MarketAxess Holdings (MKTX) Given Daily News Impact Rating of 0.18
Media stories about MarketAxess Holdings (NASDAQ:MKTX) have been trending somewhat positive on Sunday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MarketAxess Holdings earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 47.0494051056191 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- [$$] Amsterdam shines as financial groups seek EU access (finance.yahoo.com)
- Ex-Dividend Reminder: Wintrust Financial, Heritage Financial and Marketaxess Holdings (nasdaq.com)
- [$$] Amsterdam gains another post-Brexit trading venue with Tradeweb (finance.yahoo.com)
- MarketAxess Announces Monthly Volume Statistics for July 2017 (finance.yahoo.com)
- Head to Head Survey: MarketAxess Holdings (MKTX) vs. CBOE Holdings (CBOE) (americanbankingnews.com)
A number of equities research analysts have recently weighed in on MKTX shares. Zacks Investment Research upgraded MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. BidaskClub upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $205.00 price objective on shares of MarketAxess Holdings in a research report on Thursday, July 6th. Finally, Raymond James Financial, Inc. lifted their price objective on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $197.17.
Shares of MarketAxess Holdings (NASDAQ:MKTX) opened at 206.01 on Friday. MarketAxess Holdings has a 12 month low of $145.10 and a 12 month high of $211.06. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 54.18 and a beta of 0.69. The stock has a 50 day moving average price of $200.12 and a 200-day moving average price of $190.23.
MarketAxess Holdings (NASDAQ:MKTX) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. The firm had revenue of $97.31 million for the quarter, compared to analysts’ expectations of $96.42 million. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Analysts expect that MarketAxess Holdings will post $4.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.64%. MarketAxess Holdings’s dividend payout ratio is 34.65%.
In related news, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $185.70, for a total value of $3,714,000.00. Following the transaction, the chief executive officer now owns 1,080,170 shares of the company’s stock, valued at $200,587,569. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen P. Casper sold 230 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $184.70, for a total value of $42,481.00. Following the completion of the transaction, the director now directly owns 50,464 shares in the company, valued at approximately $9,320,700.80. The disclosure for this sale can be found here. In the last three months, insiders sold 35,112 shares of company stock worth $6,750,118. 4.51% of the stock is owned by insiders.
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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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