MarketAxess Holdings(NASDAQ:MKTX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $96.64M. Analysts estimated a revenue of $91.43M. Earnings per share were $0.88. Analysts had estimated an EPS of $0.82.
In a different note, On Jul 15, 2016, Raymond James said it Downgrades its rating on MarketAxess Holdings. The shares have been rated ‘Market Perform’ by the firm. William Blair said it Initiates Coverage on MarketAxess Holdings, according to a research note issued on Jun 20, 2016. The shares have been rated ‘Market Perform’ by the firm.
MarketAxess Holdings (MKTX) made into the market gainers list on Thursdays trading session with the shares advancing 0.41% or 0.67 points. Due to strong positive momentum, the stock ended at $162.41, which is also near the day’s high of $162.93. The stock began the session at $162.35 and the volume stood at 2,10,328 shares. The 52-week high of the shares is $163.39 and the 52 week low is $86.19. The company has a current market capitalization of $6,111 M and it has 3,76,27,445 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On May 25, 2016, David G Gomach (director) sold 4,923 shares at $139.25 per share price.Also, On May 11, 2016, Stephen P Casper (director) sold 365 shares at $127.69 per share price.On May 11, 2016, Richard M Mcvey (Chairman & CEO) sold 80,000 shares at $127.45 per share price, according to the Form-4 filing with the securities and exchange commission.
MarketAxess Holdings Inc. (MarketAxess) 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 Companys 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 Companys 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.