Media stories about MarketAxess Holdings (NASDAQ:MKTX) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MarketAxess Holdings earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.0835988453379 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Analysts Delving into the Numbers on MarketAxess Holdings, Inc. (NASDAQ:MKTX – Evergreen Caller (evergreencaller.com)
- MarketAxess Holdings, Inc. (MKTX) Stock Rating Reaffirmed by Keefe, Bruyette & Woods (americanbankingnews.com)
- MarketAxess to Host Conference Call Announcing 2017 Second Quarter Results on Wednesday, July 26, 2017 – GuruFocus.com (gurufocus.com)
- Marketaxess Holdings Inc (MKTX) Touches $193.75, Above the Rising Trend – Evergreen Caller (evergreencaller.com)
Several equities research analysts have recently issued reports on MKTX shares. Zacks Investment Research lowered shares of MarketAxess Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 28th. BidaskClub raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $210.00 target price on shares of MarketAxess Holdings in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $189.83.
MarketAxess Holdings (NASDAQ MKTX) opened at 190.45 on Tuesday. The firm has a market cap of $7.15 billion, a P/E ratio of 51.72 and a beta of 0.70. The company’s 50 day moving average is $195.67 and its 200 day moving average is $183.31. MarketAxess Holdings has a 52-week low of $145.10 and a 52-week high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.16. The firm had revenue of $103.90 million for the quarter, compared to the consensus estimate of $102.52 million. MarketAxess Holdings had a net margin of 36.26% and a return on equity of 30.39%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Equities research analysts forecast that MarketAxess Holdings will post $4.01 EPS for the current fiscal year.
In other MarketAxess Holdings news, insider Kevin M. Mcpherson sold 9,286 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $201.35, for a total value of $1,869,736.10. Following the sale, the insider now owns 90,929 shares of the company’s stock, valued at $18,308,554.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard M. Mcvey sold 27,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $191.20, for a total transaction of $5,162,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,082,844 shares in the company, valued at approximately $207,039,772.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,112 shares of company stock worth $11,912,518. 4.51% of the stock is owned by insiders.
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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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