MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives $249.73 Consensus Price Target from Brokerages

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) have received an average rating of "Hold" from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $249.73.

A number of research analysts have recently issued reports on the company. Barclays decreased their target price on MarketAxess from $236.00 to $225.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 8th. Morgan Stanley increased their target price on MarketAxess from $278.00 to $279.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 9th. Piper Sandler decreased their target price on MarketAxess from $250.00 to $237.00 and set a "neutral" rating on the stock in a research report on Friday, April 12th. Keefe, Bruyette & Woods decreased their price objective on MarketAxess from $235.00 to $230.00 and set a "market perform" rating on the stock in a report on Wednesday, May 8th. Finally, Bank of America initiated coverage on MarketAxess in a report on Wednesday, April 10th. They issued an "underperform" rating and a $199.00 price objective on the stock.

MarketAxess Stock Up 0.4 %

Shares of NASDAQ MKTX traded up $0.85 during midday trading on Friday, reaching $200.53. 1,208,962 shares of the stock were exchanged, compared to its average volume of 479,589. MarketAxess has a twelve month low of $192.42 and a twelve month high of $297.97. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 5.00 and a beta of 1.04. The firm has a 50-day simple moving average of $203.73 and a two-hundred day simple moving average of $227.48.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.07. MarketAxess had a return on equity of 20.82% and a net margin of 33.83%. The firm had revenue of $210.30 million for the quarter, compared to analyst estimates of $212.99 million. During the same quarter last year, the firm posted $1.96 EPS. The business's revenue was up 3.5% on a year-over-year basis. Research analysts expect that MarketAxess will post 7.17 EPS for the current fiscal year.

MarketAxess Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, May 21st. MarketAxess's dividend payout ratio (DPR) is presently 43.47%.

Insiders Place Their Bets

In related news, Director Stephen P. Casper sold 500 shares of the firm's stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $199.48, for a total transaction of $99,740.00. Following the completion of the sale, the director now directly owns 10,201 shares of the company's stock, valued at approximately $2,034,895.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 modified their holdings of the business. Allworth Financial LP grew its position in MarketAxess by 347.6% in the 4th quarter. Allworth Financial LP now owns 94 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Gladius Capital Management LP grew its position in MarketAxess by 39.6% in the 3rd quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 38 shares in the last quarter. Venturi Wealth Management LLC grew its position in MarketAxess by 1,030.8% in the 1st quarter. Venturi Wealth Management LLC now owns 147 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 134 shares in the last quarter. Parallel Advisors LLC grew its position in MarketAxess by 155.8% in the 4th quarter. Parallel Advisors LLC now owns 110 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 67 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in MarketAxess by 47.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 43 shares in the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

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.