MarketAxess Holdings Inc. (NASDAQ:MKTX) Director Stephen P. Casper sold 102 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $337.30, for a total transaction of $34,404.60. Following the sale, the director now owns 13,157 shares in the company, valued at $4,437,856.10. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of MKTX stock opened at $333.99 on Wednesday. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 73.08, a PEG ratio of 12.96 and a beta of 0.18. MarketAxess Holdings Inc. has a 12 month low of $172.09 and a 12 month high of $342.98. The company has a current ratio of 10.82, a quick ratio of 10.82 and a debt-to-equity ratio of 0.14.
MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. The firm had revenue of $124.49 million during the quarter, compared to analysts’ expectations of $125.43 million. MarketAxess had a net margin of 39.84% and a return on equity of 29.88%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 earnings per share. On average, research analysts anticipate that MarketAxess Holdings Inc. will post 5.16 EPS for the current fiscal year.
MKTX has been the topic of several analyst reports. BidaskClub upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Zacks Investment Research upgraded shares of MarketAxess from a “hold” rating to a “buy” rating and set a $261.00 price objective on the stock in a research note on Tuesday, March 19th. Barclays increased their price objective on shares of MarketAxess from $218.00 to $244.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Rosenblatt Securities assumed coverage on shares of MarketAxess in a research report on Monday, April 15th. They set a “neutral” rating and a $255.00 target price for the company. Finally, Buckingham Research increased their target price on shares of MarketAxess from $241.00 to $245.00 and gave the company a “neutral” rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a strong buy rating to the company’s stock. MarketAxess has a consensus rating of “Hold” and an average target price of $234.14.
Several institutional investors have recently modified their holdings of the company. Townsquare Capital LLC bought a new stake in shares of MarketAxess in the fourth quarter worth about $235,000. Campbell Newman Asset Management Inc. raised its holdings in MarketAxess by 2.4% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 2,725 shares of the financial services provider’s stock worth $671,000 after acquiring an additional 63 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in MarketAxess by 12.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 14,776 shares of the financial services provider’s stock worth $3,122,000 after purchasing an additional 1,624 shares during the period. Chartwell Investment Partners LLC grew its position in shares of MarketAxess by 5.0% during the 1st quarter. Chartwell Investment Partners LLC now owns 2,551 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 122 shares during the period. Finally, Chesapeake Wealth Management bought a new position in MarketAxess in the 1st quarter worth $538,000. Institutional investors and hedge funds own 99.19% of the company’s stock.
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MarketAxess Company Profile
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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