MarketAxess Holdings Inc. (MKTX) Reaches New 52-Week High at $172.66
MarketAxess Holdings Inc. (NASDAQ:MKTX) reached a new 52-week high on Monday . The company traded as high as $172.66 and last traded at $172.54, with a volume of 301,200 shares. The stock had previously closed at $169.53.
MKTX has been the subject of a number of recent research reports. Zacks Investment Research raised shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 16th. William Blair initiated coverage on shares of MarketAxess Holdings in a research note on Monday, June 20th. They set a “market perform” rating for the company. Raymond James Financial Inc. downgraded shares of MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Citigroup Inc. downgraded 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. Finally, Keefe, Bruyette & Woods boosted their price target 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $136.25.
The company’s 50 day moving average is $161.46 and its 200 day moving average is $138.42. The stock has a market capitalization of $6.49 billion and a PE ratio of 59.50.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The firm had revenue of $96.60 million for the quarter, compared to analyst estimates of $93.98 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. 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 was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were paid a $0.26 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.60%.
In other news, CEO Richard M. Mcvey sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,091,457 shares in the company, valued at approximately $177,176,214.81. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Antonio L. Delise sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $166.79, for a total transaction of $1,667,900.00. Following the completion of the sale, the chief financial officer now owns 59,494 shares in the company, valued at $9,923,004.26. 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 purchased a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 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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