FY2025 Earnings Forecast for MarketAxess Holdings Inc. (NASDAQ:MKTX) Issued By William Blair

MarketAxess Holdings Inc. (NASDAQ:MKTX) – Stock analysts at William Blair lowered their FY2025 earnings estimates for shares of MarketAxess in a 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 previous forecast 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.

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

MarketAxess Stock Performance

Shares of MKTX stock opened at $257.95 on Wednesday. The firm has a market capitalization of $9.78 billion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 6.03 and a beta of 1.07. The firm has a fifty day simple moving average of $229.10 and a two-hundred day simple moving average of $216.00. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.01. MarketAxess has a 12 month low of $192.42 and a 12 month high of $297.97.

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

Institutional Investors Weigh In On MarketAxess

Several institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in MarketAxess during the second quarter valued at about $6,204,000. Northwestern Mutual Wealth Management Co. lifted its holdings in MarketAxess by 4.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 76 shares during the last quarter. Algert Global LLC lifted its holdings in MarketAxess by 4.3% during the second quarter. Algert Global LLC now owns 15,530 shares of the financial services provider’s stock valued at $3,114,000 after purchasing an additional 635 shares during the last quarter. Goodman Advisory Group LLC purchased a new stake in MarketAxess during the second quarter valued at about $27,000. Finally, Scientech Research LLC purchased a new stake in MarketAxess during the second quarter valued at about $1,066,000. 99.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Christophe Pierre Danie Roupie sold 617 shares of the business’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 directly 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 Securities & Exchange Commission, which is available through this link. 2.66% of the stock is owned by insiders.

MarketAxess announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 6th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

MarketAxess Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a $0.74 dividend. This is an increase 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 payout ratio is 43.47%.

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.