MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives $492.71 Average Target Price from Analysts

MarketAxess Holdings Inc. (NASDAQ:MKTX) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $492.71.

A number of brokerages have recently issued reports on MKTX. Rosenblatt Securities boosted their price target on shares of MarketAxess from $485.00 to $497.00 and gave the stock a “buy” rating in a research note on Thursday, October 21st. Morgan Stanley dropped their price target on shares of MarketAxess from $441.00 to $409.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 21st. Finally, Raymond James dropped their price target on shares of MarketAxess from $500.00 to $476.00 and set an “outperform” rating on the stock in a research note on Thursday, November 4th.

In other MarketAxess news, insider Kevin M. Mcpherson sold 936 shares of the stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $391.72, for a total transaction of $366,649.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.19% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in shares of MarketAxess by 65.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,588,728 shares of the financial services provider’s stock worth $1,663,698,000 after acquiring an additional 1,413,190 shares in the last quarter. BlackRock Inc. increased its position in shares of MarketAxess by 2.3% in the second quarter. BlackRock Inc. now owns 3,544,901 shares of the financial services provider’s stock worth $1,643,382,000 after acquiring an additional 78,312 shares in the last quarter. State Street Corp increased its position in shares of MarketAxess by 1.3% in the second quarter. State Street Corp now owns 1,786,589 shares of the financial services provider’s stock worth $828,245,000 after acquiring an additional 22,147 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of MarketAxess by 1.6% in the second quarter. Baillie Gifford & Co. now owns 1,774,631 shares of the financial services provider’s stock worth $822,701,000 after acquiring an additional 28,750 shares in the last quarter. Finally, Ownership Capital B.V. increased its position in shares of MarketAxess by 10.8% in the second quarter. Ownership Capital B.V. now owns 1,307,678 shares of the financial services provider’s stock worth $606,226,000 after acquiring an additional 127,480 shares in the last quarter. 94.32% of the stock is owned by institutional investors.

Shares of NASDAQ:MKTX opened at $361.42 on Monday. The company has a 50-day simple moving average of $403.40 and a 200-day simple moving average of $441.09. MarketAxess has a one year low of $355.01 and a one year high of $601.41. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 49.44 and a beta of 0.36.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Tuesday, October 19th. The financial services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.06. MarketAxess had a net margin of 39.51% and a return on equity of 27.72%. The business had revenue of $162.10 million during the quarter, compared to analysts’ expectations of $161.36 million. During the same period in the prior year, the company earned $1.78 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that MarketAxess will post 7.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 17th. Shareholders of record on Wednesday, November 3rd were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, November 2nd. MarketAxess’s dividend payout ratio is currently 36.11%.

MarketAxess Company Profile

MarketAxess Holdings, Inc operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties.

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Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

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