Analysts Issue Forecasts for MarketAxess FY2025 Earnings

MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) - Investment analysts at William Blair dropped their FY2025 earnings per share (EPS) estimates for shares of MarketAxess in a research note issued to investors on Monday, January 13th. William Blair analyst J. Schmitt now expects that the financial services provider will post earnings per share of $8.10 for the year, down from their prior estimate of $8.20. The consensus estimate for MarketAxess' current full-year earnings is $7.38 per share. William Blair also issued estimates for MarketAxess' FY2026 earnings at $9.10 EPS.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.05. The business had revenue of $206.70 million for the quarter, compared to the consensus estimate of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The business's revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 EPS.

A number of other equities research analysts have also recently weighed in on MKTX. The Goldman Sachs Group lifted their price objective on MarketAxess from $204.00 to $233.00 and gave the company a "neutral" rating in a research note on Monday, September 30th. UBS Group lifted their target price on MarketAxess from $330.00 to $335.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Morgan Stanley raised their price objective on shares of MarketAxess from $262.00 to $314.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods dropped their price objective on shares of MarketAxess from $255.00 to $251.00 and set a "market perform" rating for the company in a report on Monday. Finally, Piper Sandler reduced their target price on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $261.30.

MarketAxess Stock Up 0.5 %

NASDAQ MKTX traded up $1.19 on Wednesday, reaching $217.82. The stock had a trading volume of 531,221 shares, compared to its average volume of 448,002. The stock has a fifty day moving average price of $244.04 and a two-hundred day moving average price of $246.40. MarketAxess has a 12-month low of $192.42 and a 12-month high of $296.68. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 9.49 and a beta of 1.03.

MarketAxess Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, November 20th. MarketAxess's dividend payout ratio is presently 40.11%.

Insider Buying and Selling at MarketAxess

In related news, Chairman Richard M. Mcvey sold 10,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $267.67, for a total value of $2,676,700.00. Following the transaction, the chairman now directly owns 562,029 shares of the company's stock, valued at $150,438,302.43. This trade represents a 1.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Scott Pintoff sold 300 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $240.57, for a total transaction of $72,171.00. Following the completion of the sale, the general counsel now directly owns 8,302 shares of the company's stock, valued at approximately $1,997,212.14. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,300 shares of company stock worth $8,183,871 over the last ninety days. Corporate insiders own 2.66% of the company's stock.

Institutional Trading of MarketAxess

A number of hedge funds and other institutional investors have recently made changes to their positions in MKTX. Accent Capital Management LLC acquired a new stake in shares of MarketAxess in the 3rd quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new stake in shares of MarketAxess in the second quarter valued at approximately $27,000. Exchange Traded Concepts LLC acquired a new stake in shares of MarketAxess in the third quarter valued at approximately $54,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of MarketAxess by 555.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider's stock worth $60,000 after acquiring an additional 200 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of MarketAxess by 160.3% in the 3rd quarter. Assetmark Inc. now owns 380 shares of the financial services provider's stock valued at $97,000 after acquiring an additional 234 shares during the period. Institutional investors and hedge funds own 99.01% of the company's stock.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.