William Blair Initiates Coverage on MarketAxess Holdings to Market Perform

William Blair Initiates Coverage on MarketAxess Holdings(NASDAQ:MKTX). The shares have been rated Market Perform. The rating by William Blair was issued on Jun 20, 2016.

In a different note, On Apr 8, 2016, Keefe Bruyette & Woods said it Maintains its rating on MarketAxess Holdings. In the research note, the firm Raises the price-target to $115.00 per share. The shares have been rated ‘Outperform’ by the firm.

MarketAxess Holdings (MKTX) shares turned negative on Fridays trading session with the shares closing down -4.95 points or -3.43% at a volume of 39,45,631. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $142.25. The peak price level was also seen at $142.25 while the days lowest was $137.88. Finally the shares closed at $139.18. The 52-week high of the shares is $144.14 while the 52-week low is $86.19. According to the latest information available, the market cap of the company is $5,228 M.

MarketAxess Holdings(MKTX) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $88.57M. Analysts had an estimated revenue of $89.12M. Earnings per share were $0.77. Analysts had estimated an EPS of $0.78.

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 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.

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