MarketAxess (NASDAQ:MKTX) Price Target Cut to $213.00 by Analysts at Piper Sandler

MarketAxess (NASDAQ:MKTX) had its target price decreased by stock analysts at Piper Sandler from $220.00 to $213.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective would suggest a potential upside of 4.83% from the stock’s previous close.

A number of other research firms also recently weighed in on MKTX. Barclays raised their price target on shares of MarketAxess from $225.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Monday. Bank of America lifted their target price on MarketAxess from $189.00 to $191.00 and gave the company an “underperform” rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price target on MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. William Blair started coverage on MarketAxess in a report on Friday, April 4th. They set an “outperform” rating for the company. Finally, Morgan Stanley upgraded MarketAxess from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $252.11.

MarketAxess Price Performance

Shares of MKTX opened at $203.19 on Tuesday. The firm has a 50-day simple moving average of $205.06 and a two-hundred day simple moving average of $235.86. MarketAxess has a 1-year low of $186.84 and a 1-year high of $296.68. The stock has a market cap of $7.66 billion, a PE ratio of 27.95, a P/E/G ratio of 3.89 and a beta of 1.12.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. As a group, sell-side analysts expect that MarketAxess will post 7.79 earnings per share for the current fiscal year.

Institutional Trading of MarketAxess

Institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its holdings in MarketAxess by 4.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider’s stock worth $303,000 after buying an additional 52 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of MarketAxess by 49.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 54 shares in the last quarter. M&T Bank Corp lifted its stake in MarketAxess by 4.0% in the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider’s stock valued at $376,000 after buying an additional 56 shares in the last quarter. State of Wyoming lifted its stake in shares of MarketAxess by 13.6% during the 4th quarter. State of Wyoming now owns 483 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 58 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in shares of MarketAxess by 3.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider’s stock worth $384,000 after buying an additional 61 shares during the last quarter. Institutional investors 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.