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 Trading Up 1.8 %

MKTX Stock opened at $270.86 on Friday. The business's 50-day moving average price is $267.33 and its two-hundred day moving average price is $299.91. 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 1-year low of $249.01 and a 1-year high of $487.79.

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

MarketAxess Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MKTX shares. Piper Sandler lowered their target price on MarketAxess from $300.00 to $285.00 and set a "neutral" rating for the company in a research note on Friday, July 1st. Credit Suisse Group lowered their target price on MarketAxess from $316.00 to $305.00 and set a "neutral" rating for the company in a research note on Thursday, July 7th. Compass Point raised MarketAxess from a "sell" rating to a "neutral" rating and set a $275.00 target price for the company in a research note on Thursday, April 21st. Deutsche Bank Aktiengesellschaft lifted their target price on MarketAxess from $286.00 to $292.00 and gave the company a "hold" rating in a research note on Friday. Finally, Atlantic Securities decreased their price objective on MarketAxess from $340.00 to $306.00 and set a "neutral" rating for the company in a research note on Friday, June 10th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, MarketAxess currently has a consensus rating of "Hold" and an average target price of $328.22.

Insider Activity

In other news, insider Christophe Pierre Danie Roupie sold 1,740 shares of the business's stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $285.03, for a total value of $495,952.20. Following the sale, the insider now directly owns 5,318 shares in the company, valued at $1,515,789.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.94% of the company's stock.