A number of firms have modified their ratings and price targets on shares of MarketAxess (NASDAQ: MKTX) recently:
- 10/8/2024 – MarketAxess had its price target raised by analysts at Piper Sandler from $235.00 to $265.00. They now have a “neutral” rating on the stock.
- 10/7/2024 – MarketAxess had its price target raised by analysts at Barclays PLC from $237.00 to $268.00. They now have an “equal weight” rating on the stock.
- 10/4/2024 – MarketAxess had its price target raised by analysts at Citigroup Inc. from $310.00 to $325.00. They now have a “buy” rating on the stock.
- 10/3/2024 – MarketAxess had its price target lowered by analysts at Bank of America Co. from $193.00 to $185.00. They now have an “underperform” rating on the stock.
- 9/30/2024 – MarketAxess had its price target raised by analysts at The Goldman Sachs Group, Inc. from $204.00 to $233.00. They now have a “neutral” rating on the stock.
- 8/15/2024 – MarketAxess had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $218.00 to $223.00. They now have a “hold” rating on the stock.
MarketAxess Price Performance
Shares of MarketAxess stock opened at $278.10 on Monday. MarketAxess Holdings Inc. has a one year low of $192.42 and a one year high of $297.97. The stock’s fifty day moving average is $250.06 and its 200 day moving average is $223.40. The stock has a market cap of $10.50 billion, a P/E ratio of 40.07, a P/E/G ratio of 7.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.91 and a current ratio of 2.91.
MarketAxess (NASDAQ:MKTX – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $197.70 million during the quarter, compared to analyst estimates of $198.07 million. MarketAxess had a return on equity of 20.43% and a net margin of 33.71%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 earnings per share. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.16 earnings per share for the current year.
MarketAxess Increases Dividend
Insider Activity
In other MarketAxess news, insider Christophe Pierre Danie Roupie sold 617 shares of MarketAxess stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $231.63, for a total value of $142,915.71. Following the transaction, the insider now directly owns 7,409 shares of the company’s stock, valued at approximately $1,716,146.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.66% of the company’s stock.
Institutional Trading of MarketAxess
A number of hedge funds have recently bought and sold shares of MKTX. Vanguard Group Inc. boosted its position in shares of MarketAxess by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,539,440 shares of the financial services provider’s stock worth $995,272,000 after purchasing an additional 13,018 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd grew its stake in shares of MarketAxess by 30.3% in the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 2,425,897 shares of the financial services provider’s stock worth $531,878,000 after acquiring an additional 564,820 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of MarketAxess by 10.3% in the second quarter. Van ECK Associates Corp now owns 1,828,055 shares of the financial services provider’s stock worth $366,580,000 after acquiring an additional 170,095 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of MarketAxess by 18.2% in the second quarter. Primecap Management Co. CA now owns 1,330,880 shares of the financial services provider’s stock worth $266,881,000 after acquiring an additional 204,960 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of MarketAxess by 53.5% in the second quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider’s stock worth $164,447,000 after acquiring an additional 285,665 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.
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.
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