Analysts Set MarketAxess Holdings Inc. (NASDAQ:MKTX) PT at $252.80

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) have been given an average recommendation of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $252.80.

Several analysts recently commented on the stock. The Goldman Sachs Group cut their target price 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. Barclays reduced their price objective on MarketAxess from $239.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, April 8th. Piper Sandler cut their target price on MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Rosenblatt Securities reduced their target price on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a report on Thursday, February 1st. Finally, William Blair reissued an “outperform” rating on shares of MarketAxess in a research note on Tuesday, January 23rd.

MarketAxess Stock Down 0.4 %

Shares of MarketAxess stock opened at $201.93 on Monday. The business has a fifty day simple moving average of $217.24 and a 200-day simple moving average of $237.61. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 4.28 and a beta of 0.98. MarketAxess has a fifty-two week low of $200.01 and a fifty-two week high of $341.92.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 34.29% and a return on equity of 21.76%. MarketAxess’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 EPS. Analysts anticipate that MarketAxess will post 7.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $221.26, for a total transaction of $442,520.00. Following the completion of the sale, the executive now directly owns 70,092 shares in the company, valued at $15,508,555.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On MarketAxess

A number of hedge funds have recently modified their holdings of the stock. Clear Street Markets LLC grew its stake in MarketAxess by 94.6% in the first quarter. Clear Street Markets LLC now owns 72 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. VitalStone Financial LLC bought a new stake in shares of MarketAxess in the 1st quarter valued at approximately $31,000. Allworth Financial LP increased its holdings in MarketAxess by 347.6% in the fourth quarter. Allworth Financial LP now owns 94 shares of the financial services provider’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Parallel Advisors LLC increased its holdings in MarketAxess by 155.8% in the fourth quarter. Parallel Advisors LLC now owns 110 shares of the financial services provider’s stock worth $32,000 after buying an additional 67 shares during the last quarter. Finally, Gladius Capital Management LP raised its position in MarketAxess by 39.6% during the third quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 38 shares in the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

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.