MarketAxess (NASDAQ:MKTX)‘s stock had its “hold” rating reiterated by investment analysts at Barclays in a research note issued on Wednesday, AnalystRatings.com reports. They presently have a $375.00 target price on the financial services provider’s stock. Barclays‘s price target suggests a potential upside of 1.35% from the company’s current price.
MKTX has been the topic of several other reports. Argus began coverage on MarketAxess in a report on Thursday, August 29th. They issued a “hold” rating on the stock. Deutsche Bank lifted their price objective on MarketAxess from $364.00 to $382.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Jefferies Financial Group upped their price target on MarketAxess from $318.00 to $339.00 and gave the company a “hold” rating in a research note on Friday, September 27th. Buckingham Research increased their target price on shares of MarketAxess from $241.00 to $249.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Finally, BidaskClub cut shares of MarketAxess from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. MarketAxess presently has a consensus rating of “Hold” and a consensus target price of $310.17.
Shares of MKTX opened at $370.00 on Wednesday. The stock’s 50-day moving average price is $373.36 and its 200-day moving average price is $352.45. The company has a quick ratio of 9.47, a current ratio of 9.47 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 80.96 and a beta of 0.18. MarketAxess has a 52 week low of $199.04 and a 52 week high of $421.45.
MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.17. The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $130.00 million. MarketAxess had a net margin of 40.58% and a return on equity of 30.89%. The business’s revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the company earned $1.02 EPS. As a group, equities analysts anticipate that MarketAxess will post 5.42 EPS for the current fiscal year.
In related news, insider Nicholas Themelis sold 4,000 shares of MarketAxess stock in a transaction on Friday, November 8th. The shares were sold at an average price of $348.66, for a total transaction of $1,394,640.00. Following the sale, the insider now directly owns 49,314 shares in the company, valued at approximately $17,193,819.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $348.56, for a total transaction of $6,971,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,045,795 shares of the company’s stock, valued at $364,522,305.20. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock valued at $9,237,665 in the last 90 days. Company insiders own 3.28% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in MarketAxess by 128.2% in the first quarter. FMR LLC now owns 127,669 shares of the financial services provider’s stock valued at $31,417,000 after purchasing an additional 71,732 shares during the period. Strs Ohio acquired a new stake in shares of MarketAxess in the 2nd quarter worth $335,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of MarketAxess in the 2nd quarter worth $36,000. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of MarketAxess by 344.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,450 shares of the financial services provider’s stock valued at $2,073,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of MarketAxess by 187.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,215 shares of the financial services provider’s stock valued at $1,998,000 after acquiring an additional 4,053 shares in the last quarter. Institutional investors own 96.09% 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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