A number of firms have modified their ratings and price targets on shares of MarketAxess (NASDAQ: MKTX) recently:

  • 1/25/2018 – MarketAxess was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/24/2018 – MarketAxess was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MarketAxess’ results have been impressive for long courtesy of growth in revenues, improving trading volumes, ongoing investments in areas including Open Trading, launch of products and its strong market position in U.S. credit. Also, it continues to benefit from international business, with strength in both emerging markets and Eurobond spaces. Its selective acquisitions and strategic alliances have aided its top line growth. Though the stock has underperformed ina year's time we believe its strong fundamentals will provide it some support. However, its escalating costs remain a significant headwind. Its expenses are expected to rise over the coming quarters given ongoing investments in several areas including trading platform, new protocols and infrastructure as well as headcount additions.”
  • 1/22/2018 – MarketAxess had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 1/22/2018 – MarketAxess was downgraded by analysts at UBS Group AG from an “outperform” rating to a “market perform” rating.
  • 1/8/2018 – MarketAxess was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $238.00 price target on the stock. According to Zacks, “MarketAxess’ stock has outperformed the industry in a year's time. MarketAxess’ results have been impressive for long courtesy of growth in revenues, improving trading volumes, ongoing investments in areas including Open Trading, launch of products and its strong market position in U.S. credit. Also, it continues to benefit from international business, with strength in both emerging markets and Eurobond spaces. Its selective acquisitions and strategic lliances have aided its top line growth. However, its escalating costs remain a significant headwind. Its expenses are expected to rise over the coming quarters given ongoing investments in several areas including trading platform, new protocols and infrastructure as well as headcount additions. The stock has seen the Zacks Consensus Estimate for 2018 earnings being revised 14.5% upward over the last 30 days.”
  • 1/8/2018 – MarketAxess was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating. They now have a $210.00 price target on the stock.
  • 12/26/2017 – MarketAxess was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MarketAxess’ stock has outperformed the industry in a year's time. The company's escalating costs remain a significant headwind. Its expenses are expected to rise over the coming quarters given ongoing investments in several areas including trading platform, new protocols and infrastructure as well as headcount additions. Also, low market volatility and foreign exchange volatility continue to bother. Nevertheless, MarketAxess’ results have been impressive for long courtesy of growth in revenues, improving trading volumes, ongoing investments in areas including Open Trading, launch of products and its strong market position in U.S. credit. Also, it continues to benefit from international business, with strength in both emerging markets and Eurobond spaces.  The stock has, however, seen the Zacks Consensus Estimate for current-year earnings being revised 2.5% downward over the last 60 days.”
  • 12/22/2017 – MarketAxess had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $215.00 price target on the stock.
  • 12/14/2017 – MarketAxess is now covered by analysts at Rosenblatt Securities. They set a “neutral” rating and a $190.00 price target on the stock.

Shares of MarketAxess Holdings Inc. (MKTX) traded up $0.14 on Monday, hitting $189.16. 307,500 shares of the stock were exchanged, compared to its average volume of 296,933. The company has a market cap of $7,100.49, a price-to-earnings ratio of 48.63 and a beta of 0.60. MarketAxess Holdings Inc. has a 1 year low of $171.45 and a 1 year high of $211.06.

The company also recently announced a dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be paid a $0.42 dividend. This represents a dividend yield of 0.00215097818293557%. This is an increase from MarketAxess’s previous dividend of $0.20. The ex-dividend date is Tuesday, February 13th. MarketAxess’s payout ratio is presently 33.93%.

In other news, Director John Steinhardt sold 4,225 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $174.00, for a total value of $735,150.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kevin M. Mcpherson sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $176.61, for a total transaction of $883,050.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,450 shares of company stock worth $9,517,696. 4.02% of the stock is owned by insiders.

MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.

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