Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) hit a new 52-week high on Monday . The stock traded as high as $262.18 and last traded at $260.21, with a volume of 181544 shares trading hands. The stock had previously closed at $259.85.
MKTX has been the subject of several research analyst reports. Zacks Investment Research lowered MarketAxess from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Buckingham Research started coverage on MarketAxess in a report on Thursday, January 10th. They set a “neutral” rating for the company. Finally, BidaskClub lowered MarketAxess from a “buy” rating to a “hold” rating in a report on Friday, January 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $224.67.
The firm has a market cap of $9.86 billion, a P/E ratio of 57.53, a P/E/G ratio of 10.23 and a beta of 0.19.
MarketAxess (NASDAQ:MKTX) last posted its earnings results on Wednesday, January 30th. The financial services provider reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.06. The company had revenue of $112.44 million during the quarter, compared to analyst estimates of $112.37 million. MarketAxess had a return on equity of 30.31% and a net margin of 39.69%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 earnings per share. On average, equities analysts anticipate that MarketAxess Holdings Inc. will post 5.12 EPS for the current fiscal year.
In other news, CFO Antonio L. Delise sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $231.99, for a total transaction of $1,855,920.00. Following the completion of the transaction, the chief financial officer now directly owns 36,901 shares of the company’s stock, valued at $8,560,662.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Steinhardt sold 3,187 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $215.62, for a total value of $687,180.94. Following the completion of the transaction, the director now directly owns 24,899 shares of the company’s stock, valued at $5,368,722.38. The disclosure for this sale can be found here. Insiders have sold 31,187 shares of company stock valued at $6,961,901 over the last ninety days. Corporate insiders own 3.52% of the company’s stock.
A number of hedge funds have recently modified their holdings of MKTX. Campbell Newman Asset Management Inc. lifted its position in MarketAxess by 2.4% in the first quarter. Campbell Newman Asset Management Inc. now owns 2,725 shares of the financial services provider’s stock worth $671,000 after purchasing an additional 63 shares during the period. Flagship Harbor Advisors LLC lifted its position in MarketAxess by 4.7% in the first quarter. Flagship Harbor Advisors LLC now owns 1,947 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 87 shares during the period. Neuburgh Advisers LLC lifted its position in shares of MarketAxess by 3.1% during the 4th quarter. Neuburgh Advisers LLC now owns 3,152 shares of the financial services provider’s stock valued at $666,000 after acquiring an additional 96 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its position in shares of MarketAxess by 11.8% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 950 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of MarketAxess by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the financial services provider’s stock valued at $2,485,000 after acquiring an additional 100 shares during the last quarter. 99.19% of the stock is owned by institutional investors and hedge funds.
MarketAxess Company Profile (NASDAQ:MKTX)
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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