FY2025 EPS Estimates for MarketAxess Holdings Inc. Decreased by William Blair (NASDAQ:MKTX)

MarketAxess Holdings Inc. (NASDAQ:MKTX) – Research analysts at William Blair dropped their FY2025 earnings estimates for shares of MarketAxess in a research report issued on Monday, September 9th. William Blair analyst J. Schmitt now anticipates that the financial services provider will post earnings of $7.90 per share for the year, down from their prior estimate of $7.95. The consensus estimate for MarketAxess’ current full-year earnings is $7.05 per share. William Blair also issued estimates for MarketAxess’ FY2026 earnings at $8.90 EPS.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. MarketAxess had a net margin of 33.71% and a return on equity of 20.43%. The business had revenue of $197.70 million for the quarter, compared to analysts’ expectations of $198.07 million. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year.

Several other equities analysts have also issued reports on MKTX. Barclays dropped their price target on MarketAxess from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Piper Sandler reiterated a “neutral” rating and set a $225.00 target price on shares of MarketAxess in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of MarketAxess from $218.00 to $223.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. StockNews.com raised shares of MarketAxess from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of MarketAxess from $222.00 to $225.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $238.60.

MarketAxess Stock Up 0.4 %

Shares of NASDAQ:MKTX opened at $256.41 on Wednesday. The business’s 50-day moving average is $230.19 and its 200-day moving average is $216.27. MarketAxess has a 1 year low of $192.42 and a 1 year high of $297.97. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 37.65, a P/E/G ratio of 6.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.91 and a quick ratio of 2.91.

Institutional Investors Weigh In On MarketAxess

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. bought a new stake in shares of MarketAxess in the 4th quarter worth $47,000. BNP Paribas Financial Markets grew its position in MarketAxess by 80.1% in the 4th quarter. BNP Paribas Financial Markets now owns 45,096 shares of the financial services provider’s stock worth $13,206,000 after purchasing an additional 20,056 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in MarketAxess by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 202,234 shares of the financial services provider’s stock valued at $59,229,000 after buying an additional 5,475 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of MarketAxess by 15.2% during the 4th quarter. Principal Financial Group Inc. now owns 59,295 shares of the financial services provider’s stock worth $17,365,000 after buying an additional 7,835 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of MarketAxess in the 4th quarter worth approximately $249,000. 99.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MarketAxess

In related news, insider Christophe Pierre Danie Roupie sold 617 shares of the firm’s stock in a transaction dated 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 owns 7,409 shares of the company’s stock, valued at approximately $1,716,146.67. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.66% of the stock is currently owned by insiders.

MarketAxess Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.74 per share. This is a boost from MarketAxess’s previous quarterly dividend of $0.20. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Wednesday, August 21st. MarketAxess’s dividend payout ratio (DPR) is currently 43.47%.

MarketAxess announced that its Board of Directors has approved a share buyback plan on Tuesday, August 6th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the financial services provider to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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.