MarketAxess (NASDAQ:MKTX) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.

MKTX has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. ValuEngine raised shares of MarketAxess from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Barclays started coverage on shares of MarketAxess in a research report on Friday, September 7th. They set an “equal weight” rating and a $200.00 target price on the stock. Finally, Goldman Sachs Group started coverage on shares of MarketAxess in a research report on Monday, November 5th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $211.63.

NASDAQ MKTX opened at $224.73 on Friday. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 57.62, a price-to-earnings-growth ratio of 9.86 and a beta of 0.09. MarketAxess has a one year low of $172.09 and a one year high of $229.84.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.09. The business had revenue of $101.44 million for the quarter, compared to the consensus estimate of $101.19 million. MarketAxess had a net margin of 37.97% and a return on equity of 29.40%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS. As a group, equities research analysts expect that MarketAxess will post 4.51 earnings per share for the current fiscal year.

In other news, CEO Richard M. Mcvey sold 23,842 shares of MarketAxess stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $211.93, for a total value of $5,052,835.06. Following the transaction, the chief executive officer now owns 1,054,986 shares of the company’s stock, valued at approximately $223,583,182.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kevin M. Mcpherson sold 2,500 shares of MarketAxess stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $216.89, for a total transaction of $542,225.00. The disclosure for this sale can be found here. 3.52% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Vectors Research Management LLC purchased a new position in shares of MarketAxess in the 3rd quarter worth approximately $100,000. First Hawaiian Bank purchased a new position in shares of MarketAxess in the 3rd quarter worth approximately $113,000. Alps Advisors Inc. purchased a new position in shares of MarketAxess in the 2nd quarter worth approximately $205,000. Commerce Bank purchased a new position in shares of MarketAxess in the 3rd quarter worth approximately $217,000. Finally, Atria Investments LLC grew its position in shares of MarketAxess by 25.6% in the 3rd quarter. Atria Investments LLC now owns 1,358 shares of the financial services provider’s stock worth $242,000 after buying an additional 277 shares during the last quarter. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.

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Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

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