on shares of MarketAxess Holdings in a report on Friday, April 29th. Zacks Investment Research raised shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 9th. 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. Citigroup Inc. downgraded shares of MarketAxess Holdings to a “market perform” rating in a research report on Friday, July 15th. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. downgraded shares of MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, July 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. MarketAxess Holdings currently has an average rating of “Hold” and an average price target of $136.25.
The stock has a market capitalization of $6.09 billion and a P/E ratio of 55.7785. The stock’s 50 day moving average is $150.08 and its 200 day moving average is $130.39.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. During the same period in the prior year, the business posted $0.64 EPS. The company earned $96.60 million during the quarter, compared to analysts’ expectations of $93.98 million. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. On average, analysts forecast that MarketAxess Holdings Inc. will post $3.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $1.04 dividend on an annualized basis and a yield of 0.64%.
In other MarketAxess Holdings news, Director David G. Gomach sold 4,923 shares of the firm’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 directly owns 486 shares in the company, valued at approximately $67,568.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard M. Mcvey sold 80,000 shares of the firm’s stock in a transaction dated 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 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 large investors have made changes to their positions in MKTX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of MarketAxess Holdings during the fourth quarter worth approximately $1,207,000. Employees Retirement System of Texas acquired a new stake in shares of MarketAxess Holdings during the fourth quarter worth approximately $1,339,000. US Bancorp DE raised its stake in shares of MarketAxess Holdings by 7.8% in the fourth quarter. US Bancorp DE now owns 21,901 shares of the company’s stock worth $2,444,000 after buying an additional 1,577 shares during the last quarter. Mutual of America Capital Management LLC acquired a new stake in shares of MarketAxess Holdings during the fourth quarter worth approximately $2,794,000. Finally, WBI Investments Inc. acquired a new stake in shares of MarketAxess Holdings during the fourth quarter worth approximately $4,528,000.
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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