MarketAxess Holdings Inc. (NASDAQ:MKTX) – Jefferies Financial Group raised their Q2 2019 earnings estimates for MarketAxess in a report released on Wednesday, July 10th. Jefferies Financial Group analyst D. Fannon now expects that the financial services provider will earn $1.32 per share for the quarter, up from their previous estimate of $1.22. Jefferies Financial Group also issued estimates for MarketAxess’ Q3 2019 earnings at $1.17 EPS, FY2019 earnings at $5.17 EPS and Q2 2020 earnings at $1.48 EPS.
MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.02. The company had revenue of $124.49 million for the quarter, compared to analyst estimates of $125.43 million. MarketAxess had a return on equity of 29.88% and a net margin of 39.84%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.27 earnings per share.
A number of other equities research analysts also recently issued reports on MKTX. Barclays reissued an “underweight” rating and set a GBX 1,900 ($24.83) price target on shares of in a research report on Friday, June 28th. ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Zacks Investment Research raised Zymeworks from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Saturday, April 13th. BidaskClub downgraded Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Buckingham Research reduced their price target on State Street from $83.00 to $67.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a strong buy rating to the company. MarketAxess currently has a consensus rating of “Hold” and an average target price of $240.57.
Shares of NASDAQ:MKTX opened at $358.28 on Friday. The firm has a market capitalization of $13.51 billion, a P/E ratio of 78.40, a P/E/G ratio of 13.52 and a beta of 0.22. MarketAxess has a 1 year low of $172.09 and a 1 year high of $359.32. The company has a quick ratio of 10.82, a current ratio of 10.82 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $321.12.
In related news, insider Nicholas Themelis sold 1,489 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $265.61, for a total value of $395,493.29. Following the completion of the transaction, the insider now directly owns 53,564 shares in the company, valued at $14,227,134.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $281.14, for a total transaction of $5,622,800.00. Following the completion of the transaction, the chief executive officer now owns 1,006,289 shares of the company’s stock, valued at $282,908,089.46. The disclosure for this sale can be found here. Insiders sold a total of 27,591 shares of company stock worth $7,719,158 in the last 90 days. Company insiders own 3.28% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Executive Wealth Management LLC bought a new position in shares of MarketAxess during the fourth quarter valued at approximately $27,000. Berman Capital Advisors LLC bought a new position in shares of MarketAxess during the fourth quarter valued at approximately $30,000. Evolution Wealth Advisors LLC bought a new position in shares of MarketAxess during the second quarter valued at approximately $78,000. Bremer Bank National Association bought a new position in shares of MarketAxess during the first quarter valued at approximately $88,000. Finally, Quadrant Capital Group LLC increased its stake in shares of MarketAxess by 72.6% during the first quarter. Quadrant Capital Group LLC now owns 409 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 99.19% of the company’s stock.
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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