ValuEngine upgraded shares of MarketAxess (NASDAQ:MKTX) from a buy rating to a strong-buy rating in a research report report published on Monday, ValuEngine reports.

A number of other equities analysts have also weighed in on the company. BidaskClub upgraded MarketAxess from a hold rating to a buy rating in a research report on Friday, March 22nd. Rosenblatt Securities started coverage on MarketAxess in a research report on Monday, April 15th. They issued a neutral rating and a $255.00 price target for the company. Barclays increased their price target on MarketAxess from $218.00 to $244.00 and gave the company an equal weight rating in a research report on Thursday, April 25th. Finally, Zacks Investment Research lowered MarketAxess from a hold rating to a sell rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a strong buy rating to the company’s stock. MarketAxess currently has a consensus rating of Hold and an average price target of $232.33.

NASDAQ:MKTX opened at $294.22 on Monday. The stock has a market cap of $11.23 billion, a P/E ratio of 64.38, a PEG ratio of 11.65 and a beta of 0.18. MarketAxess has a 52-week low of $172.09 and a 52-week high of $299.00. The company has a current ratio of 10.82, a quick ratio of 10.82 and a debt-to-equity ratio of 0.14.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.02. MarketAxess had a return on equity of 29.88% and a net margin of 39.84%. The business had revenue of $124.49 million during the quarter, compared to analyst estimates of $125.43 million. During the same quarter last year, the company posted $1.27 EPS. MarketAxess’s revenue for the quarter was up 8.5% on a year-over-year basis. Sell-side analysts anticipate that MarketAxess will post 5.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were given a $0.51 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.69%. MarketAxess’s dividend payout ratio (DPR) is 44.64%.

In other MarketAxess news, insider Kevin M. Mcpherson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $278.50, for a total transaction of $1,114,000.00. Following the completion of the sale, the insider now directly owns 87,317 shares in the company, valued at approximately $24,317,784.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $281.14, for a total value of $5,622,800.00. Following the sale, the chief executive officer now owns 1,006,289 shares of the company’s stock, valued at $282,908,089.46. The disclosure for this sale can be found here. Insiders sold a total of 27,489 shares of company stock valued at $7,684,753 in the last quarter. 3.52% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. GYL Financial Synergies LLC purchased a new stake in shares of MarketAxess during the 1st quarter worth about $248,000. Cleararc Capital Inc. purchased a new stake in shares of MarketAxess during the 1st quarter worth about $238,000. FMR LLC raised its stake in shares of MarketAxess by 128.2% during the 1st quarter. FMR LLC now owns 127,669 shares of the financial services provider’s stock worth $31,417,000 after purchasing an additional 71,732 shares in the last quarter. Ashford Capital Management Inc. raised its stake in shares of MarketAxess by 6.1% during the 1st quarter. Ashford Capital Management Inc. now owns 89,191 shares of the financial services provider’s stock worth $21,948,000 after purchasing an additional 5,110 shares in the last quarter. Finally, BlueCrest Capital Management Ltd raised its stake in shares of MarketAxess by 319.3% during the 1st quarter. BlueCrest Capital Management Ltd now owns 11,334 shares of the financial services provider’s stock worth $2,789,000 after purchasing an additional 8,631 shares in the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.

MarketAxess Company Profile

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 firms the access to global liquidity in U.S.

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Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

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