MarketAxess Holdings, Inc. (NASDAQ:MKTX) – Research analysts at William Blair boosted their FY2017 earnings per share estimates for MarketAxess Holdings in a research report issued on Wednesday. William Blair analyst C. Shutler now anticipates that the financial services provider will earn $4.10 per share for the year, up from their prior estimate of $4.01. William Blair also issued estimates for MarketAxess Holdings’ Q4 2017 earnings at $1.04 EPS and FY2018 earnings at $4.89 EPS.
A number of other brokerages have also recently commented on MKTX. BidaskClub raised MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Zacks Investment Research raised MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $210.00 price target on shares of MarketAxess Holdings in a research report on Friday, July 14th. Finally, Raymond James Financial, Inc. lifted their price target on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $197.17.
TRADEMARK VIOLATION WARNING: This news story was published by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.com-unik.info/2017/08/19/william-blair-research-analysts-boost-earnings-estimates-for-marketaxess-holdings-inc-mktx-updated-updated.html.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. The company had revenue of $97.31 million during the quarter, compared to analysts’ expectations of $96.42 million. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. MarketAxess Holdings’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.65%. MarketAxess Holdings’s payout ratio is currently 34.65%.
In other MarketAxess Holdings news, insider Kevin M. Mcpherson sold 9,286 shares of MarketAxess Holdings stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the completion of the transaction, the insider now owns 90,929 shares in the company, valued at approximately $18,308,554.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess Holdings stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $185.70, for a total value of $3,714,000.00. Following the transaction, the chief executive officer now owns 1,080,170 shares of the company’s stock, valued at approximately $200,587,569. The disclosure for this sale can be found here. Insiders have sold a total of 35,112 shares of company stock valued at $6,750,118 in the last quarter. Company insiders own 4.51% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its position in MarketAxess Holdings by 3.8% in the first quarter. American International Group Inc. now owns 75,058 shares of the financial services provider’s stock worth $14,073,000 after buying an additional 2,781 shares during the last quarter. Swiss National Bank raised its position in MarketAxess Holdings by 0.3% in the first quarter. Swiss National Bank now owns 62,106 shares of the financial services provider’s stock worth $11,644,000 after buying an additional 200 shares during the last quarter. Canada Pension Plan Investment Board raised its position in MarketAxess Holdings by 185.0% in the first quarter. Canada Pension Plan Investment Board now owns 5,700 shares of the financial services provider’s stock worth $1,069,000 after buying an additional 3,700 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in MarketAxess Holdings during the first quarter worth $327,000. Finally, Vanguard Group Inc. raised its position in MarketAxess Holdings by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,855,565 shares of the financial services provider’s stock worth $535,390,000 after buying an additional 134,735 shares during the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.
MarketAxess Holdings 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.
What are top analysts saying about MarketAxess Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for MarketAxess Holdings Inc. and related companies.