MarketAxess Holdings Inc. (MKTX) – What Are Brokerages Thinking About This Stock?

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) have been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat reports. Twelve investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $159.44.

A number of equities analysts have commented on MKTX shares. Keefe, Bruyette & Woods lowered MarketAxess from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $150.00 to $167.00 in a research note on Tuesday, August 11th. William Blair lowered MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Weiss Ratings raised MarketAxess from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Piper Sandler cut their price target on MarketAxess from $175.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Finally, Barclays upped their price target on shares of MarketAxess from $132.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th.

Insider Buying and Selling at MarketAxess

In other news, Director William Cruger, Jr. sold 6,164 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $163.20, for a total transaction of $1,005,964.80. Following the transaction, the director directly owned 4,033 shares in the company, valued at approximately $658,185.60. This represents a 60.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 6,464 shares of company stock valued at $1,055,022 over the last ninety days. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On MarketAxess

Several hedge funds have recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC bought a new stake in shares of MarketAxess during the third quarter worth $39,000. Walled Lake Planning & Wealth Management LLC increased its holdings in shares of MarketAxess by 262.6% during the third quarter. Walled Lake Planning & Wealth Management LLC now owns 11,299 shares of the financial services provider’s stock worth $1,852,000 after buying an additional 8,183 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of MarketAxess in the 3rd quarter valued at $14,715,000. Vise Technologies Inc. bought a new position in shares of MarketAxess in the 3rd quarter valued at $368,000. Finally, Parcion Private Wealth LLC bought a new position in shares of MarketAxess in the 3rd quarter valued at $279,000. Institutional investors own 99.01% of the company’s stock.

MarketAxess Trading Up 0.2%

Shares of MKTX stock opened at $165.30 on Tuesday. MarketAxess has a 12-month low of $108.75 and a 12-month high of $195.96. The company has a market capitalization of $5.82 billion, a P/E ratio of 20.23, a P/E/G ratio of 2.21 and a beta of 0.80. The firm has a 50-day moving average price of $163.78 and a 200 day moving average price of $155.50. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.09.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Friday, October 23rd. The financial services provider reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $210.41 million for the quarter, compared to analyst estimates of $218.98 million. MarketAxess had a return on equity of 23.15% and a net margin of 33.51%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 EPS. Research analysts forecast that MarketAxess will post 8.02 earnings per share for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, November 10th. MarketAxess’s dividend payout ratio (DPR) is presently 38.19%.

About MarketAxess

MarketAxess Holdings Inc operates an electronic trading platform for fixed-income securities and related market data services. The company connects institutional investors, broker-dealers and other market participants, enabling them to trade corporate bonds, government bonds, emerging-market debt and other credit products through digital workflows.

Its offerings include electronic request-for-quote trading, all-to-all trading through its Open Trading marketplace, portfolio trading, and tools designed to support pricing, liquidity discovery and trade execution.