MarketAxess Holdings Inc. to Post Q3 2020 Earnings of $1.82 Per Share, William Blair Forecasts (NASDAQ:MKTX)
MarketAxess Holdings Inc. (NASDAQ:MKTX) – Stock analysts at William Blair increased their Q3 2020 earnings per share (EPS) estimates for shares of MarketAxess in a research report issued on Friday, July 10th. William Blair analyst C. Shutler now expects that the financial services provider will earn $1.82 per share for the quarter, up from their prior forecast of $1.74. William Blair also issued estimates for MarketAxess’ Q4 2020 earnings at $1.56 EPS, FY2020 earnings at $7.51 EPS and FY2021 earnings at $7.72 EPS.
MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. MarketAxess had a return on equity of 31.08% and a net margin of 40.87%. The business had revenue of $169.00 million for the quarter, compared to analyst estimates of $139.03 million. During the same period last year, the company posted $1.39 EPS. The business’s quarterly revenue was up 35.7% on a year-over-year basis.
MarketAxess stock opened at $517.57 on Monday. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 86.70 and a beta of 0.63. MarketAxess has a 12 month low of $275.49 and a 12 month high of $561.68. The company has a debt-to-equity ratio of 0.12, a current ratio of 7.53 and a quick ratio of 7.53. The stock’s 50-day moving average is $505.74 and its 200-day moving average is $412.92.
In other news, insider Christophe Pierre Danie Roupie sold 1,920 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $457.00, for a total transaction of $877,440.00. Following the transaction, the insider now owns 10,914 shares of the company’s stock, valued at $4,987,698. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen P. Casper sold 2,000 shares of MarketAxess stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $479.44, for a total value of $958,880.00. Following the completion of the transaction, the director now owns 13,367 shares of the company’s stock, valued at $6,408,674.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,170 shares of company stock valued at $14,047,103. Insiders own 3.05% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of MKTX. Norges Bank acquired a new position in MarketAxess in the fourth quarter worth $159,554,000. JPMorgan Chase & Co. boosted its holdings in MarketAxess by 21.2% in the first quarter. JPMorgan Chase & Co. now owns 1,559,329 shares of the financial services provider’s stock worth $518,585,000 after purchasing an additional 272,647 shares during the period. Wells Fargo & Company MN boosted its holdings in MarketAxess by 19.8% in the first quarter. Wells Fargo & Company MN now owns 938,243 shares of the financial services provider’s stock worth $312,031,000 after purchasing an additional 154,850 shares during the period. Goldman Sachs Group Inc. boosted its holdings in MarketAxess by 59.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 339,090 shares of the financial services provider’s stock worth $128,552,000 after purchasing an additional 127,018 shares during the period. Finally, Banco Santander S.A. boosted its holdings in MarketAxess by 213.9% in the first quarter. Banco Santander S.A. now owns 166,001 shares of the financial services provider’s stock worth $55,207,000 after purchasing an additional 113,114 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.
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.
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