William Blair Has Weak Forecast for MarketAxess Q1 Earnings

MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) - William Blair decreased their Q1 2025 EPS estimates for shares of MarketAxess in a research note issued to investors on Monday, April 14th. William Blair analyst J. Schmitt now expects that the financial services provider will post earnings per share of $1.80 for the quarter, down from their previous estimate of $1.97. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for MarketAxess' current full-year earnings is $7.79 per share. William Blair also issued estimates for MarketAxess' Q2 2025 earnings at $1.96 EPS, Q3 2025 earnings at $1.91 EPS, Q4 2025 earnings at $1.78 EPS, FY2025 earnings at $7.45 EPS and FY2026 earnings at $8.20 EPS.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%.

MKTX has been the topic of several other reports. The Goldman Sachs Group decreased their price target on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Morgan Stanley raised shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, April 8th. UBS Group dropped their price target on MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Keefe, Bruyette & Woods dropped their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Finally, Piper Sandler cut their target price on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, MarketAxess currently has an average rating of "Hold" and an average price target of $252.11.

MarketAxess Trading Up 1.1 %

MarketAxess stock traded up $2.43 during midday trading on Tuesday, reaching $225.16. The company's stock had a trading volume of 351,905 shares, compared to its average volume of 487,333. The stock has a market cap of $8.49 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. MarketAxess has a 52 week low of $186.84 and a 52 week high of $296.68. The business has a 50-day moving average price of $207.54 and a 200-day moving average price of $234.20.

MarketAxess Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a $0.76 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from MarketAxess's previous quarterly dividend of $0.74. MarketAxess's payout ratio is 41.82%.

Institutional Investors Weigh In On MarketAxess

Several large investors have recently modified their holdings of the company. V Square Quantitative Management LLC lifted its holdings in MarketAxess by 4.0% in the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider's stock valued at $303,000 after buying an additional 52 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of MarketAxess by 49.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock worth $35,000 after acquiring an additional 54 shares in the last quarter. M&T Bank Corp lifted its stake in shares of MarketAxess by 4.0% in the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider's stock valued at $376,000 after purchasing an additional 56 shares during the period. State of Wyoming boosted its position in shares of MarketAxess by 13.6% during the 4th quarter. State of Wyoming now owns 483 shares of the financial services provider's stock valued at $109,000 after purchasing an additional 58 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in MarketAxess by 3.7% during the fourth quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider's stock worth $384,000 after purchasing an additional 61 shares during the period. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Company Profile

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.