MarketAxess Holdings (MKTX) was Resumed by Credit Suisse to “Underperform”. Credit Suisse advised their investors in a research report released on Nov 21, 2016.
On the company’s financial health, MarketAxess Holdings reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.78. The company had revenue of $90.27 million for the quarter, compared to analysts expectations of $90.46 million. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.
MarketAxess Holdings closed down -1.56 points or -0.91% at $169.46 with 2,10,718 shares getting traded on Monday. Post opening the session at $170.8, the shares hit an intraday low of $168.53 and an intraday high of $172.19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 23, 2016, Nicholas Themelis (Chief Information Officer) sold 6,200 shares at $165.43 per share price. According to the SEC, on Aug 22, 2016, Antonio L Delise (Chief Financial Officer) sold 10,000 shares at $166.79 per share price. On Aug 9, 2016, Richard M Mcvey (Chairman & CEO) sold 30,000 shares at $162.56 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.