Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) have been given an average rating of “Hold” by the eight analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $281.25.

A number of research firms have recently issued reports on MKTX. ValuEngine lowered shares of MarketAxess from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Buckingham Research lowered shares of MarketAxess from a “neutral” rating to an “underperform” rating and set a $245.00 price objective on the stock. in a research note on Wednesday, June 12th. Deutsche Bank lifted their price target on shares of MarketAxess from $332.00 to $336.00 and gave the stock a “hold” rating in a research note on Wednesday. Barclays lifted their price target on shares of MarketAxess from $244.00 to $289.00 and gave the stock an “equal weight” rating in a research note on Friday, June 28th. Finally, BidaskClub upgraded shares of MarketAxess from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 9th.

Shares of MKTX traded up $1.09 during mid-day trading on Tuesday, reaching $366.21. 239,000 shares of the stock traded hands, compared to its average volume of 351,955. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 80.13 and a beta of 0.22. The stock has a fifty day simple moving average of $349.39 and a 200 day simple moving average of $286.91. MarketAxess has a 12-month low of $172.09 and a 12-month high of $373.98. The company has a quick ratio of 10.05, a current ratio of 10.05 and a debt-to-equity ratio of 0.14.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.27 earnings per share (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 analysts’ expectations of $126.06 million. MarketAxess had a net margin of 39.89% and a return on equity of 29.85%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 EPS. On average, equities research analysts expect that MarketAxess will post 5.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be paid a $0.51 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.56%. MarketAxess’s dividend payout ratio (DPR) is presently 44.64%.

In related news, insider Nicholas Themelis sold 2,750 shares of MarketAxess stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $347.39, for a total value of $955,322.50. Following the completion of the sale, the insider now owns 53,064 shares in the company, valued at $18,433,902.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen P. Casper sold 102 shares of MarketAxess stock in a transaction on Friday, June 7th. The stock was sold at an average price of $337.30, for a total transaction of $34,404.60. Following the completion of the sale, the director now owns 13,157 shares of the company’s stock, valued at approximately $4,437,856.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,852 shares of company stock valued at $7,991,127. Insiders own 3.28% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in MarketAxess by 60.7% in the second quarter. CWM LLC now owns 90 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 34 shares during the period. Nisa Investment Advisors LLC boosted its holdings in MarketAxess by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 7,340 shares of the financial services provider’s stock worth $2,359,000 after purchasing an additional 40 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in MarketAxess by 0.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,639 shares of the financial services provider’s stock worth $1,634,000 after purchasing an additional 42 shares during the period. Capital Bank & Trust Co boosted its holdings in MarketAxess by 25.0% in the second quarter. Capital Bank & Trust Co now owns 210 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 42 shares during the period. Finally, Evergreen Capital Management LLC boosted its holdings in MarketAxess by 1.8% in the first quarter. Evergreen Capital Management LLC now owns 2,697 shares of the financial services provider’s stock worth $664,000 after purchasing an additional 48 shares during the period. 99.19% of the stock is owned by hedge funds and other institutional investors.

About MarketAxess

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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Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

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