MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives $190.88 Consensus PT from Analysts

MarketAxess Holdings Inc. (NASDAQ:MKTX) has earned an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $190.8750.

Several research analysts recently commented on MKTX shares. Wall Street Zen upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group dropped their target price on shares of MarketAxess from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Keefe, Bruyette & Woods assumed coverage on shares of MarketAxess in a report on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 target price on the stock. Barclays dropped their price objective on shares of MarketAxess from $189.00 to $170.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Finally, Argus downgraded shares of MarketAxess from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MKTX. AQR Capital Management LLC increased its holdings in shares of MarketAxess by 169.0% during the 4th quarter. AQR Capital Management LLC now owns 2,558,097 shares of the financial services provider’s stock worth $463,655,000 after purchasing an additional 1,607,009 shares during the period. Primecap Management Co. CA increased its holdings in shares of MarketAxess by 42.4% during the 4th quarter. Primecap Management Co. CA now owns 3,175,425 shares of the financial services provider’s stock worth $575,546,000 after purchasing an additional 944,830 shares during the period. Bank of Montreal Can increased its holdings in shares of MarketAxess by 5,086.4% during the 4th quarter. Bank of Montreal Can now owns 951,024 shares of the financial services provider’s stock worth $172,373,000 after purchasing an additional 932,687 shares during the period. North Reef Capital Management LP increased its holdings in shares of MarketAxess by 76.6% during the 4th quarter. North Reef Capital Management LP now owns 1,609,330 shares of the financial services provider’s stock worth $291,691,000 after purchasing an additional 697,972 shares during the period. Finally, Norges Bank bought a new position in shares of MarketAxess during the 4th quarter worth about $91,324,000. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Performance

Shares of MKTX opened at $122.98 on Friday. The company has a market capitalization of $4.37 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 2.77 and a beta of 0.86. MarketAxess has a one year low of $120.89 and a one year high of $228.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.17 and a quick ratio of 2.17. The company’s fifty day moving average price is $154.49 and its 200 day moving average price is $167.83.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Thursday, May 7th. The financial services provider reported $2.25 EPS for the quarter, topping the consensus estimate of $2.15 by $0.10. The firm had revenue of $233.38 million for the quarter, compared to the consensus estimate of $231.91 million. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 EPS. As a group, analysts expect that MarketAxess will post 8.04 earnings per share for the current year.

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.78 per share. The ex-dividend date was Wednesday, May 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.5%. MarketAxess’s payout ratio is presently 36.88%.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.