The stock of MarketAxess Holdings Inc. (NASDAQ:MKTX) last traded at $379.87, up 2.25% from the previous session.
Data from the available sources indicates that MarketAxess Holdings Inc. (NASDAQ:MKTX) is covered by 14 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $415.00 and a low of $288.00, we find $345.50. Given the previous closing price of $371.52, this indicates a potential downside of -7.0 percent. MKTX stock price is now 10.23% away from the 50-day moving average and 35.28% away from the 200-day moving average. The market capitalization of the company currently stands at $14.56B.
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In total, 11 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $348.60 as their price target over the next twelve months.
With the price target enhanced from $321 to $403, Atlantic Equities Upgraded its rating from Neutral to Overweight for MarketAxess Holdings Inc. (NASDAQ: MKTX). On October 12, 2022, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $285, while ‘Rosenblatt’ rates the stock as ‘Sell’.
In other news, Pintoff Scott, General Counsel and Secretary sold 250 shares of the company’s stock on Mar 08. The stock was sold for $89,700 at an average price of $358.80. Upon completion of the transaction, the General Counsel and Secretary now directly owns 7,156 shares in the company, valued at $2.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03, Head of EMEA and APAC Roupie Christophe Pierre Danie sold 604 shares of the business’s stock. A total of $221,414 was realized by selling the stock at an average price of $366.58. This leaves the insider owning 5,882 shares of the company worth $2.23 million. Insiders disposed of 90,026 shares of company stock worth roughly $34.2 million over the past 1 year. A total of 1.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MKTX stock. A new stake in MarketAxess Holdings Inc. shares was purchased by WESTFIELD CAPITAL MANAGEMENT CO LP during the first quarter worth $54,878,000. LORD, ABBETT & CO. LLC invested $30,959,000 in shares of MKTX during the first quarter. In the first quarter, ARTISAN PARTNERS LIMITED PARTNERSHIP acquired a new stake in MarketAxess Holdings Inc. valued at approximately $22,338,000. ADAMS DIVERSIFIED EQUITY FUND, INC. acquired a new stake in MKTX for approximately $15,112,000. WALLEYE CAPITAL LLC purchased a new stake in MKTX valued at around $11,742,000 in the second quarter. In total, there are 790 active investors with 99.60% ownership of the company’s stock.
With an opening price of $367.80 on Wednesday morning, MarketAxess Holdings Inc. (NASDAQ: MKTX) set off the trading day. During the past 12 months, MarketAxess Holdings Inc. has had a low of $217.44 and a high of $389.57. The fifty day moving average price for MKTX is $346.63 and a two-hundred day moving average price translates $281.28 for the stock.
The latest earnings results from MarketAxess Holdings Inc. (NASDAQ: MKTX) was released for Dec, 2022. According to the Capital Markets Company, earnings per share came in at $1.58, beating analysts’ expectations of $1.56 by 0.02. This compares to $1.37 EPS in the same period last year. The net profit margin was 34.80% and return on equity was 24.30% for MKTX. The company reported revenue of $177.9 million for the quarter, compared to $165.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.78 percent. For the current quarter, analysts expect MKTX to generate $202.18M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/22/2023. Investors who held shares on 02/08/2023 were paid a $0.72 dividend. On an annualized basis, this represents a $2.88 dividend and a 0.76% percent yield. There was an ex-dividend date of 02/07/2023 for this dividend. In terms of dividend payout ratio, MKTX is presently at 41.90%.
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