MarketAxess Holdings Inc. (NASDAQ:MKTX) Director Richard Leon Prager purchased 1,000 shares of MarketAxess stock in a transaction on Thursday, August 15th. The shares were acquired at an average cost of $358.49 per share, for a total transaction of $358,490.00. The acquisition was disclosed in a filing with the SEC, which is available at this link.
MKTX stock opened at $389.23 on Thursday. The company has a market cap of $13.83 billion, a price-to-earnings ratio of 85.17 and a beta of 0.22. The company has a quick ratio of 10.05, a current ratio of 10.05 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $354.34 and a 200-day simple moving average of $289.78. MarketAxess Holdings Inc. has a 52 week low of $172.09 and a 52 week high of $389.51.
MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). The firm had revenue of $125.50 million for the quarter, compared to analyst estimates of $126.06 million. MarketAxess had a return on equity of 29.85% and a net margin of 39.89%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 earnings per share. As a group, analysts expect that MarketAxess Holdings Inc. will post 5.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, August 6th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.52%. MarketAxess’s payout ratio is 44.64%.
Several hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in MarketAxess by 60.7% in the 2nd quarter. CWM LLC now owns 90 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 34 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in MarketAxess in the 2nd quarter valued at $36,000. Kavar Capital Partners LLC acquired a new stake in MarketAxess in the 2nd quarter valued at $40,000. AdvisorNet Financial Inc increased its holdings in MarketAxess by 41.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 170 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 50 shares in the last quarter. Finally, Capital Bank & Trust Co increased its holdings in MarketAxess by 25.0% in the 2nd quarter. Capital Bank & Trust Co now owns 210 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.
A number of research analysts have weighed in on the company. Barclays increased their price target on MarketAxess from $244.00 to $289.00 and gave the stock an “equal weight” rating in a research note on Friday, June 28th. ValuEngine downgraded MarketAxess from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub upgraded MarketAxess from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 9th. Buckingham Research downgraded MarketAxess from a “neutral” rating to an “underperform” rating and set a $245.00 price objective for the company. in a report on Wednesday, June 12th. Finally, Deutsche Bank upped their price objective on MarketAxess from $332.00 to $336.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $277.20.
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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