Zacks Research Cuts Earnings Estimates for MarketAxess

MarketAxess Holdings Inc. (NASDAQ:MKTX) – Equities research analysts at Zacks Research cut their FY2026 earnings per share (EPS) estimates for MarketAxess in a note issued to investors on Thursday, November 5th. Zacks Research analyst Team now anticipates that the financial services provider will earn $7.89 per share for the year, down from their previous estimate of $7.98. The consensus estimate for MarketAxess’ current full-year earnings is $7.98 per share. Zacks Research also issued estimates for MarketAxess’ Q4 2026 earnings at $1.83 EPS, Q2 2027 earnings at $2.14 EPS, Q3 2027 earnings at $2.15 EPS, Q4 2027 earnings at $2.00 EPS, FY2027 earnings at $8.60 EPS, Q1 2028 earnings at $2.27 EPS, Q2 2028 earnings at $2.17 EPS, Q3 2028 earnings at $2.10 EPS and FY2028 earnings at $8.66 EPS.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Friday, October 23rd. The financial services provider reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). The company had revenue of $210.41 million for the quarter, compared to the consensus estimate of $218.98 million. MarketAxess had a return on equity of 23.15% and a net margin of 33.51%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 earnings per share.

Other research analysts have also recently issued reports about the stock. Barclays raised their target price on shares of MarketAxess from $132.00 to $167.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Wall Street Zen lowered shares of MarketAxess from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of MarketAxess from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. Morgan Stanley raised their price objective on shares of MarketAxess from $129.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Friday, October 9th. Finally, UBS Group cut shares of MarketAxess from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $200.00 to $167.00 in a research report on Friday, July 31st. One analyst has rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $159.44.

MarketAxess Stock Up 0.0%

Shares of MarketAxess stock opened at $165.67 on Monday. The stock’s fifty day moving average is $164.16 and its 200-day moving average is $155.28. The firm has a market capitalization of $5.83 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.09. MarketAxess has a 12-month low of $108.75 and a 12-month high of $195.96.

Institutional Trading of MarketAxess

Institutional investors have recently made changes to their positions in the stock. Provenance Wealth Advisors LLC purchased a new position in MarketAxess during the third quarter valued at approximately $39,000. Bessemer Group Inc. lifted its position in MarketAxess by 82.9% in the 3rd quarter. Bessemer Group Inc. now owns 236 shares of the financial services provider’s stock worth $39,000 after buying an additional 107 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of MarketAxess during the 3rd quarter valued at $56,000. Westpac Banking Corp acquired a new stake in shares of MarketAxess during the 1st quarter valued at $56,000. Finally, Versant Capital Management Inc boosted its stake in shares of MarketAxess by 215.3% during the 2nd quarter. Versant Capital Management Inc now owns 391 shares of the financial services provider’s stock valued at $44,000 after buying an additional 267 shares during the period. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director William Cruger, Jr. sold 6,164 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $163.20, for a total value of $1,005,964.80. Following the transaction, the director owned 4,033 shares in the company, valued at $658,185.60. This represents a 60.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 6,364 shares of company stock worth $1,038,762. Insiders own 0.72% of the company’s stock.

MarketAxess Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, November 10th. MarketAxess’s payout ratio is 38.19%.

MarketAxess Company Profile

MarketAxess Holdings Inc operates an electronic trading platform for fixed-income securities. Its marketplace connects institutional investors and broker-dealers, enabling them to trade bonds and other debt instruments through electronic tools such as request-for-quote and open trading protocols.

The platform supports trading across a range of fixed-income markets, including U.S. and European corporate bonds, U.S. Treasuries, municipal bonds, emerging-market debt and other securities. MarketAxess also provides market data and trading analytics to help clients assess prices and make trading decisions.

Founded in 2000, MarketAxess serves clients in North America, Europe and Asia.