MarketAxess Holdings (MKTX) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Jul 15, 2016.
On the company’s financial health, MarketAxess Holdings reported $0.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.79. The company had revenue of $88.60 million for the quarter, compared to analysts expectations of $88.99 million. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.
MarketAxess Holdings closed down -0.38 points or -0.25% at $150.7 with 3,34,123 shares getting traded on Wednesday. Post opening the session at $151.4, the shares hit an intraday low of $150.15 and an intraday high of $152.23 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 25, 2016, David G Gomach (director) sold 4,923 shares at $139.25 per share price. According to the SEC, 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.