Several brokerages have updated their recommendations and price targets on shares of MarketAxess Holdings (NASDAQ: MKTX) in the last few weeks:

  • 7/14/2017 – MarketAxess Holdings had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $210.00 price target on the stock.
  • 7/10/2017 – MarketAxess Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MarketAxess Holdings suffers from escalating expenses. The company’s operation is also hurt by stringent regulation of U.S and U.K. Intense competition remains another headwind. However, underwriting results have been consistently impressive driven by growth in revenues, improving trading volumes, ongoing investments in areas including Open Trading, launch of products and its strong market position in the U.S. credit. Also, it continues to benefit from its international business, with strength in both emerging markets and Eurobond spaces. Year to date, the stock has gained 37% outperforming the Zacks Security Exchange Industry that rose only 12%.”
  • 7/6/2017 – MarketAxess Holdings had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $205.00 price target on the stock.
  • 6/27/2017 – MarketAxess Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MarketAxess Holdings’ underwriting results have been consistently impressive driven by growth in revenues, improving trading volumes, ongoing investments in areas including Open Trading, launch of products and its strong market position in the U.S. credit. Also, it continues to benefit from its international business, with strength in both emerging markets and Eurobond spaces. Year to date, the stock has gained 37% outperforming the Zacks Security Exchange Industry that rose only 12%. The Zacks Consensus Estimate is pegged at $1.00 for the to-be-reported quarter reflecting 13.64% year over year increase. The same has also revised upward for both 2017 and 2018. However, it severely suffers from escalating expenses. The company’s operation is also hurt by stringent regulation of U.S and U.K. Intense competition remains another headwind.”
  • 6/24/2017 – MarketAxess Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/16/2017 – MarketAxess Holdings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 190.45 on Tuesday. MarketAxess Holdings, Inc. has a one year low of $145.10 and a one year high of $211.06. The firm has a 50-day moving average of $195.67 and a 200-day moving average of $183.31. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 51.72 and a beta of 0.70.

MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.16. MarketAxess Holdings had a net margin of 36.26% and a return on equity of 30.39%. The firm had revenue of $103.90 million during the quarter, compared to the consensus estimate of $102.52 million. During the same period in the prior year, the firm earned $0.77 EPS. The business’s revenue was up 17.3% on a year-over-year basis. Analysts anticipate that MarketAxess Holdings, Inc. will post $4.01 EPS for the current year.

In other news, 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 transaction of $1,869,736.10. Following the completion of the transaction, the insider now directly owns 90,929 shares of the company’s stock, valued at approximately $18,308,554.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the insider now directly owns 67,763 shares of the company’s stock, valued at $13,609,520.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,112 shares of company stock valued at $11,912,518. Insiders own 4.51% of the company’s stock.

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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