MarketAxess (NASDAQ:MKTX) Sets New 1-Year Low at $199.33

MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $199.33 and last traded at $201.61, with a volume of 67314 shares. The stock had previously closed at $200.09.

Analyst Ratings Changes

MKTX has been the topic of several research reports. Rosenblatt Securities decreased their price target on shares of MarketAxess from $229.00 to $210.00 and set a "sell" rating on the stock in a report on Thursday, February 1st. The Goldman Sachs Group decreased their target price on shares of MarketAxess from $263.00 to $225.00 and set a "neutral" rating on the stock in a research note on Thursday, February 1st. Bank of America started coverage on MarketAxess in a research note on Wednesday, April 10th. They issued an "underperform" rating and a $199.00 price target for the company. William Blair restated an "outperform" rating on shares of MarketAxess in a research report on Tuesday, January 23rd. Finally, Morgan Stanley upped their target price on MarketAxess from $278.00 to $279.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, MarketAxess presently has a consensus rating of "Hold" and an average target price of $252.80.

MarketAxess Stock Up 3.1 %

The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 4.27 and a beta of 0.98. The stock has a 50 day moving average of $214.15 and a 200 day moving average of $236.11.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results 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 analyst estimates of $196.70 million. MarketAxess had a net margin of 34.29% and a return on equity of 21.76%. During the same quarter in the previous year, the business earned $1.58 earnings per share. MarketAxess's revenue for the quarter was up 10.8% on a year-over-year basis. As a group, sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.28 EPS for the current fiscal year.

Insider Transactions at MarketAxess

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the sale, the executive now owns 70,092 shares in the company, valued at approximately $15,508,555.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Czech National Bank increased its position in MarketAxess by 47.7% in the 3rd quarter. Czech National Bank now owns 6,585 shares of the financial services provider's stock valued at $1,407,000 after buying an additional 2,126 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of MarketAxess by 11.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 9,320 shares of the financial services provider's stock valued at $1,991,000 after buying an additional 944 shares during the last quarter. Xponance Inc. grew its holdings in shares of MarketAxess by 4.4% during the third quarter. Xponance Inc. now owns 9,742 shares of the financial services provider's stock valued at $2,081,000 after buying an additional 409 shares during the last quarter. Dakota Wealth Management increased its position in shares of MarketAxess by 105.1% during the third quarter. Dakota Wealth Management now owns 4,601 shares of the financial services provider's stock worth $983,000 after acquiring an additional 2,358 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of MarketAxess by 0.9% in the 3rd quarter. Raymond James & Associates now owns 156,019 shares of the financial services provider's stock worth $33,332,000 after acquiring an additional 1,426 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.

MarketAxess Company Profile

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.