MarketAxess Holdings Inc. (MKTX) Sets New 52-Week High at $165.06
MarketAxess Holdings Inc. (NASDAQ:MKTX)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $165.06 and last traded at $164.70, with a volume of 56,040 shares. The stock had previously closed at $162.22.
A number of equities analysts recently commented on MKTX shares. Credit Suisse Group AG reaffirmed a “sell” rating on shares of MarketAxess Holdings in a research note on Tuesday, June 28th. Keefe, Bruyette & Woods boosted their price target on MarketAxess Holdings from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. William Blair assumed coverage on MarketAxess Holdings in a research note on Monday, June 20th. They issued a “market perform” rating on the stock. Zacks Investment Research raised MarketAxess Holdings from a “hold” rating to a “strong-buy” rating and set a $172.00 price target on the stock in a research note on Tuesday, July 19th. Finally, Raymond James Financial Inc. lowered MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. MarketAxess Holdings has a consensus rating of “Hold” and an average price target of $136.25.
The stock has a market capitalization of $6.19 billion and a PE ratio of 56.72. The company’s 50 day moving average is $153.11 and its 200-day moving average is $132.51.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.85 by $0.03. The firm had revenue of $96.60 million for the quarter, compared to the consensus estimate of $93.98 million. MarketAxess Holdings’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. Analysts expect that MarketAxess Holdings Inc. will post $3.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.63%.
In other news, Director David G. Gomach sold 4,923 shares of the 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 transaction, 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 through the SEC website. Also, CEO Richard M. Mcvey sold 30,000 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $162.33, for a total value of $4,869,900.00. Following the transaction, the chief executive officer now owns 1,091,457 shares in the company, valued at $177,176,214.81. The disclosure for this sale can be found here.
Several institutional investors have recently made changes to their positions in MKTX. Employees Retirement System of Texas purchased a new position in shares of MarketAxess Holdings during the fourth quarter valued at approximately $1,339,000. US Bancorp DE raised its position in MarketAxess Holdings by 7.8% in the fourth quarter. US Bancorp DE now owns 21,901 shares of the company’s stock valued at $2,444,000 after buying an additional 1,577 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in MarketAxess Holdings during the fourth quarter valued at about $21,367,000. RS Investment Management Co. LLC raised its position in MarketAxess Holdings by 28.5% in the fourth quarter. RS Investment Management Co. LLC now owns 521,317 shares of the company’s stock valued at $58,174,000 after buying an additional 115,712 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in MarketAxess Holdings by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 649,410 shares of the company’s stock valued at $72,469,000 after buying an additional 2,529 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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