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.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MKTX shares. Credit Suisse Group dropped their price objective on shares of MarketAxess from $316.00 to $305.00 and set a "neutral" rating on the stock in a report on Thursday, July 7th. Rosenblatt Securities boosted their price objective on MarketAxess from $383.00 to $395.00 and gave the company a "buy" rating in a research report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft increased their target price on MarketAxess from $284.00 to $286.00 in a report on Thursday, July 21st. Morgan Stanley lowered their target price 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. Finally, Atlantic Securities reduced their target price on shares of MarketAxess from $340.00 to $306.00 and set a "neutral" rating for the company in a research report on Friday, June 10th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $327.56.

MarketAxess Stock Performance

Shares of NASDAQ:MKTX traded down $5.20 during trading hours on Friday, reaching $264.23. The stock had a trading volume of 198,969 shares, compared to its average volume of 335,898. MarketAxess has a 1 year low of $249.01 and a 1 year high of $492.42. The firm's 50 day moving average is $268.76 and its 200-day moving average is $303.01. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 41.42 and a beta of 0.59.

MarketAxess (NASDAQ:MKTX - Get Rating) last issued its 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 business had revenue of $182.20 million during the quarter, compared to analysts' expectations of $185.24 million. During the same quarter in the prior year, the business posted $1.77 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts forecast that MarketAxess will post 6.75 EPS for the current year.

MarketAxess Dividend Announcement

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 issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, August 2nd. MarketAxess's payout ratio is 43.89%.

Insider Activity

In related news, insider Christophe Pierre Danie Roupie sold 1,740 shares of the stock in a transaction 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 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 SEC, which can be accessed through the SEC website. Company insiders own 1.94% of the company's stock.