William Blair Has Optimistic View of MarketAxess Q2 Earnings

MarketAxess Holdings Inc. (NASDAQ:MKTX) – Analysts at William Blair boosted their Q2 2025 EPS estimates for shares of MarketAxess in a research note issued on Tuesday, July 15th. William Blair analyst J. Schmitt now expects that the financial services provider will post earnings per share of $1.94 for the quarter, up from their previous estimate of $1.89. William Blair has a “Outperform” rating on the stock. The consensus estimate for MarketAxess’ current full-year earnings is $7.79 per share.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.05. The business had revenue of $208.58 million during the quarter, compared to the consensus estimate of $211.81 million. MarketAxess had a net margin of 26.57% and a return on equity of 19.93%. MarketAxess’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 earnings per share.

Several other equities research analysts have also recently commented on MKTX. Bank of America raised their target price on MarketAxess from $189.00 to $191.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 2nd. UBS Group reaffirmed a “buy” rating and set a $295.00 price objective on shares of MarketAxess in a research report on Tuesday, July 8th. Barclays dropped their target price on shares of MarketAxess from $240.00 to $237.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Morgan Stanley reduced their price target on shares of MarketAxess from $283.00 to $274.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Citigroup lifted their price target on shares of MarketAxess from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $240.67.

MarketAxess Trading Down 0.8%

MKTX stock opened at $208.84 on Friday. The firm has a market cap of $7.83 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.77 and a beta of 0.85. The stock has a 50-day moving average price of $219.17 and a 200-day moving average price of $215.22. MarketAxess has a 1-year low of $186.84 and a 1-year high of $296.68.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MKTX. Vanguard Group Inc. raised its holdings in shares of MarketAxess by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider’s stock worth $1,002,475,000 after acquiring an additional 90,805 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in MarketAxess by 1.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,323,015 shares of the financial services provider’s stock worth $502,585,000 after purchasing an additional 24,606 shares in the last quarter. FMR LLC raised its stake in shares of MarketAxess by 17.4% in the fourth quarter. FMR LLC now owns 2,300,536 shares of the financial services provider’s stock worth $520,013,000 after purchasing an additional 341,493 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of MarketAxess by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 1,113,308 shares of the financial services provider’s stock valued at $251,106,000 after purchasing an additional 36,431 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of MarketAxess by 12.4% during the fourth quarter. Invesco Ltd. now owns 1,044,360 shares of the financial services provider’s stock valued at $236,067,000 after buying an additional 115,186 shares during the last quarter. 99.01% of the stock is owned by institutional investors.

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.