MarketAxess Holdings, Inc. (NASDAQ:MKTX) CFO Antonio L. Delise sold 8,000 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $189.57, for a total transaction of $1,516,560.00. Following the completion of the sale, the chief financial officer now owns 50,576 shares in the company, valued at $9,587,692.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
MarketAxess Holdings, Inc. (NASDAQ:MKTX) traded down 0.48% during trading on Thursday, hitting $190.77. 39,735 shares of the stock were exchanged. The firm has a 50-day moving average of $169.44 and a 200-day moving average of $164.39. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 57.12 and a beta of 0.70. MarketAxess Holdings, Inc. has a 52 week low of $110.07 and a 52 week high of $194.12.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.04. The business had revenue of $94.40 million for the quarter, compared to analyst estimates of $93.74 million. MarketAxess Holdings had a net margin of 34.11% and a return on equity of 28.57%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Equities research analysts anticipate that MarketAxess Holdings, Inc. will post $4.01 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Thursday, February 9th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, February 7th. This is a positive change from MarketAxess Holdings’s previous quarterly dividend of $0.26. MarketAxess Holdings’s payout ratio is currently 39.40%.
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MKTX has been the topic of several research analyst reports. Credit Suisse Group restated an “underperform” rating and issued a $158.00 price target on shares of MarketAxess Holdings in a research report on Sunday, November 20th. Raymond James Financial, Inc. upgraded shares of MarketAxess Holdings from a “market perform” rating to an “outperform” rating and set a $175.00 price target on the stock in a research report on Tuesday, January 3rd. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $168.00 price target on the stock in a research report on Thursday, January 5th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of MarketAxess Holdings in a research report on Friday, January 6th. They issued a “conviction-buy” rating and a $185.00 price target on the stock. Finally, Macquarie upgraded shares of MarketAxess Holdings from an “underperform” rating to a “neutral” rating and set a $178.00 price target on the stock in a research report on Tuesday, January 31st. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. MarketAxess Holdings has an average rating of “Buy” and a consensus price target of $175.17.
Hedge funds have recently made changes to their positions in the company. Advisors Preferred LLC raised its stake in shares of MarketAxess Holdings by 1,064.0% in the third quarter. Advisors Preferred LLC now owns 1,001 shares of the company’s stock worth $166,000 after buying an additional 915 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MarketAxess Holdings by 13.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,223 shares of the company’s stock worth $203,000 after buying an additional 147 shares in the last quarter. Somerville Kurt F acquired a new stake in shares of MarketAxess Holdings during the third quarter worth approximately $203,000. Cigna Investments Inc. New acquired a new stake in shares of MarketAxess Holdings during the fourth quarter worth approximately $206,000. Finally, First Republic Investment Management Inc. raised its stake in shares of MarketAxess Holdings by 2.8% in the fourth quarter. First Republic Investment Management Inc. now owns 1,430 shares of the company’s stock worth $210,000 after buying an additional 39 shares in the last quarter. 89.11% of the stock is currently owned by institutional investors and hedge funds.
MarketAxess Holdings Company Profile
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.
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