Are MarketAxess Holdings (NASDAQ:MKTX) Shares Worth Your Time and Dime Following Recent Raymond James Downgrade?

January 23, 2018 - By Maria Brooks

 Are MarketAxess Holdings (NASDAQ:MKTX) Shares Worth Your Time and Dime Following Recent Raymond James Downgrade?

Investors sentiment increased to 1.28 in 2017 Q3. Its up 0.16, from 1.12 in 2017Q2. It is positive, as 32 investors sold MarketAxess Holdings Inc. shares while 82 reduced holdings. 37 funds opened positions while 109 raised stakes. 33.63 million shares or 0.11% less from 33.67 million shares in 2017Q2 were reported.

Paradigm Asset Mngmt Ltd Liability Corp has invested 0.04% of its portfolio in MarketAxess Holdings Inc. (NASDAQ:MKTX). Roosevelt Invest Group Incorporated holds 1.4% or 82,548 shares in its portfolio. State Of Wisconsin Inv Board reported 0% in MarketAxess Holdings Inc. (NASDAQ:MKTX). Jane Street Lc stated it has 3,292 shares or 0% of all its holdings. The Massachusetts-based Geode Capital Limited Liability has invested 0.02% in MarketAxess Holdings Inc. (NASDAQ:MKTX). Stephens Inc Ar holds 2,887 shares or 0.02% of its portfolio. Pacad Invest Limited reported 300 shares or 0.01% of all its holdings. Teachers Retirement System Of The State Of Kentucky reported 8,850 shares. Tower Research Lc (Trc) accumulated 0% or 152 shares. Next Century Growth Invsts Limited holds 2.09% in MarketAxess Holdings Inc. (NASDAQ:MKTX) or 94,296 shares. Koch Inc owns 1,733 shares. The Pennsylvania-based Pnc Financial Services Grp Inc has invested 0% in MarketAxess Holdings Inc. (NASDAQ:MKTX). Canandaigua Bancorp And owns 0.07% invested in MarketAxess Holdings Inc. (NASDAQ:MKTX) for 2,000 shares. Acadian Asset Mngmt Limited Co accumulated 37 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 5,483 shares or 0.01% of its portfolio.

Since August 8, 2017, it had 0 buys, and 1 sale for $3.97 million activity.

MarketAxess Holdings (NASDAQ:MKTX) Receives a Downgrade

Raymond James lowered their rating for shares of MarketAxess Holdings (NASDAQ:MKTX) from Outperform to Market Perform in an analyst note that was revealed to investors on Monday morning.

Investors sentiment increased to 1.28 in 2017 Q3. Its up 0.16, from 1.12 in 2017Q2. It is positive, as 32 investors sold MarketAxess Holdings Inc. shares while 82 reduced holdings. 37 funds opened positions while 109 raised stakes. 33.63 million shares or 0.11% less from 33.67 million shares in 2017Q2 were reported.

Paradigm Asset Mngmt Ltd Liability Corp has invested 0.04% of its portfolio in MarketAxess Holdings Inc. (NASDAQ:MKTX). Roosevelt Invest Group Incorporated holds 1.4% or 82,548 shares in its portfolio. State Of Wisconsin Inv Board reported 0% in MarketAxess Holdings Inc. (NASDAQ:MKTX). Jane Street Lc stated it has 3,292 shares or 0% of all its holdings. The Massachusetts-based Geode Capital Limited Liability has invested 0.02% in MarketAxess Holdings Inc. (NASDAQ:MKTX). Stephens Inc Ar holds 2,887 shares or 0.02% of its portfolio. Pacad Invest Limited reported 300 shares or 0.01% of all its holdings. Teachers Retirement System Of The State Of Kentucky reported 8,850 shares. Tower Research Lc (Trc) accumulated 0% or 152 shares. Next Century Growth Invsts Limited holds 2.09% in MarketAxess Holdings Inc. (NASDAQ:MKTX) or 94,296 shares. Koch Inc owns 1,733 shares. The Pennsylvania-based Pnc Financial Services Grp Inc has invested 0% in MarketAxess Holdings Inc. (NASDAQ:MKTX). Canandaigua Bancorp And owns 0.07% invested in MarketAxess Holdings Inc. (NASDAQ:MKTX) for 2,000 shares. Acadian Asset Mngmt Limited Co accumulated 37 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 5,483 shares or 0.01% of its portfolio.

Since August 8, 2017, it had 0 buys, and 1 sale for $3.97 million activity.

MarketAxess Holdings Inc. (NASDAQ:MKTX) Ratings Coverage

Among 8 analysts covering MarketAxess Holdings (NASDAQ:MKTX), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. MarketAxess Holdings has $220.0 highest and $103 lowest target. $188.80’s average target is -6.19% below currents $201.26 stock price. MarketAxess Holdings had 24 analyst reports since September 9, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 10 with “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, October 3. The rating was upgraded by Raymond James to “Outperform” on Monday, October 26. The stock of MarketAxess Holdings Inc. (NASDAQ:MKTX) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, June 1. The firm earned “Neutral” rating on Wednesday, January 25 by Credit Suisse. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, July 5. The firm has “Outperform” rating given on Thursday, October 22 by Keefe Bruyette & Woods. The rating was downgraded by Raymond James on Monday, January 22 to “Hold”. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, August 31 by Keefe Bruyette & Woods.

The stock decreased 3.42% or $7.13 during the last trading session, reaching $201.26. About 431,074 shares traded or 59.34% up from the average. MarketAxess Holdings Inc. (NASDAQ:MKTX) has risen 40.00% since January 23, 2017 and is uptrending. It has outperformed by 23.30% the S&P500.

Analysts await MarketAxess Holdings Inc. (NASDAQ:MKTX) to report earnings on January, 24. They expect $0.91 earnings per share, up 3.41 % or $0.03 from last year’s $0.88 per share. MKTX’s profit will be $34.16M for 55.29 P/E if the $0.91 EPS becomes a reality. After $0.90 actual earnings per share reported by MarketAxess Holdings Inc. for the previous quarter, Wall Street now forecasts 1.11 % 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 $7.56 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 51.72 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.

More notable recent MarketAxess Holdings Inc. (NASDAQ:MKTX) news were published by: Fool.com which released: “MarketAxess Holdings Inc. Earnings Rise Despite Tepid Trading Environment” on October 26, 2017, also Fool.com with their article: “MarketAxess Holdings Inc. Earnings Surge on Record Trading Volumes” published on April 28, 2017, Globenewswire.com published: “UPDATE – MarketAxess Approved as Recognised Market Operator By Monetary …” on September 25, 2017. More interesting news about MarketAxess Holdings Inc. (NASDAQ:MKTX) were released by: Nasdaq.com and their article: “MarketAxess Holdings, Inc. (MKTX) Ex-Dividend Date Scheduled for November 07, 2017” published on October 19, 2017 as well as Fool.com‘s news article titled: “MarketAxess Holdings Inc. Revenue Ticks Higher on International Expansion” with publication date: July 28, 2017.

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