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

MKTX Stock opened at $277.52 on Wednesday. The stock has a market capitalization of $10.45 billion, a P/E ratio of 43.50 and a beta of 0.59. The business has a 50-day moving average of $267.09 and a 200-day moving average of $299.13. MarketAxess has a fifty-two week low of $249.01 and a fifty-two week high of $487.79.

MarketAxess (NASDAQ:MKTX - Get Rating) last posted its quarterly earnings data 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 company had revenue of $182.20 million during the quarter, compared to analysts' expectations of $185.24 million. During the same period in the prior year, the firm earned $1.77 earnings per share. MarketAxess's revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts expect that MarketAxess will post 6.72 EPS for the current year.

MarketAxess Dividend Announcement

The business 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. The ex-dividend date is Tuesday, August 2nd. This represents a $2.80 annualized dividend and a yield of 1.01%. MarketAxess's payout ratio is presently 43.89%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MKTX. Credit Suisse Group decreased their price target on MarketAxess from $316.00 to $305.00 and set a "neutral" rating on the stock in a research note on Thursday, July 7th. Atlantic Securities decreased their price target on MarketAxess from $340.00 to $306.00 and set a "neutral" rating on the stock in a research note on Friday, June 10th. Piper Sandler cut their price objective on MarketAxess from $300.00 to $285.00 and set a "neutral" rating for the company in a research report on Friday, July 1st. Compass Point upgraded MarketAxess from a "sell" rating to a "neutral" rating and set a $275.00 price objective for the company in a research report on Thursday, April 21st. Finally, Jefferies Financial Group dropped 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. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $328.22.

Insider Buying and Selling

In related news, insider Christophe Pierre Danie Roupie sold 1,740 shares of the company's stock in a transaction dated Tuesday, June 7th. The stock was 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 in the company, valued at $1,515,789.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.94% of the stock is currently owned by corporate insiders.