MarketAxess’ (MKTX) “Hold” Rating Reiterated at Barclays

Barclays restated their hold rating on shares of MarketAxess (NASDAQ:MKTX) in a research report released on Friday morning. The brokerage currently has a $198.00 price objective on the financial services provider’s stock.

MKTX has been the topic of several other research reports. Keefe, Bruyette & Woods reissued a hold rating and set a $210.00 target price on shares of MarketAxess in a research report on Thursday, July 26th. ValuEngine raised MarketAxess from a hold rating to a buy rating in a research report on Thursday, October 4th. BidaskClub raised MarketAxess from a hold rating to a buy rating in a research report on Friday, July 20th. Zacks Investment Research downgraded MarketAxess from a hold rating to a sell rating in a research report on Monday, September 10th. Finally, Jefferies Financial Group began coverage on MarketAxess in a research report on Wednesday, August 1st. They set a hold rating and a $219.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $210.63.

Shares of MKTX opened at $187.50 on Friday. The company has a market cap of $6.71 billion, a PE ratio of 48.08, a PEG ratio of 8.16 and a beta of 0.44. MarketAxess has a 1 year low of $171.45 and a 1 year high of $229.84.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.02. The business had revenue of $106.96 million for the quarter, compared to analysts’ expectations of $106.41 million. MarketAxess had a return on equity of 29.49% and a net margin of 37.33%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. As a group, equities research analysts predict that MarketAxess will post 4.38 earnings per share for the current fiscal year.

In other MarketAxess news, CEO Richard M. Mcvey sold 10,959 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $189.31, for a total value of $2,074,648.29. Following the transaction, the chief executive officer now owns 1,054,743 shares of the company’s stock, valued at approximately $199,673,397.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Themelis sold 12,831 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $186.51, for a total value of $2,393,109.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,804 shares of company stock worth $12,555,086. Corporate insiders own 3.52% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MKTX. TLP Group LLC bought a new position in MarketAxess in the 1st quarter valued at $204,000. Alps Advisors Inc. bought a new position in MarketAxess in the 2nd quarter valued at $205,000. Atria Investments LLC grew its position in MarketAxess by 25.6% in the 3rd quarter. Atria Investments LLC now owns 1,358 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 277 shares during the last quarter. Hartford Investment Management Co. bought a new position in MarketAxess in the 2nd quarter valued at $278,000. Finally, GFS Advisors LLC bought a new position in MarketAxess in the 2nd quarter valued at $361,000. 99.98% of the stock is currently owned by institutional investors.

About MarketAxess

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 the access to global liquidity in U.S.

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Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

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