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

MarketAxess (NASDAQ:MKTX) had its price target reduced by research analysts at Barclays from $256.00 to $225.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 11.73% from the company’s current price.

MKTX has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price objective on shares of MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods lowered their price objective on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a research report on Friday. Piper Sandler lowered their price objective on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, UBS Group reduced their target price on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $257.33.

MarketAxess Trading Up 0.0 %

Shares of MKTX traded up $0.06 during trading hours on Friday, reaching $201.37. 767,793 shares of the stock traded hands, compared to its average volume of 510,860. The stock has a fifty day simple moving average of $227.76 and a 200 day simple moving average of $246.99. MarketAxess has a 52 week low of $192.42 and a 52 week high of $296.68. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 4.48 and a beta of 1.02.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. Analysts predict that MarketAxess will post 7.25 earnings per share for the current fiscal year.

Insider Activity at MarketAxess

In other MarketAxess news, General Counsel Scott Pintoff sold 300 shares of MarketAxess stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $240.57, for a total transaction of $72,171.00. Following the completion of the sale, the general counsel now directly owns 8,302 shares in the company, valued at $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard M. Mcvey sold 10,000 shares of MarketAxess stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $267.67, for a total transaction of $2,676,700.00. Following the sale, the chairman now owns 562,029 shares of the company’s stock, valued at approximately $150,438,302.43. The trade was a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,300 shares of company stock valued at $8,183,871. Corporate insiders own 2.66% of the company’s stock.

Institutional Investors Weigh In On MarketAxess

Several hedge funds have recently bought and sold shares of MKTX. Accent Capital Management LLC bought a new stake in MarketAxess during the third quarter valued at approximately $25,000. Global X Japan Co. Ltd. lifted its position in MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 70 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in MarketAxess by 495.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 104 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. Finally, Park Place Capital Corp bought a new stake in MarketAxess during the fourth quarter valued at approximately $44,000. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Company Profile

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.