MarketAxess FY2025 EPS Estimate Increased by William Blair

Key Points

• William Blair has raised its FY2025 EPS forecast for MarketAxess to $7.54, reflecting increased confidence in the financial services provider's earnings potential.
• The company's recent earnings report revealed a Q2 profit of $2.00 EPS, beating expectations by $0.06, and a revenue increase of 11% year-over-year.
• MarketAxess will pay a quarterly dividend of $0.76 per share on September 3rd, with a yield of 1.7% based on an annualized basis.

MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) - Stock analysts at William Blair raised their FY2025 EPS estimates for MarketAxess in a research note issued on Thursday, August 7th. William Blair analyst J. Schmitt now forecasts that the financial services provider will earn $7.54 per share for the year, up from their prior forecast of $7.35. The consensus estimate for MarketAxess' current full-year earnings is $7.79 per share. William Blair also issued estimates for MarketAxess' Q2 2026 earnings at $2.04 EPS, FY2026 earnings at $8.35 EPS, Q2 2027 earnings at $2.37 EPS and FY2027 earnings at $9.45 EPS.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.06. MarketAxess had a net margin of 26.62% and a return on equity of 20.41%. The firm had revenue of $219.46 million for the quarter, compared to the consensus estimate of $218.05 million. During the same period in the prior year, the firm earned $1.72 EPS. The firm's revenue for the quarter was up 11.0% on a year-over-year basis.

MKTX has been the topic of several other reports. Morgan Stanley cut their target price on shares of MarketAxess from $283.00 to $274.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 15th. Wall Street Zen raised shares of MarketAxess from a "sell" rating to a "hold" rating in a research note on Saturday. UBS Group lowered their price target on shares of MarketAxess from $295.00 to $255.00 and set a "buy" rating for the company in a report on Thursday. Piper Sandler reiterated a "neutral" rating and set a $204.00 price target (up previously from $202.00) on shares of MarketAxess in a report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $232.11.

MarketAxess Trading Up 1.4%

MKTX traded up $2.58 during trading hours on Friday, hitting $187.01. 707,678 shares of the company's stock were exchanged, compared to its average volume of 499,675. MarketAxess has a 12-month low of $182.99 and a 12-month high of $296.68. The firm has a 50 day moving average of $215.61 and a 200 day moving average of $213.39. The firm has a market cap of $6.99 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 3.56 and a beta of 0.84.

MarketAxess Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 20th. MarketAxess's payout ratio is presently 51.18%.

Institutional Trading of MarketAxess

A number of large investors have recently made changes to their positions in MKTX. Geneos Wealth Management Inc. boosted its holdings in shares of MarketAxess by 200.0% in the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 80 shares during the period. True Wealth Design LLC boosted its stake in MarketAxess by 992.9% during the 2nd quarter. True Wealth Design LLC now owns 153 shares of the financial services provider's stock worth $34,000 after purchasing an additional 139 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in MarketAxess by 49.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock worth $35,000 after purchasing an additional 54 shares during the period. Harbor Investment Advisory LLC acquired a new stake in MarketAxess during the 2nd quarter worth $37,000. Finally, UMB Bank n.a. boosted its stake in MarketAxess by 57.4% during the 1st quarter. UMB Bank n.a. now owns 222 shares of the financial services provider's stock worth $48,000 after purchasing an additional 81 shares during the period. 99.01% of the stock is owned by institutional investors and hedge funds.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.