MarketAxess (NASDAQ:MKTX) had its target price lifted by equities research analysts at Deutsche Bank from $332.00 to $336.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The firm presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank’s target price points to a potential downside of 8.64% from the company’s current price.

Several other analysts have also issued reports on MKTX. Barclays upped their target price on shares of MarketAxess from $244.00 to $289.00 and gave the stock an “equal weight” rating in a research note on Friday, June 28th. BidaskClub upgraded shares of MarketAxess from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 9th. Buckingham Research lowered shares of MarketAxess from a “neutral” rating to an “underperform” rating and set a $245.00 target price for the company. in a research note on Wednesday, June 12th. Finally, ValuEngine lowered shares of MarketAxess from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. MarketAxess has an average rating of “Hold” and a consensus target price of $277.20.

MKTX stock traded up $0.75 during midday trading on Wednesday, reaching $367.77. 1,356 shares of the company’s stock traded hands, compared to its average volume of 368,578. The firm has a market capitalization of $13.86 billion, a P/E ratio of 80.47 and a beta of 0.22. The firm has a fifty day simple moving average of $346.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 10.05 and a current ratio of 10.05. MarketAxess has a 52 week low of $172.09 and a 52 week high of $373.98.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The business had revenue of $125.50 million for the quarter, compared to the consensus estimate of $126.06 million. MarketAxess had a net margin of 39.89% and a return on equity of 29.85%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 EPS. On average, equities research analysts anticipate that MarketAxess will post 5.17 earnings per share for the current year.

In related news, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $350.07, for a total value of $7,001,400.00. Following the transaction, the chief executive officer now directly owns 1,044,249 shares of the company’s stock, valued at approximately $365,560,247.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen P. Casper sold 102 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $337.30, for a total transaction of $34,404.60. Following the completion of the transaction, the director now directly owns 13,157 shares in the company, valued at $4,437,856.10. The disclosure for this sale can be found here. Insiders sold a total of 22,852 shares of company stock worth $7,991,127 over the last three months. 3.28% of the stock is owned by insiders.

Several large investors have recently modified their holdings of MKTX. CWM LLC lifted its holdings in MarketAxess by 60.7% during the second quarter. CWM LLC now owns 90 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 34 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in MarketAxess during the second quarter valued at about $36,000. Kavar Capital Partners LLC purchased a new stake in MarketAxess during the second quarter valued at about $40,000. AdvisorNet Financial Inc lifted its holdings in MarketAxess by 41.7% during the second quarter. AdvisorNet Financial Inc now owns 170 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 50 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in MarketAxess during the second quarter valued at about $71,000. 99.19% of the stock is currently owned by institutional investors.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.

See Also: Buyback For Investors Defined

Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.