MarketAxess Holdings, Inc. (MKTX) Stock Rating Upgraded by BidaskClub
MarketAxess Holdings, Inc. (NASDAQ:MKTX) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.
A number of other brokerages have also weighed in on MKTX. Zacks Investment Research lowered shares of MarketAxess Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 28th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $190.00 price objective on shares of MarketAxess Holdings in a report on Tuesday, April 4th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. MarketAxess Holdings has a consensus rating of “Buy” and an average price target of $186.50.
MarketAxess Holdings (MKTX) opened at 207.93 on Friday. MarketAxess Holdings has a 1-year low of $134.84 and a 1-year high of $209.46. The stock’s 50 day moving average is $192.43 and its 200 day moving average is $181.38. The company has a market cap of $7.80 billion, a P/E ratio of 56.47 and a beta of 0.56.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.16. The firm had revenue of $103.90 million during the quarter, compared to analyst estimates of $102.52 million. MarketAxess Holdings had a net margin of 36.26% and a return on equity of 30.39%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 EPS. Equities analysts anticipate that MarketAxess Holdings will post $4.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Investors of record on Thursday, May 11th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $1.32 dividend on an annualized basis and a yield of 0.63%. MarketAxess Holdings’s dividend payout ratio is currently 35.77%.
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In related news, insider Kevin M. Mcpherson sold 9,286 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the completion of the sale, the insider now directly owns 90,929 shares in the company, valued at approximately $18,308,554.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen P. Casper sold 230 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $184.70, for a total transaction of $42,481.00. Following the sale, the director now owns 50,464 shares of the company’s stock, valued at $9,320,700.80. The disclosure for this sale can be found here. Insiders have sold a total of 62,112 shares of company stock valued at $11,912,518 over the last quarter. 4.51% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Coldstream Capital Management Inc. raised its stake in MarketAxess Holdings by 1.9% in the first quarter. Coldstream Capital Management Inc. now owns 1,570 shares of the financial services provider’s stock worth $294,000 after buying an additional 30 shares in the last quarter. Capstone Asset Management Co. raised its stake in MarketAxess Holdings by 0.6% in the first quarter. Capstone Asset Management Co. now owns 4,999 shares of the financial services provider’s stock worth $937,000 after buying an additional 31 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in MarketAxess Holdings by 1.7% in the first quarter. Flagship Harbor Advisors LLC now owns 1,873 shares of the financial services provider’s stock worth $338,000 after buying an additional 31 shares in the last quarter. Tudor Investment Corp Et Al raised its stake in MarketAxess Holdings by 1.0% in the fourth quarter. Tudor Investment Corp Et Al now owns 3,471 shares of the financial services provider’s stock worth $510,000 after buying an additional 36 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its stake in MarketAxess Holdings by 2.8% in the fourth quarter. First Republic Investment Management Inc. now owns 1,430 shares of the financial services provider’s stock worth $210,000 after buying an additional 39 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.
MarketAxess Holdings Company Profile
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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