Brokerages Set MarketAxess Holdings, Inc. (MKTX) PT at $192.40
Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) have earned an average rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $192.40.
MKTX has been the subject of several analyst reports. BidaskClub upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $210.00 target price on shares of MarketAxess Holdings in a report on Friday, July 14th. Zacks Investment Research upgraded MarketAxess Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. boosted their target price on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th.
In other news, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the sale, the chief executive officer now directly owns 1,108,142 shares in the company, valued at $220,110,245.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.02% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cutler Group LP bought a new stake in shares of MarketAxess Holdings during the second quarter valued at approximately $110,000. First Personal Financial Services increased its position in shares of MarketAxess Holdings by 2.6% during the second quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 16 shares during the period. GQG Partners LLC bought a new stake in shares of MarketAxess Holdings during the second quarter valued at approximately $127,000. Traynor Capital Management Inc. bought a new stake in shares of MarketAxess Holdings during the second quarter valued at approximately $203,000. Finally, Puzo Michael J bought a new stake in shares of MarketAxess Holdings during the first quarter valued at approximately $212,000. Institutional investors and hedge funds own 91.20% of the company’s stock.
Shares of MarketAxess Holdings (NASDAQ MKTX) traded down 0.91% during mid-day trading on Friday, reaching $187.65. 329,519 shares of the company’s stock traded hands. MarketAxess Holdings has a 1-year low of $145.10 and a 1-year high of $211.06. The firm has a 50-day moving average price of $184.32 and a 200-day moving average price of $190.97. The company has a market capitalization of $7.04 billion, a P/E ratio of 49.36 and a beta of 0.71.
MarketAxess Holdings (NASDAQ:MKTX) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The firm had revenue of $97.31 million during the quarter, compared to analyst estimates of $96.42 million. During the same period in the previous year, the company earned $0.88 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts forecast that MarketAxess Holdings will post $4.03 earnings per share for the current fiscal year.
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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