FY2020 EPS Estimates for MarketAxess Holdings Inc. (NASDAQ:MKTX) Raised by Analyst

MarketAxess Holdings Inc. (NASDAQ:MKTX) – Investment analysts at Jefferies Financial Group raised their FY2020 earnings per share estimates for shares of MarketAxess in a research note issued to investors on Tuesday, October 27th. Jefferies Financial Group analyst D. Fannon now forecasts that the financial services provider will post earnings of $7.71 per share for the year, up from their previous forecast of $7.45. Jefferies Financial Group also issued estimates for MarketAxess’ Q2 2021 earnings at $2.31 EPS and FY2022 earnings at $8.64 EPS.

Several other brokerages have also weighed in on MKTX. Credit Suisse Group lifted their price target on MarketAxess from $489.00 to $492.00 and gave the company a “neutral” rating in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft lifted their price target on MarketAxess from $517.00 to $562.00 and gave the company a “hold” rating in a research note on Wednesday. Rosenblatt Securities lifted their price target on MarketAxess from $523.00 to $561.00 and gave the company a “neutral” rating in a research note on Wednesday. Raymond James restated a “buy” rating on shares of MarketAxess in a research note on Monday, October 5th. Finally, BidaskClub upgraded MarketAxess from a “buy” rating to a “strong-buy” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $475.67.

NASDAQ MKTX opened at $557.02 on Thursday. The stock has a 50-day simple moving average of $495.91 and a two-hundred day simple moving average of $490.68. The firm has a market capitalization of $21.15 billion, a P/E ratio of 80.73 and a beta of 0.52. MarketAxess has a fifty-two week low of $275.49 and a fifty-two week high of $575.60.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $1.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.04. The business had revenue of $164.00 million during the quarter, compared to analyst estimates of $138.13 million. MarketAxess had a return on equity of 33.75% and a net margin of 42.74%. The company’s revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, November 9th. MarketAxess’s payout ratio is 44.44%.

In other news, CEO Richard M. Mcvey sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $487.62, for a total transaction of $12,190,500.00. Also, CEO Richard M. Mcvey sold 32,017 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $450.85, for a total value of $14,434,864.45. Following the transaction, the chief executive officer now owns 973,085 shares in the company, valued at $438,715,372.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,017 shares of company stock worth $29,924,704. 3.05% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of MarketAxess by 0.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,476 shares of the financial services provider’s stock worth $1,192,000 after purchasing an additional 19 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its holdings in shares of MarketAxess by 1.1% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 2,164 shares of the financial services provider’s stock worth $1,084,000 after purchasing an additional 23 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of MarketAxess by 3.5% during the 2nd quarter. HBK Sorce Advisory LLC now owns 711 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 24 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of MarketAxess by 1.1% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,236 shares of the financial services provider’s stock worth $1,120,000 after purchasing an additional 25 shares during the last quarter. Finally, Conning Inc. boosted its holdings in shares of MarketAxess by 6.0% during the 3rd quarter. Conning Inc. now owns 493 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 91.72% 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.

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Earnings History and Estimates for MarketAxess (NASDAQ:MKTX)

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