MarketAxess (NASDAQ:MKTX) PT raised to $286.00
MarketAxess (NASDAQ:MKTX – Get a Rating) saw its price target raised by equity research analysts at Deutsche Bank Aktiengesellschaft from $284.00 to $286.00 in a research report released Thursday to clients and investors, reports The Fly. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 5.60% from the stock’s previous close.
Several other research analysts have also recently released reports on the stock. Piper Sandler lowered its target price on MarketAxess shares from $300.00 to $285.00 and set a “neutral” rating for the company in a Friday, July 1 report. Compass Point upgraded MarketAxess shares from a “sell” to a “neutral” rating and set a price target of $275.00 for the company in a Thursday, April 21 research report. Rosenblatt Securities raised its price target on MarketAxess shares from $383.00 to $395.00 and gave the company a “buy” rating in a Thursday, April 21 research report. Morgan Stanley cut its price target on MarketAxess shares from $338.00 to $325.00 and set an “equal weight” rating for the company in a research report Tuesday. Finally, Atlantic Securities cut its price target on MarketAxess shares from $340.00 to $306.00 and set a “neutral” rating for the company in a Friday, June 10 research report. Nine investment analysts gave the stock a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $327.56.
MarketAxess trades up 0.1%
MarketAxess shares opened at $270.84 on Thursday. The company has a fifty-day simple moving average of $270.07 and a 200-day simple moving average of $310.98. MarketAxess has a 12-month low of $249.01 and a 12-month high of $498.97. The stock has a market capitalization of $10.14 billion, a price-earnings ratio of 42.45 and a beta of 0.59.
MarketAxess (NASDAQ:MKTX – Get Rating) last released its results on Wednesday, July 20. The financial services provider reported earnings per share (EPS) of $1.78 for the quarter, beating the consensus estimate of $1.71 by $0.07. MarketAxess had a net margin of 34.77% and a return on equity of 23.55%. The company posted revenue of $182.20 million in the quarter, compared to $185.24 million expected by analysts. In the same quarter a year earlier, the company posted EPS of $1.77. The company’s revenue for the quarter increased 3.3% year over year. On average, analysts expect MarketAxess to post earnings per share of 6.79 for the current fiscal year.
In other news, insider Christophe Pierre Danie Roupie sold 1,740 shares in a trade dated Tuesday, June 7. The shares were sold at an average price of $285.03, for a total value of $495,952.20. Following the completion of the transaction, the insider now owns 5,318 shares of the company, valued at approximately $1,515,789.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Insiders own 1.94% of the shares of the company.
Hedge funds weigh on MarketAxess
A number of large investors have recently changed their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in MarketAxess in Q4 valued at approximately $450,263,000. Goldman Sachs Group Inc. increased its stake in MarketAxess by 66.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 232,017 shares of the financial services provider valued at $95,423,000 after acquiring an additional 92,362 shares in the last quarter. Ownership Capital BV increased its stake in MarketAxess by 7.0% in the 4th quarter. Ownership Capital BV now owns 1,324,169 shares of the financial services provider valued at $544,591,000 after acquiring an additional 86,977 shares in the last quarter. Primecap Management Co. CA increased its stake in MarketAxess by 18.4% in the 1st quarter. Primecap Management Co. CA now owns 549,500 shares of the financial services provider valued at $186,940,000 after acquiring an additional 85,310 shares in the last quarter. Finally, Sei Investments Co. increased its stake in MarketAxess by 424.5% in the 1st quarter. Sei Investments Co. now owns 87,651 shares of the financial services provider valued at $29,741,000 after acquiring an additional 70,941 shares in the last quarter. Hedge funds and other institutional investors own 96.50% of the company’s shares.
About Market Axess
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MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investors and brokerage firms worldwide. It provides access to liquidity in investment-grade US bonds, US high-yield bonds and US Treasuries, as well as municipal bonds, emerging market debt, Eurobonds and other fixed-income securities. fixed income.
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