William Blair Reduces Earnings Estimates for MarketAxess

MarketAxess Holdings Inc. (NASDAQ:MKTX) – Equities researchers at William Blair cut their FY2025 earnings estimates for shares of MarketAxess in a research report issued on Monday, January 13th. William Blair analyst J. Schmitt now expects that the financial services provider will earn $8.10 per share for the year, down from their prior estimate of $8.20. The consensus estimate for MarketAxess’ current full-year earnings is $7.38 per share. William Blair also issued estimates for MarketAxess’ FY2026 earnings at $9.10 EPS.

A number of other research firms have also recently weighed in on MKTX. Morgan Stanley upped their price objective on shares of MarketAxess from $262.00 to $314.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Citigroup upped their price objective on shares of MarketAxess from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Piper Sandler reduced their price target on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on MarketAxess from $204.00 to $233.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Finally, Keefe, Bruyette & Woods reduced their target price on MarketAxess from $255.00 to $251.00 and set a “market perform” rating on the stock in a report on Monday. Two equities research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $261.30.

MarketAxess Price Performance

NASDAQ:MKTX opened at $217.82 on Wednesday. The firm has a 50-day moving average of $242.90 and a two-hundred day moving average of $246.20. The stock has a market cap of $8.21 billion, a P/E ratio of 29.51, a PEG ratio of 9.49 and a beta of 1.03. MarketAxess has a 1-year low of $192.42 and a 1-year high of $296.68.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.05. The company had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 EPS.

Insider Buying and Selling at MarketAxess

In other news, General Counsel Scott Pintoff sold 300 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $240.57, for a total transaction of $72,171.00. Following the completion of the transaction, the general counsel now owns 8,302 shares of the company’s stock, valued at approximately $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Richard M. Mcvey sold 10,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $267.67, for a total transaction of $2,676,700.00. Following the transaction, the chairman now directly owns 562,029 shares of the company’s stock, valued at approximately $150,438,302.43. This trade represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,300 shares of company stock worth $8,183,871 over the last 90 days. Insiders own 2.66% of the company’s stock.

Institutional Investors Weigh In On MarketAxess

Institutional investors have recently bought and sold shares of the stock. Accent Capital Management LLC acquired a new stake in MarketAxess in the third quarter worth about $25,000. Goodman Advisory Group LLC acquired a new stake in MarketAxess during the 2nd quarter worth about $27,000. Exchange Traded Concepts LLC acquired a new position in shares of MarketAxess in the 3rd quarter valued at about $54,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of MarketAxess by 555.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 200 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of MarketAxess by 160.3% in the 3rd quarter. Assetmark Inc. now owns 380 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 234 shares during the period. Institutional investors and hedge funds own 99.01% of the company’s stock.

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.