MarketAxess Holdings, Inc. (MKTX) Rating Lowered to Hold at BidaskClub
MarketAxess Holdings, Inc. (NASDAQ:MKTX) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.
A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered MarketAxess Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $190.00 price objective on shares of MarketAxess Holdings in a research note on Tuesday, April 4th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $186.50.
Shares of MarketAxess Holdings (MKTX) traded down 0.19% on Friday, reaching $201.39. The company’s stock had a trading volume of 173,944 shares. MarketAxess Holdings has a one year low of $134.84 and a one year high of $211.06. The firm has a 50-day moving average price of $192.86 and a 200 day moving average price of $181.72. The firm has a market capitalization of $7.56 billion, a PE ratio of 54.70 and a beta of 0.56.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.16. The business had revenue of $103.90 million during the quarter, compared to analyst estimates of $102.52 million. MarketAxess Holdings had a return on equity of 30.39% and a net margin of 36.26%. The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. On average, analysts anticipate that MarketAxess Holdings will post $4.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Tuesday, May 9th. MarketAxess Holdings’s dividend payout ratio (DPR) is presently 35.77%.
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In other news, insider Nicholas Themelis sold 5,596 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $200.84, for a total transaction of $1,123,900.64. Following the sale, the insider now directly owns 67,763 shares in the company, valued at approximately $13,609,520.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin M. Mcpherson sold 9,286 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $201.35, for a total value of $1,869,736.10. Following the sale, the insider now owns 90,929 shares in the company, valued at $18,308,554.15. The disclosure for this sale can be found here. Insiders have sold a total of 62,112 shares of company stock worth $11,912,518 over the last 90 days. Insiders own 4.51% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Puzo Michael J purchased a new stake in MarketAxess Holdings during the first quarter valued at about $212,000. Gardiner Nancy B purchased a new stake in MarketAxess Holdings during the first quarter valued at about $224,000. Independence Trust CO purchased a new stake in MarketAxess Holdings during the first quarter valued at about $240,000. WMS Partners LLC purchased a new stake in MarketAxess Holdings during the first quarter valued at about $243,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in MarketAxess Holdings during the first quarter valued at about $249,000. Institutional investors own 90.23% of the company’s stock.
About MarketAxess Holdings
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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