MarketAxess Holdings Inc. (MKTX) Hits New 1-Year High at $153.97
MarketAxess Holdings Inc. (NASDAQ:MKTX) hit a new 52-week high on Monday . The company 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.
A number of equities research analysts have weighed in on MKTX shares. Zacks Investment Research upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a report on Thursday, April 7th. Credit Suisse Group AG restated a “sell” rating on shares of MarketAxess Holdings in a report on Tuesday, June 28th. William Blair started coverage on MarketAxess Holdings in a report on Monday, June 20th. They set a “market perform” rating for the company. Raymond James Financial Inc. downgraded MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, July 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on MarketAxess Holdings from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, April 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $122.00.
The firm has a 50-day moving average of $145.84 and a 200-day moving average of $127.67. The firm has a market cap of $5.77 billion and a price-to-earnings ratio of 57.57.
MarketAxess Holdings (NASDAQ:MKTX) last announced its earnings results on Wednesday, April 27th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by $0.01. During the same period in the prior year, the company earned $0.65 earnings per share. The firm earned $88.60 million during the quarter, compared to analysts’ expectations of $89.12 million. The business’s quarterly revenue was up 15.5% on a year-over-year basis. Equities analysts expect that MarketAxess Holdings Inc. will post $3.16 EPS for the current year.
In other news, CEO Richard M. Mcvey sold 80,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 1,103,192 shares of the company’s stock, valued at approximately $140,337,054.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David G. Gomach sold 4,923 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was 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 disclosure for this sale can be found here.
Other hedge funds and institutional investors recently bought and sold shares of the company. Stephens Investment Management Group LLC bought a new position in MarketAxess Holdings during the fourth quarter worth $21,367,000. WBI Investments Inc. bought a new position in MarketAxess Holdings during the fourth quarter worth $4,528,000. Mutual of America Capital Management LLC bought a new position in MarketAxess Holdings during the fourth quarter worth $2,794,000. Aberdeen Asset Management PLC UK raised its position in MarketAxess Holdings by 56.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 69,101 shares of the company’s stock worth $6,188,000 after buying an additional 25,000 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. bought a new position in MarketAxess Holdings during the fourth quarter worth $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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