Analysts’ Recent Ratings Changes for MarketAxess (MKTX)

A number of firms have modified their ratings and price targets on shares of MarketAxess (NASDAQ: MKTX) recently:

• 10/8/2024 – MarketAxess had its price target raised by analysts at Piper Sandler from $235.00 to $265.00. They now have a “neutral” rating on the stock.
• 10/7/2024 – MarketAxess had its price target raised by analysts at Barclays PLC from $237.00 to $268.00. They now have an “equal weight” rating on the stock.
• 10/4/2024 – MarketAxess had its price target raised by analysts at Citigroup Inc. from $310.00 to $325.00. They now have a “buy” rating on the stock.
• 10/3/2024 – MarketAxess had its price target lowered by analysts at Bank of America Co. from $193.00 to $185.00. They now have an “underperform” rating on the stock.
• 9/30/2024 – MarketAxess had its price target raised by analysts at The Goldman Sachs Group, Inc. from $204.00 to $233.00. They now have a “neutral” rating on the stock.
• 8/15/2024 – MarketAxess had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $218.00 to $223.00. They now have a “hold” rating on the stock.

MarketAxess Price Performance

Shares of MarketAxess stock opened at $278.10 on Monday. MarketAxess Holdings Inc. has a one year low of $192.42 and a one year high of $297.97. The stock’s fifty day moving average is $250.06 and its 200 day moving average is $223.40. The stock has a market cap of $10.50 billion, a P/E ratio of 40.07, a P/E/G ratio of 7.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.91 and a current ratio of 2.91.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $197.70 million during the quarter, compared to analyst estimates of $198.07 million. MarketAxess had a return on equity of 20.43% and a net margin of 33.71%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 earnings per share. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.16 earnings per share for the current year.

MarketAxess Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, August 21st. This is an increase from MarketAxess’s previous quarterly dividend of $0.20. MarketAxess’s payout ratio is currently 42.65%.

Insider Activity

In other MarketAxess news, insider Christophe Pierre Danie Roupie sold 617 shares of MarketAxess stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $231.63, for a total value of $142,915.71. Following the transaction, the insider now directly owns 7,409 shares of the company’s stock, valued at approximately $1,716,146.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.66% of the company’s stock.

Institutional Trading of MarketAxess

A number of hedge funds have recently bought and sold shares of MKTX. Vanguard Group Inc. boosted its position in shares of MarketAxess by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,539,440 shares of the financial services provider’s stock worth $995,272,000 after purchasing an additional 13,018 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd grew its stake in shares of MarketAxess by 30.3% in the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 2,425,897 shares of the financial services provider’s stock worth $531,878,000 after acquiring an additional 564,820 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of MarketAxess by 10.3% in the second quarter. Van ECK Associates Corp now owns 1,828,055 shares of the financial services provider’s stock worth $366,580,000 after acquiring an additional 170,095 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of MarketAxess by 18.2% in the second quarter. Primecap Management Co. CA now owns 1,330,880 shares of the financial services provider’s stock worth $266,881,000 after acquiring an additional 204,960 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of MarketAxess by 53.5% in the second quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider’s stock worth $164,447,000 after acquiring an additional 285,665 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

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.