MarketAxess Holdings Inc. (NASDAQ:MKTX) – Stock analysts at William Blair increased their Q3 2020 earnings per share (EPS) estimates for shares of MarketAxess in a research report issued on Friday, July 10th. William Blair analyst C. Shutler now expects that the financial services provider will earn $1.82 per share for the quarter, up from their prior forecast of $1.74. William Blair also issued estimates for MarketAxess’ Q4 2020 earnings at $1.56 EPS, FY2020 earnings at $7.51 EPS and FY2021 earnings at $7.72 EPS.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. MarketAxess had a return on equity of 31.08% and a net margin of 40.87%. The business had revenue of $169.00 million for the quarter, compared to analyst estimates of $139.03 million. During the same period last year, the company posted $1.39 EPS. The business’s quarterly revenue was up 35.7% on a year-over-year basis.

A number of other research firms also recently issued reports on MKTX. Credit Suisse Group increased their target price on shares of MarketAxess from $410.00 to $448.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Barclays raised shares of MarketAxess from an “equal weight” rating to an “overweight” rating and set a $350.00 price objective for the company in a research report on Monday, March 23rd. Deutsche Bank lifted their target price on shares of MarketAxess from $535.00 to $555.00 and gave the company a “hold” rating in a report on Thursday, July 9th. Rosenblatt Securities increased their price target on MarketAxess from $455.00 to $465.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Finally, Goldman Sachs Group upgraded MarketAxess from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $265.00 to $315.00 in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $386.50.

MarketAxess stock opened at $517.57 on Monday. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 86.70 and a beta of 0.63. MarketAxess has a 12 month low of $275.49 and a 12 month high of $561.68. The company has a debt-to-equity ratio of 0.12, a current ratio of 7.53 and a quick ratio of 7.53. The stock’s 50-day moving average is $505.74 and its 200-day moving average is $412.92.

In other news, insider Christophe Pierre Danie Roupie sold 1,920 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $457.00, for a total transaction of $877,440.00. Following the transaction, the insider now owns 10,914 shares of the company’s stock, valued at $4,987,698. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen P. Casper sold 2,000 shares of MarketAxess stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $479.44, for a total value of $958,880.00. Following the completion of the transaction, the director now owns 13,367 shares of the company’s stock, valued at $6,408,674.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,170 shares of company stock valued at $14,047,103. Insiders own 3.05% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MKTX. Norges Bank acquired a new position in MarketAxess in the fourth quarter worth $159,554,000. JPMorgan Chase & Co. boosted its holdings in MarketAxess by 21.2% in the first quarter. JPMorgan Chase & Co. now owns 1,559,329 shares of the financial services provider’s stock worth $518,585,000 after purchasing an additional 272,647 shares during the period. Wells Fargo & Company MN boosted its holdings in MarketAxess by 19.8% in the first quarter. Wells Fargo & Company MN now owns 938,243 shares of the financial services provider’s stock worth $312,031,000 after purchasing an additional 154,850 shares during the period. Goldman Sachs Group Inc. boosted its holdings in MarketAxess by 59.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 339,090 shares of the financial services provider’s stock worth $128,552,000 after purchasing an additional 127,018 shares during the period. Finally, Banco Santander S.A. boosted its holdings in MarketAxess by 213.9% in the first quarter. Banco Santander S.A. now owns 166,001 shares of the financial services provider’s stock worth $55,207,000 after purchasing an additional 113,114 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.

See Also: Short Selling – Explanation For Shorting Stocks

Earnings History and Estimates for MarketAxess (NASDAQ:MKTX)

Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.