MarketAxess Holdings Inc. (NASDAQ:MKTX) Given Consensus Recommendation of “Hold” by Analysts

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) have been given a consensus rating of “Hold” by the ten research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $252.80.

A number of analysts have weighed in on MKTX shares. Barclays cut their price target on MarketAxess from $239.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Monday, April 8th. Morgan Stanley lifted their price target on shares of MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Piper Sandler cut their price objective on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Rosenblatt Securities cut their price target on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a report on Thursday, February 1st. Finally, The Goldman Sachs Group lowered their price objective on shares of MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st.

Insider Activity

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $221.26, for a total transaction of $442,520.00. Following the transaction, the executive now owns 70,092 shares of the company’s stock, valued at $15,508,555.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On MarketAxess

Several large investors have recently modified their holdings of MKTX. Northwestern Mutual Wealth Management Co. raised its holdings in shares of MarketAxess by 2.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,342 shares of the financial services provider’s stock valued at $374,000 after buying an additional 30 shares during the last quarter. Clear Street Markets LLC grew its position in MarketAxess by 94.6% in the first quarter. Clear Street Markets LLC now owns 72 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the last quarter. Gladius Capital Management LP grew its position in MarketAxess by 39.6% in the third quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock worth $29,000 after buying an additional 38 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in MarketAxess by 47.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider’s stock worth $39,000 after buying an additional 43 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its position in MarketAxess by 2.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 2,198 shares of the financial services provider’s stock worth $644,000 after buying an additional 48 shares during the last quarter. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Up 0.4 %

MKTX opened at $204.01 on Monday. MarketAxess has a 52 week low of $199.34 and a 52 week high of $336.56. The business has a fifty day simple moving average of $216.43 and a 200-day simple moving average of $237.33. The firm has a market cap of $7.67 billion, a P/E ratio of 29.78, a P/E/G ratio of 4.22 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.11. The business had revenue of $197.20 million for the quarter, compared to analysts’ expectations of $196.70 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $1.58 earnings per share. Sell-side analysts expect that MarketAxess will post 7.28 earnings per share for the current year.

About MarketAxess

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.