MarketAxess Holdings Inc. (NASDAQ:MKTX) Given Consensus Rating of “Hold” by Analysts

MarketAxess Holdings Inc. (NASDAQ:MKTX) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $183.10.

A number of research analysts have recently commented on MKTX shares. Rothschild & Co Redburn restated a “neutral” rating and issued a $134.00 target price (down from $189.00) on shares of MarketAxess in a research note on Thursday, June 11th. Keefe, Bruyette & Woods started coverage on MarketAxess in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 target price for the company. Argus cut MarketAxess from a “buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Weiss Ratings cut MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, UBS Group lowered their target price on MarketAxess from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, May 11th.

MarketAxess Trading Up 0.9%

MKTX opened at $118.17 on Wednesday. The stock has a market cap of $4.20 billion, a PE ratio of 13.97, a PEG ratio of 3.79 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. The business has a 50 day moving average of $140.31 and a 200-day moving average of $163.28. MarketAxess has a 52 week low of $113.29 and a 52 week high of $225.07.

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

MarketAxess Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Wednesday, May 20th. MarketAxess’s dividend payout ratio (DPR) is presently 36.88%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MKTX. MUFG Securities EMEA plc purchased a new position in MarketAxess during the second quarter valued at $25,000. Geneos Wealth Management Inc. raised its stake in MarketAxess by 200.0% during the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after buying an additional 80 shares during the last quarter. Activest Wealth Management purchased a new position in MarketAxess during the fourth quarter valued at $28,000. Stance Capital LLC purchased a new position in MarketAxess during the third quarter valued at $42,000. Finally, Pacer Advisors Inc. raised its stake in MarketAxess by 300.0% during the fourth quarter. Pacer Advisors Inc. now owns 280 shares of the financial services provider’s stock valued at $51,000 after buying an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

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.