MarketAxess Holdings Inc. (NASDAQ:MKTX) had its price objective raised by research analysts at Macquarie from $84.00 to $92.00 in a note issued to investors on Thursday, MarketBeat.com reports. The firm currently has an “underperform” rating on the stock. Macquarie’s target price would indicate a potential downside of 20.53% from the stock’s current price.

MarketAxess Holdings (NASDAQ:MKTX) traded down 0.40% during midday trading on Thursday, hitting $115.76. The stock had a trading volume of 383,690 shares. MarketAxess Holdings has a 12 month low of $74.17 and a 12 month high of $117.03. The company has a market cap of $4.25 billion and a P/E ratio of 45.40. The firm’s 50-day moving average price is $107.53 and its 200 day moving average price is $100.55.

MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, January 27th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. The company had revenue of $76.60 million for the quarter, compared to the consensus estimate of $76.41 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. MarketAxess Holdings’s revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that MarketAxess Holdings will post $2.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 25th. Shareholders of record on Thursday, February 11th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, February 9th. This is a positive change from MarketAxess Holdings’s previous quarterly dividend of $0.20.

In other MarketAxess Holdings news, Director Stephen P. Casper sold 1,500 shares of the stock in a transaction that occurred on Monday, December 7th. The stock was sold at an average price of $112.40, for a total value of $168,600.00. Following the completion of the sale, the director now owns 43,866 shares in the company, valued at approximately $4,930,538.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Richard M. Mcvey sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $98.86, for a total value of $3,954,400.00. Following the completion of the sale, the chief executive officer now owns 1,011,408 shares of the company’s stock, valued at approximately $99,987,794.88. The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. State Treasurer State of Michigan acquired a new stake in MarketAxess Holdings during the fourth quarter valued at $1,640,000. AlphaMark Advisors LLC boosted its position in MarketAxess Holdings by 24.4% in the fourth quarter. AlphaMark Advisors LLC now owns 12,536 shares of the company’s stock worth $1,399,000 after buying an additional 2,456 shares during the last quarter. American Century Companies Inc. boosted its position in MarketAxess Holdings by 292.5% in the fourth quarter. American Century Companies Inc. now owns 443,516 shares of the company’s stock worth $49,492,000 after buying an additional 330,516 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in MarketAxess Holdings during the fourth quarter worth approximately $1,227,000. Finally, Oregon Public Employees Retirement Fund purchased a new position in MarketAxess Holdings during the fourth quarter worth approximately $1,305,000.

Several other research firms have also issued reports on MKTX. Keefe, Bruyette & Woods raised their price target on MarketAxess Holdings from $105.00 to $110.00 in a research report on Friday, December 11th. Zacks Investment Research lowered MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, January 7th. Finally, Raymond James upgraded MarketAxess Holdings from a “market perform” rating to an “outperform” rating in a research report on Monday, October 26th.

MarketAxess Holdings Inc. (NASDAQ:MKTX) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data analytics, compliance tools and post-trade services. The Company offers its broker-dealer clients a solution that allows them to reach institutional investor clients for the distribution and trading of bonds. The Company’s trading platform provides access to global liquidity in United States high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, United States agency bonds, credit derivatives and other fixed-income securities. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. The Company offers various services, including Information Services, Post-Trade Services and Straight-Through Processing.

12 Month Chart for NASDAQ:MKTX

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