Research Analysts’ Weekly Ratings Changes for MarketAxess (MKTX)

Several brokerages have updated their recommendations and price targets on shares of MarketAxess (NASDAQ: MKTX) in the last few weeks:

• 4/12/2024 – MarketAxess had its price target lowered by analysts at Piper Sandler from $250.00 to $237.00. They now have a “neutral” rating on the stock.
• 4/10/2024 – MarketAxess is now covered by analysts at Bank of America Co.. They set an “underperform” rating and a $199.00 price target on the stock.
• 4/9/2024 – MarketAxess had its price target raised by analysts at Morgan Stanley from $278.00 to $279.00. They now have an “equal weight” rating on the stock.
• 4/8/2024 – MarketAxess had its price target lowered by analysts at Barclays PLC from $239.00 to $236.00. They now have an “equal weight” rating on the stock.

MarketAxess Stock Up 0.6 %

Shares of MKTX stock opened at $203.15 on Friday. MarketAxess Holdings Inc. has a 12 month low of $199.34 and a 12 month high of $339.43. The business’s 50 day moving average is $216.82 and its two-hundred day moving average is $237.37. The company has a market cap of $7.64 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.73 by $0.11. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The company had revenue of $197.20 million for the quarter, compared to the consensus estimate of $196.70 million. During the same quarter last year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities analysts expect that MarketAxess Holdings Inc. will post 7.28 EPS for the current fiscal year.

Insider Buying and Selling at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the transaction, the executive now owns 70,092 shares in the company, valued at $15,508,555.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On MarketAxess

Hedge funds have recently modified their holdings of the business. Allworth Financial LP boosted its position in shares of MarketAxess by 347.6% in the fourth quarter. Allworth Financial LP now owns 94 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Clear Street Markets LLC boosted its position in shares of MarketAxess by 94.6% in the first quarter. Clear Street Markets LLC now owns 72 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the period. Gladius Capital Management LP boosted its position in shares of MarketAxess by 39.6% in the third quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 38 shares during the period. VitalStone Financial LLC bought a new stake in shares of MarketAxess in the first quarter valued at approximately $31,000. Finally, Parallel Advisors LLC boosted its position in shares of MarketAxess by 155.8% in the fourth quarter. Parallel Advisors LLC now owns 110 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 67 shares during the period. 99.01% of the stock is owned by institutional investors.

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.