MarketAxess (NASDAQ:MKTX) had its price objective reduced by Barclays from $375.00 to $372.00 in a research report sent to investors on Monday morning, AnalystRatings.com reports. They currently have an equal weight rating on the financial services provider’s stock.
A number of other analysts have also commented on the stock. BidaskClub lowered shares of MarketAxess from a buy rating to a hold rating in a research note on Friday, December 13th. ValuEngine lowered shares of MarketAxess from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Rosenblatt Securities reiterated a hold rating and issued a $343.00 price target on shares of MarketAxess in a research note on Friday, December 13th. Buckingham Research lifted their price target 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, Credit Suisse Group started coverage on shares of MarketAxess in a research note on Monday, December 16th. They issued a neutral rating for the company. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. MarketAxess presently has a consensus rating of Hold and a consensus price target of $329.00.
Shares of MarketAxess stock opened at $370.01 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.47 and a current ratio of 9.47. The stock has a market capitalization of $13.85 billion, a PE ratio of 80.96 and a beta of 0.17. MarketAxess has a 52-week low of $207.15 and a 52-week high of $421.45. The company has a 50-day simple moving average of $377.44 and a two-hundred day simple moving average of $363.52.
MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.17. MarketAxess had a net margin of 40.58% and a return on equity of 30.89%. The business had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $130.00 million. During the same period in the previous year, the company earned $1.02 earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, equities research analysts forecast that MarketAxess will post 5.39 EPS for the current fiscal year.
In other news, CFO Antonio L. Delise sold 2,500 shares of MarketAxess stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $348.73, for a total value of $871,825.00. Following the completion of the sale, the chief financial officer now directly owns 44,157 shares in the company, valued at $15,398,870.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Themelis sold 4,000 shares of MarketAxess stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $348.66, for a total transaction of $1,394,640.00. Following the completion of the sale, the insider now owns 49,314 shares of the company’s stock, valued at $17,193,819.24. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock valued at $9,237,665 over the last quarter. Company insiders own 3.28% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quest Capital Management Inc. ADV bought a new stake in MarketAxess during the third quarter valued at approximately $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in MarketAxess during the third quarter valued at approximately $29,000. Squar Milner Financial Services LLC grew its position in MarketAxess by 1,250.0% during the third quarter. Squar Milner Financial Services LLC now owns 108 shares of the financial services provider’s stock valued at $35,000 after buying an additional 100 shares during the period. Capital Bank & Trust Co grew its position in MarketAxess by 25.0% during the second quarter. Capital Bank & Trust Co now owns 210 shares of the financial services provider’s stock valued at $67,000 after buying an additional 42 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its position in MarketAxess by 57.0% during the second quarter. Harvest Fund Management Co. Ltd now owns 347 shares of the financial services provider’s stock valued at $112,000 after buying an additional 126 shares during the period. Institutional investors own 96.07% of the company’s stock.
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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