MarketAxess Holdings Inc. (NASDAQ:MKTX) – Analysts at Piper Sandler lowered their Q1 2021 EPS estimates for shares of MarketAxess in a research note issued on Monday, April 5th. Piper Sandler analyst R. Repetto now expects that the financial services provider will post earnings per share of $2.10 for the quarter, down from their previous estimate of $2.13. Piper Sandler has a “Neutral” rating and a $545.00 price objective on the stock. Piper Sandler also issued estimates for MarketAxess’ Q3 2021 earnings at $2.07 EPS and FY2021 earnings at $8.29 EPS.
Several other brokerages also recently weighed in on MKTX. William Blair reaffirmed a “market perform” rating on shares of MarketAxess in a research report on Wednesday, January 20th. Raymond James lowered their price objective on shares of MarketAxess from $599.00 to $595.00 and set an “outperform” rating for the company in a research report on Tuesday. Zacks Investment Research cut shares of MarketAxess from a “buy” rating to a “hold” rating and set a $590.00 target price on the stock. in a research report on Thursday, December 31st. Rosenblatt Securities boosted their price target on MarketAxess from $588.00 to $605.00 and gave the stock a “buy” rating in a research note on Monday, February 1st. Finally, Morgan Stanley reduced their price target on MarketAxess from $606.00 to $579.00 and set an “equal weight” rating for the company in a report on Wednesday, March 31st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $574.89.
MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, January 27th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.07. The company had revenue of $171.35 million during the quarter, compared to analyst estimates of $141.27 million. MarketAxess had a net margin of 42.73% and a return on equity of 33.35%. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 24th. Shareholders of record on Wednesday, February 10th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. This is a boost from MarketAxess’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 9th. MarketAxess’s dividend payout ratio is 48.89%.
In other news, General Counsel Scott Pintoff sold 250 shares of the stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $572.32, for a total transaction of $143,080.00. Following the sale, the general counsel now directly owns 6,473 shares in the company, valued at approximately $3,704,627.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $518.80, for a total value of $10,376,000.00. Following the completion of the sale, the chief executive officer now directly owns 785,583 shares in the company, valued at approximately $407,560,460.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,750 shares of company stock worth $13,795,995. Insiders own 3.05% of the company’s stock.
A number of hedge funds have recently bought and sold shares of MKTX. Price T Rowe Associates Inc. MD grew its position in shares of MarketAxess by 40.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,857,237 shares of the financial services provider’s stock worth $1,059,665,000 after acquiring an additional 530,363 shares during the last quarter. Baillie Gifford & Co. grew its position in MarketAxess by 1.0% in the 4th quarter. Baillie Gifford & Co. now owns 1,593,978 shares of the financial services provider’s stock worth $909,459,000 after purchasing an additional 16,426 shares during the last quarter. Ownership Capital B.V. increased its stake in shares of MarketAxess by 28.3% in the fourth quarter. Ownership Capital B.V. now owns 1,077,270 shares of the financial services provider’s stock valued at $98,279,000 after purchasing an additional 237,394 shares during the period. Norges Bank bought a new stake in shares of MarketAxess during the fourth quarter valued at approximately $202,273,000. Finally, Nuveen Asset Management LLC boosted its position in shares of MarketAxess by 19.4% during the fourth quarter. Nuveen Asset Management LLC now owns 248,214 shares of the financial services provider’s stock worth $141,621,000 after buying an additional 40,302 shares during the period. Institutional investors own 90.76% of the company’s stock.
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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