MarketAxess Holdings Inc. (NASDAQ:MKTX) – Equities researchers at William Blair boosted their FY2016 earnings estimates for shares of MarketAxess Holdings in a note issued to investors on Sunday. William Blair analyst C. Shutler now anticipates that the firm will post earnings per share of $3.23 for the year, up from their previous estimate of $3.21. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for MarketAxess Holdings’ Q4 2016 earnings at $0.81 EPS.
Several other research firms also recently commented on MKTX. Zacks Investment Research upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Thursday, September 15th. Credit Suisse Group AG restated a “sell” rating and set a $106.00 price objective on shares of MarketAxess Holdings in a research report on Friday, July 29th. Keefe, Bruyette & Woods raised their target price on MarketAxess Holdings from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Raymond James Financial Inc. cut MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Finally, Citigroup Inc. cut MarketAxess Holdings to a “market perform” rating in a research note on Friday, July 15th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $140.75.
MarketAxess Holdings (NASDAQ:MKTX) traded down 0.4623% during midday trading on Tuesday, reaching $156.4932. The company’s stock had a trading volume of 9,094 shares. The firm has a market cap of $5.89 billion, a P/E ratio of 53.9632 and a beta of 0.65. The firm has a 50 day moving average of $167.47 and a 200 day moving average of $147.67. MarketAxess Holdings has a 52-week low of $86.19 and a 52-week high of $178.21.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.03. MarketAxess Holdings had a return on equity of 27.14% and a net margin of 32.52%. The business had revenue of $96.60 million for the quarter, compared to analysts’ expectations of $93.98 million. During the same quarter in the previous year, the business posted $0.64 EPS. MarketAxess Holdings’s revenue for the quarter was up 27.9% on a year-over-year basis.
A number of institutional investors have recently made changes to their positions in MKTX. Tower Research Capital LLC TRC acquired a new position in shares of MarketAxess Holdings during the second quarter worth about $103,000. Cantab Capital Partners LLP acquired a new position in shares of MarketAxess Holdings during the second quarter worth about $116,000. Daiwa Securities Group Inc. acquired a new position in shares of MarketAxess Holdings during the second quarter worth about $160,000. Bank of Montreal Can acquired a new position in shares of MarketAxess Holdings during the second quarter worth about $177,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of MarketAxess Holdings by 16.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,278 shares of the company’s stock worth $186,000 after buying an additional 179 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.
In other MarketAxess Holdings news, CFO Antonio L. Delise sold 10,000 shares of MarketAxess Holdings stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $166.79, for a total transaction of $1,667,900.00. Following the completion of the transaction, the chief financial officer now owns 59,494 shares in the company, valued at $9,923,004.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Themelis sold 6,200 shares of MarketAxess Holdings stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $165.40, for a total transaction of $1,025,480.00. Following the transaction, the insider now owns 70,799 shares of the company’s stock, valued at approximately $11,710,154.60. The disclosure for this sale can be found here. 4.51% of the stock is owned by company insiders.
MarketAxess Holdings Company Profile