MarketAxess - MKTX Stock Forecast, Price & News

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company provides various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Credit Suisse Group dropped their price objective on shares of MarketAxess from $316.00 to $305.00 and set a "neutral" rating for the company in a research note on Thursday, July 7th. Jefferies Financial Group dropped their price objective on shares of MarketAxess from $315.00 to $300.00 and set a "hold" rating for the company in a research note on Monday, June 27th. Atlantic Securities dropped their price objective on shares of MarketAxess from $340.00 to $306.00 and set a "neutral" rating for the company in a research note on Friday, June 10th. Compass Point raised shares of MarketAxess from a "sell" rating to a "neutral" rating and set a $275.00 price objective for the company in a research note on Thursday, April 21st. Finally, Piper Sandler dropped their price objective on shares of MarketAxess from $300.00 to $285.00 and set a "neutral" rating for the company in a research note on Friday, July 1st. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, MarketAxess presently has an average rating of "Hold" and a consensus price target of $310.00.

MarketAxess Trading Down 1.2 %

Shares of MKTX Stock traded down $3.27 during trading hours on Wednesday, reaching $274.25. 209,120 shares of the stock were exchanged, compared to its average volume of 341,035. MarketAxess has a 12-month low of $249.01 and a 12-month high of $487.79. The company's 50-day moving average price is $266.96 and its 200-day moving average price is $298.96. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 42.99 and a beta of 0.59.

MarketAxess (NASDAQ:MKTX - Get Rating) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.07. MarketAxess had a net margin of 34.77% and a return on equity of 23.55%. The company had revenue of $182.20 million during the quarter, compared to analyst estimates of $185.24 million. During the same quarter last year, the business posted $1.77 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts expect that MarketAxess will post 6.72 EPS for the current year.

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 17th. Investors of record on Wednesday, August 3rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, August 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 1.02%. MarketAxess's payout ratio is 43.89%.

Insider Activity at MarketAxess

In related news, insider Christophe Pierre Danie Roupie sold 1,740 shares of MarketAxess stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $285.03, for a total transaction of $495,952.20. Following the completion of the sale, the insider now owns 5,318 shares in the company, valued at approximately $1,515,789.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.94% of the stock is currently owned by company insiders.