IsMarketaxess (NASDAQ:MKTX) An Attractive Buy? Barclays Initiates Coverage

September 8, 2018 - By Kristin Houston

MarketAxess Holdings Inc. (NASDAQ:MKTX) Logo

Investors sentiment increased to 1.17 in Q1 2018. Its up 0.18, from 0.99 in 2017Q4. It improved, as 27 investors sold MarketAxess Holdings Inc. shares while 84 reduced holdings. 39 funds opened positions while 91 raised stakes. 35.96 million shares or 0.42% less from 36.11 million shares in 2017Q4 were reported.

Huntington Financial Bank owns 0% invested in MarketAxess Holdings Inc. (NASDAQ:MKTX) for 206 shares. 15 were reported by Smithfield Trust Commerce. Sei Invests Communications reported 0.02% in MarketAxess Holdings Inc. (NASDAQ:MKTX). Quantitative Inv Mngmt Limited Liability Corporation stated it has 0.08% in MarketAxess Holdings Inc. (NASDAQ:MKTX). 3 are held by Qs Investors Ltd Com. Fdx stated it has 1,143 shares. Grandeur Peak Limited Liability invested in 1.79% or 73,025 shares. Lord Abbett & Co Limited Com owns 0.06% invested in MarketAxess Holdings Inc. (NASDAQ:MKTX) for 99,663 shares. Shine Advisory invested in 94 shares or 0.01% of the stock. Prudential Fincl holds 23,976 shares or 0.01% of its portfolio. Envestnet Asset Management reported 6,018 shares stake. Ubs Asset Mngmt Americas Inc holds 32,752 shares or 0% of its portfolio. Mackenzie Fincl Corporation reported 0% in MarketAxess Holdings Inc. (NASDAQ:MKTX). Raymond James Assoc reported 63,091 shares or 0.02% of all its holdings. Comerica Bancorp stated it has 0.04% in MarketAxess Holdings Inc. (NASDAQ:MKTX).

Since March 9, 2018, it had 0 insider purchases, and 4 insider sales for $11.61 million activity. 35,000 MarketAxess Holdings Inc. (NASDAQ:MKTX) shares with value of $7.11 million were sold by McVey Richard M. Themelis Nicholas sold $2.39 million worth of MarketAxess Holdings Inc. (NASDAQ:MKTX) on Tuesday, August 14. The insider GOMACH DAVID G sold 7,553 shares worth $1.55M.

How Barclays Currently Rates Marketaxess (NASDAQ:MKTX)

In an analyst note sent to investors and clients on 7 September, Barclays analyst just initiated coverage of Marketaxess (NASDAQ:MKTX) with Equal Weight rating.

MarketAxess Holdings Inc. (NASDAQ:MKTX) Ratings Coverage

Among 5 analysts covering Marketaxess Holdings (NASDAQ:MKTX), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Marketaxess Holdings has $22000 highest and $205 lowest target. $214.75’s average target is 14.86% above currents $186.96 stock price. Marketaxess Holdings had 5 analyst reports since April 4, 2018 according to SRatingsIntel. The stock has “Hold” rating by Sandler O’Neill on Wednesday, April 4. The rating was downgraded by Wood to “Market Perform” on Thursday, April 12. The rating was downgraded by Keefe Bruyette & Woods to “Hold” on Wednesday, April 11.

The stock increased 1.51% or $2.79 during the last trading session, reaching $186.96. About 214,320 shares traded or 11.74% up from the average. MarketAxess Holdings Inc. (NASDAQ:MKTX) has risen 7.67% since September 8, 2017 and is uptrending. It has underperformed by 4.90% the S&P500.

Analysts await MarketAxess Holdings Inc. (NASDAQ:MKTX) to report earnings on October, 24. They expect $0.99 EPS, up 10.00 % or $0.09 from last year’s $0.9 per share. MKTX’s profit will be $37.19 million for 47.21 P/E if the $0.99 EPS becomes a reality. After $1.07 actual EPS reported by MarketAxess Holdings Inc. for the previous quarter, Wall Street now forecasts -7.48 % negative EPS growth.

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. The company has market cap of $7.02 billion. It offers institutional investor and broker-dealer the access to global liquidity in U.S. high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, U.S. agency bonds, municipal bonds, credit default swaps, and other fixed-income securities. It has a 45.5 P/E ratio. The firm through its Open Trading protocol, executes trades in certain bonds between and among institutional investor and broker-dealer clients in an all-to-all trading environment on a matched principal basis.

Another recent and important MarketAxess Holdings Inc. (NASDAQ:MKTX) news was published by Globenewswire.com which published an article titled: “MarketAxess Announces Monthly Volume Statistics for August 2018” on September 05, 2018.

MarketAxess Holdings Inc. (NASDAQ:MKTX) Institutional Positions Chart

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