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.

MarketAxess Price Performance

MarketAxess stock opened at $270.86 on Monday. The firm has a market capitalization of $10.20 billion, a P/E ratio of 42.45 and a beta of 0.59. MarketAxess has a 1-year low of $249.01 and a 1-year high of $487.79. The company's 50-day moving average is $267.33 and its 200 day moving average is $299.70.

MarketAxess (NASDAQ:MKTX - Get Rating) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. MarketAxess had a return on equity of 23.55% and a net margin of 34.77%. The firm had revenue of $182.20 million for the quarter, compared to the consensus estimate of $185.24 million. During the same period in the prior year, the business posted $1.77 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts anticipate that MarketAxess will post 6.72 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Stockholders of record on Wednesday, August 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, August 2nd. MarketAxess's dividend payout ratio is currently 43.89%.

Analyst Ratings Changes

MKTX has been the topic of several research analyst reports. Piper Sandler decreased their price target on shares of MarketAxess from $300.00 to $285.00 and set a "neutral" rating on the stock in a research note on Friday, July 1st. Compass Point upgraded MarketAxess from a "sell" rating to a "neutral" rating and set a $275.00 price target for the company in a report on Thursday, April 21st. Jefferies Financial Group lowered their target price on MarketAxess from $315.00 to $300.00 and set a "hold" rating for the company in a research report on Monday, June 27th. Credit Suisse Group reduced their price target on shares of MarketAxess from $316.00 to $305.00 and set a "neutral" rating on the stock in a research report on Thursday, July 7th. Finally, Morgan Stanley decreased their price target on shares of MarketAxess from $338.00 to $325.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 19th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, MarketAxess presently has a consensus rating of "Hold" and an average target price of $328.22.

Insider Activity

In related news, insider Christophe Pierre Danie Roupie sold 1,740 shares of the firm's stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $285.03, for a total value of $495,952.20. Following the transaction, 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 available at this link. Insiders own 1.94% of the company's stock.