BidaskClub downgraded shares of MarketAxess (NASDAQ:MKTX) from a buy rating to a hold rating in a report issued on Friday morning.

Several other research analysts also recently issued reports on MKTX. Zacks Investment Research raised MarketAxess from a sell rating to a hold rating in a research note on Tuesday, September 25th. ValuEngine upgraded MarketAxess from a hold rating to a buy rating in a research report on Thursday, October 4th. Barclays reiterated a hold rating and set a $198.00 price objective on shares of MarketAxess in a research report on Friday, October 12th. Goldman Sachs Group initiated coverage on MarketAxess in a research report on Monday, November 5th. They set a sell rating for the company. Finally, Buckingham Research initiated coverage on MarketAxess in a research report on Thursday. They set a neutral rating for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. MarketAxess currently has a consensus rating of Hold and a consensus price target of $215.50.

NASDAQ:MKTX opened at $212.59 on Friday. The firm has a market cap of $8.01 billion, a PE ratio of 54.51, a PEG ratio of 8.26 and a beta of 0.18. MarketAxess has a 52-week low of $172.09 and a 52-week high of $231.33.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.09. The business had revenue of $101.44 million during the quarter, compared to the consensus estimate of $101.19 million. MarketAxess had a return on equity of 29.40% and a net margin of 37.97%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. Research analysts forecast that MarketAxess will post 4.51 earnings per share for the current fiscal year.

In other MarketAxess news, CEO Richard M. Mcvey sold 23,842 shares of MarketAxess stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $211.93, for a total value of $5,052,835.06. Following the completion of the sale, the chief executive officer now owns 1,054,986 shares in the company, valued at approximately $223,583,182.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin M. Mcpherson sold 2,500 shares of MarketAxess stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $216.89, for a total value of $542,225.00. The disclosure for this sale can be found here. Company insiders own 3.52% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vectors Research Management LLC purchased a new stake in MarketAxess in the 3rd quarter valued at about $100,000. First Hawaiian Bank purchased a new stake in MarketAxess in the 3rd quarter valued at about $113,000. Rehmann Capital Advisory Group grew its holdings in MarketAxess by 17,748.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 20,883 shares of the financial services provider’s stock valued at $117,000 after buying an additional 20,766 shares during the period. Paradigm Asset Management Co. LLC grew its holdings in MarketAxess by 11.8% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 950 shares of the financial services provider’s stock valued at $170,000 after buying an additional 100 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in MarketAxess in the 2nd quarter valued at about $205,000. Institutional investors own 99.17% of the company’s stock.

About MarketAxess

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 the access to global liquidity in U.S.

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Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

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