MarketAxess Holdings Inc. (MKTX) Sets New 12-Month High at $168.97
MarketAxess Holdings Inc. (NASDAQ:MKTX) shares hit a new 52-week high during trading on Monday . The company traded as high as $168.97 and last traded at $167.51, with a volume of 84,540 shares trading hands. The stock had previously closed at $166.16.
A number of research analysts have recently commented on the stock. Credit Suisse Group AG reissued a “sell” rating and issued a $106.00 price objective on shares of MarketAxess Holdings in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 9th. Keefe, Bruyette & Woods raised their target price on shares of MarketAxess Holdings from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Raymond James Financial Inc. cut shares of MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Finally, Citigroup Inc. cut shares of 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 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 issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $136.25.
The firm has a market capitalization of $6.36 billion and a price-to-earnings ratio of 58.26. The firm has a 50 day moving average of $159.87 and a 200 day moving average of $137.73.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. During the same quarter in the previous year, the company posted $0.64 EPS. The business had revenue of $96.60 million for the quarter, compared to analyst estimates of $93.98 million. The business’s quarterly revenue was up 27.9% on a year-over-year basis. On average, equities analysts expect that MarketAxess Holdings Inc. will post $3.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $1.04 annualized dividend and a yield of 0.62%.
In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 30,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $162.33, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicholas Themelis sold 6,200 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $165.40, for a total transaction of $1,025,480.00. Following the transaction, the insider now owns 70,799 shares in the company, valued at approximately $11,710,154.60. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in MarketAxess Holdings stock. Employees Retirement System of Texas bought a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $1,339,000.
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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