MarketAxess (NASDAQ:MKTX - Get Free Report) had its target price hoisted by Morgan Stanley from $278.00 to $279.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's price target would suggest a potential upside of 23.18% from the company's current price.
A number of other research analysts also recently issued reports on MKTX. Barclays decreased their price objective on MarketAxess from $239.00 to $236.00 and set an "equal weight" rating for the company in a report on Monday. William Blair restated an "outperform" rating on shares of MarketAxess in a research note on Tuesday, January 23rd. The Goldman Sachs Group lowered their price objective on MarketAxess from $263.00 to $225.00 and set a "neutral" rating on the stock in a research note on Thursday, February 1st. Finally, Rosenblatt Securities decreased their price target on MarketAxess from $229.00 to $210.00 and set a "sell" rating on the stock in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $260.22.
Get Our Latest Research Report on MarketAxess
MarketAxess Stock Performance
NASDAQ:MKTX traded up $2.18 during mid-day trading on Tuesday, hitting $226.50. The company had a trading volume of 407,147 shares, compared to its average volume of 433,986. MarketAxess has a fifty-two week low of $200.01 and a fifty-two week high of $344.43. The business's fifty day moving average is $219.70 and its two-hundred day moving average is $237.66. The firm has a market cap of $8.58 billion, a P/E ratio of 33.09, a P/E/G ratio of 3.88 and a beta of 0.98.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.11. The company had revenue of $197.20 million during the quarter, compared to the consensus estimate 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 in the prior year, the company earned $1.58 earnings per share. Equities analysts forecast that MarketAxess will post 7.21 earnings per share for the current year.
Insider Activity
In other news, CRO Kevin M. Mcpherson sold 2,000 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $221.26, for a total value of $442,520.00. Following the transaction, the executive now directly owns 70,092 shares of the company's stock, valued at approximately $15,508,555.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.
Institutional Trading of MarketAxess
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clear Street Markets LLC increased its position in MarketAxess by 94.6% in the 1st quarter. Clear Street Markets LLC now owns 72 shares of the financial services provider's stock valued at $28,000 after buying an additional 35 shares in the last quarter. VitalStone Financial LLC purchased a new position in MarketAxess in the first quarter valued at approximately $31,000. Allworth Financial LP lifted its stake in MarketAxess by 347.6% in the fourth quarter. Allworth Financial LP now owns 94 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Parallel Advisors LLC lifted its stake in MarketAxess by 155.8% in the fourth quarter. Parallel Advisors LLC now owns 110 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 67 shares during the last quarter. Finally, Gladius Capital Management LP lifted its position in shares of MarketAxess by 39.6% during the third quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider's stock worth $29,000 after acquiring an additional 38 shares in the last quarter. 99.01% of the stock is owned by institutional investors.
MarketAxess Company Profile
(
Get Free Report)
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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