Somewhat Positive Media Coverage Somewhat Unlikely to Affect MarketAxess (MKTX) Share Price
Media headlines about MarketAxess (NASDAQ:MKTX) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MarketAxess earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 47.4019688541787 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- MarketAxess (MKTX) Raised to “Strong-Buy” at BidaskClub (americanbankingnews.com)
- MarketAxess Holdings Inc. (MKTX) Insider Sells $558,575.00 in Stock (americanbankingnews.com)
- MarketAxess Holdings Inc. (MKTX) Insider Sells $1,177,794.00 in Stock (americanbankingnews.com)
- Zacks: Brokerages Expect MarketAxess Holdings Inc. (MKTX) to Announce $1.25 Earnings Per Share (americanbankingnews.com)
- MarketAxess Holdings Inc. (MKTX) Expected to Announce Quarterly Sales of $115.95 Million (americanbankingnews.com)
Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of MarketAxess from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $215.00 price target on shares of MarketAxess in a report on Friday, December 22nd. Zacks Investment Research raised shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Raymond James Financial reissued a “market perform” rating on shares of MarketAxess in a report on Monday, January 22nd. Finally, UBS cut shares of MarketAxess from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. MarketAxess presently has an average rating of “Hold” and an average target price of $214.40.
MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. MarketAxess had a net margin of 37.26% and a return on equity of 29.54%. The firm had revenue of $99.57 million for the quarter, compared to analyst estimates of $98.70 million. equities research analysts forecast that MarketAxess will post 4.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Tuesday, February 13th. This is a positive change from MarketAxess’s previous quarterly dividend of $0.20. MarketAxess’s payout ratio is 43.19%.
In related news, insider Kevin M. Mcpherson sold 2,500 shares of MarketAxess stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $223.43, for a total transaction of $558,575.00. Following the completion of the transaction, the insider now owns 80,192 shares of the company’s stock, valued at $17,917,298.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David G. Gomach sold 4,225 shares of MarketAxess stock in a transaction on Monday, February 5th. The stock was sold at an average price of $197.98, for a total transaction of $836,465.50. Following the transaction, the director now directly owns 259 shares of the company’s stock, valued at approximately $51,276.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,125 shares of company stock worth $10,849,545. 4.02% of the stock is owned by company insiders.
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MarketAxess Company Profile
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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