Zacks Research Has Negative View of MarketAxess Q4 Earnings

MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) - Zacks Research dropped their Q4 2026 EPS estimates for shares of MarketAxess in a report released on Wednesday, May 21st. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $2.12 for the quarter, down from their previous forecast of $2.24. The consensus estimate for MarketAxess' current full-year earnings is $7.79 per share.

A number of other equities research analysts also recently commented on MKTX. The Goldman Sachs Group dropped their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Wall Street Zen upgraded MarketAxess from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Bank of America upped their price objective on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their target price on MarketAxess from $223.00 to $226.00 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. Finally, Piper Sandler decreased their target price on MarketAxess from $213.00 to $202.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, MarketAxess currently has an average rating of "Hold" and a consensus price target of $241.78.

MarketAxess Price Performance

Shares of MKTX stock traded up $0.49 during trading hours on Monday, reaching $214.57. 92,301 shares of the stock were exchanged, compared to its average volume of 640,829. The business's fifty day moving average is $217.98 and its two-hundred day moving average is $221.91. The firm has a market capitalization of $8.05 billion, a P/E ratio of 29.51, a P/E/G ratio of 3.89 and a beta of 0.89. MarketAxess has a 12-month low of $186.84 and a 12-month high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.82 by $0.05. The firm had revenue of $208.58 million during the quarter, compared to analysts' expectations of $211.81 million. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. MarketAxess's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global X Japan Co. Ltd. grew its holdings in shares of MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after buying an additional 70 shares during the last quarter. Allianz SE purchased a new position in shares of MarketAxess in the 4th quarter valued at approximately $27,000. Geneos Wealth Management Inc. increased 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 purchasing an additional 80 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 104 shares during the period. Finally, SRS Capital Advisors Inc. raised its stake in shares of MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after purchasing an additional 139 shares during the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.

MarketAxess Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be given a $0.76 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.04 annualized dividend and a yield of 1.42%. MarketAxess's dividend payout ratio (DPR) is 52.87%.

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.