MarketAxess (NASDAQ:MKTX) PT Lowered to $225.00 at Barclays

MarketAxess (NASDAQ:MKTX) had its price target cut by research analysts at Barclays from $236.00 to $225.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target indicates a potential upside of 9.85% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group cut their price target on MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. UBS Group cut their target price on MarketAxess from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday. Bank of America started coverage on shares of MarketAxess in a report on Wednesday, April 10th. They set an “underperform” rating and a $199.00 price objective for the company. Keefe, Bruyette & Woods lowered their target price on shares of MarketAxess from $235.00 to $230.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Morgan Stanley raised their target price on shares of MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $249.73.

MarketAxess Stock Up 1.3 %

Shares of MKTX opened at $204.82 on Wednesday. MarketAxess has a 52 week low of $198.01 and a 52 week high of $303.85. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 4.26 and a beta of 0.98. The business has a 50-day simple moving average of $212.86 and a two-hundred day simple moving average of $234.52.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Tuesday, May 7th. The financial services provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $210.30 million for the quarter, compared to analysts’ expectations of $212.99 million. MarketAxess had a net margin of 34.29% and a return on equity of 21.76%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.96 EPS. On average, equities analysts anticipate that MarketAxess will post 7.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the transaction, the executive now owns 70,092 shares of the company’s stock, valued at approximately $15,508,555.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.66% of the company’s stock.

Hedge Funds Weigh In On MarketAxess

Several institutional investors have recently modified their holdings of the business. Allworth Financial LP grew its stake in MarketAxess by 347.6% during the 4th quarter. Allworth Financial LP now owns 94 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Gladius Capital Management LP grew its position in shares of MarketAxess by 39.6% during the third quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock worth $29,000 after buying an additional 38 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of MarketAxess by 1,030.8% during the first quarter. Venturi Wealth Management LLC now owns 147 shares of the financial services provider’s stock worth $32,000 after buying an additional 134 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of MarketAxess by 155.8% during the fourth quarter. Parallel Advisors LLC now owns 110 shares of the financial services provider’s stock worth $32,000 after buying an additional 67 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in MarketAxess by 47.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.