MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives $183.10 Consensus Price Target from Analysts

MarketAxess Holdings Inc. (NASDAQ:MKTX) has been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $178.2727.

A number of research analysts recently issued reports on MKTX shares. The Goldman Sachs Group decreased their price objective on shares of MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday. Rothschild & Co Redburn reissued a “neutral” rating and issued a $134.00 price objective (down from $189.00) on shares of MarketAxess in a research note on Thursday, June 11th. Weiss Ratings cut shares of MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods started coverage on shares of MarketAxess in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 price objective on the stock. Finally, UBS Group decreased their price objective on shares of MarketAxess from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, May 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MKTX. AQR Capital Management LLC increased its stake in MarketAxess by 169.0% in the fourth quarter. AQR Capital Management LLC now owns 2,558,097 shares of the financial services provider’s stock valued at $463,655,000 after acquiring an additional 1,607,009 shares during the last quarter. Primecap Management Co. CA boosted its position in MarketAxess by 42.4% in the fourth quarter. Primecap Management Co. CA now owns 3,175,425 shares of the financial services provider’s stock valued at $575,546,000 after buying an additional 944,830 shares in the last quarter. Bank of Montreal Can boosted its position in MarketAxess by 5,086.4% in the fourth quarter. Bank of Montreal Can now owns 951,024 shares of the financial services provider’s stock valued at $172,373,000 after buying an additional 932,687 shares in the last quarter. North Reef Capital Management LP boosted its position in MarketAxess by 76.6% in the fourth quarter. North Reef Capital Management LP now owns 1,609,330 shares of the financial services provider’s stock valued at $291,691,000 after buying an additional 697,972 shares in the last quarter. Finally, Norges Bank acquired a new stake in MarketAxess in the fourth quarter valued at approximately $91,324,000. 99.01% of the stock is owned by institutional investors.

MarketAxess Stock Performance

Shares of NASDAQ:MKTX opened at $113.49 on Wednesday. The company’s 50 day moving average price is $134.29 and its two-hundred day moving average price is $161.24. MarketAxess has a 12-month low of $108.75 and a 12-month high of $225.07. The firm has a market cap of $4.03 billion, a PE ratio of 13.41, a PEG ratio of 3.56 and a beta of 0.86. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.19.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.10. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The firm had revenue of $233.38 million for the quarter, compared to analyst estimates of $231.91 million. During the same quarter in the prior year, the business posted $1.87 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts predict that MarketAxess will post 8 earnings per share for the current year.

MarketAxess Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, May 20th. MarketAxess’s dividend payout ratio (DPR) is 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.