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.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MKTX shares. Morgan Stanley reduced their price objective on shares of MarketAxess from $338.00 to $325.00 and set an "equal weight" rating for the company in a report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of MarketAxess from $286.00 to $292.00 and gave the company a "hold" rating in a report on Friday. Piper Sandler reduced their price objective on shares of MarketAxess from $300.00 to $285.00 and set a "neutral" rating for the company in a report on Friday, July 1st. Atlantic Securities reduced their price objective on shares of MarketAxess from $340.00 to $306.00 and set a "neutral" rating for the company in a report on Friday, June 10th. Finally, Compass Point upgraded shares of MarketAxess from a "sell" rating to a "neutral" rating and set a $275.00 price target on the stock in a report on Thursday, April 21st. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, MarketAxess has an average rating of "Hold" and an average price target of $328.22.

MarketAxess Stock Performance

MKTX Stock traded up $4.87 during mid-day trading on Friday, hitting $270.86. The company had a trading volume of 161,982 shares, compared to its average volume of 348,790. The firm has a market cap of $10.20 billion, a PE ratio of 42.45 and a beta of 0.59. MarketAxess has a 12 month low of $249.01 and a 12 month high of $487.79. The stock's fifty day moving average price is $267.33 and its two-hundred day moving average price is $300.14.

MarketAxess (NASDAQ:MKTX - Get Rating) last posted its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $185.24 million. During the same quarter in the previous year, the firm posted $1.77 earnings per share. The company's quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that MarketAxess will post 6.72 earnings per share for the current year.

MarketAxess Dividend Announcement

The company also recently announced 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. This represents a $2.80 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Tuesday, August 2nd. MarketAxess's dividend payout ratio (DPR) is presently 43.89%.

Insider Buying and Selling

In related news, insider Christophe Pierre Danie Roupie sold 1,740 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $285.03, for a total transaction of $495,952.20. Following the sale, the insider now owns 5,318 shares of the company's stock, valued at approximately $1,515,789.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.94% of the stock is currently owned by insiders.