MarketAxess (NASDAQ:MKTX) Announces Earnings Results, Beats Estimates By $0.03 EPS

MarketAxess (NASDAQ:MKTX) announced its quarterly earnings data on Thursday. The financial services provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.70 by $0.03, Zacks reports. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%.

MarketAxess Trading Down 0.3 %

NASDAQ MKTX traded down $0.66 during trading hours on Friday, hitting $200.66. 86,517 shares of the company’s stock traded hands, compared to its average volume of 485,959. MarketAxess has a 52 week low of $192.42 and a 52 week high of $296.68. The firm has a market capitalization of $7.56 billion, a P/E ratio of 27.15, a P/E/G ratio of 4.48 and a beta of 1.02. The business’s fifty day moving average price is $227.76 and its two-hundred day moving average price is $246.99.

Insider Transactions at MarketAxess

In related news, General Counsel Scott Pintoff sold 300 shares of MarketAxess 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 transaction, the general counsel now owns 8,302 shares in the company, valued at approximately $1,997,212.14. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard M. Mcvey sold 20,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $271.75, for a total value of $5,435,000.00. Following the completion of the sale, the chairman now owns 592,029 shares of the company’s stock, valued at $160,883,880.75. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,300 shares of company stock worth $8,183,871 in the last 90 days. 2.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group increased their price target on shares of MarketAxess from $330.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Morgan Stanley increased their target price on MarketAxess from $262.00 to $314.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Barclays lowered their price target on MarketAxess from $260.00 to $256.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Piper Sandler reduced their price objective on MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $267.00.

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.