NASDAQ:MKTX MarketAxess (MKTX) Stock Forecast, Price & News $204.76 -5.19 (-2.47%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$204.09▼$211.3950-Day Range$201.78▼$274.3852-Week Range$200.01▼$399.78Volume297,952 shsAverage Volume535,522 shsMarket Capitalization$7.72 billionP/E Ratio30.52Dividend Yield1.41%Price Target$294.20 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability MarketAxess MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside43.7% Upside$294.20 Price TargetShort InterestHealthy5.07% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.44Upright™ Environmental ScoreNews Sentiment0.59Based on 19 Articles This WeekInsider TradingAcquiring Shares$1.02 M Bought Last QuarterProj. Earnings Growth14.91%From $7.11 to $8.17 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.41 out of 5 starsFinance Sector16th out of 864 stocksSecurity Brokers & Dealers Industry2nd out of 25 stocks 4.1 Analyst's Opinion Consensus RatingMarketAxess has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 3 buy ratings, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $294.20, MarketAxess has a forecasted upside of 43.7% from its current price of $204.76.Amount of Analyst CoverageMarketAxess has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted5.07% of the float of MarketAxess has been sold short.Short Interest Ratio / Days to CoverMarketAxess has a short interest ratio ("days to cover") of 4.7.Change versus previous monthShort interest in MarketAxess has recently decreased by 11.37%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend YieldMarketAxess pays a meaningful dividend of 1.37%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMarketAxess has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of MarketAxess is 42.92%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, MarketAxess will have a dividend payout ratio of 35.25% next year. This indicates that MarketAxess will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMarketAxess has received a 32.41% net impact score from Upright. Marketaxess seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Societal infrastructure". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Electronic trading platforms", "Market intelligence data provision", and "Transaction data analysis software" products. See details.Environmental SustainabilityThe Environmental Impact score for MarketAxess is -0.44. Previous Next 3.1 News and Social Media Coverage News SentimentMarketAxess has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 19 news articles for MarketAxess this week, compared to 5 articles on an average week.Search Interest5 people have searched for MKTX on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.MarketBeat Follows5 people have added MarketAxess to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MarketAxess insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,018,053.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 2.00% of the stock of MarketAxess is held by insiders.Percentage Held by Institutions99.01% of the stock of MarketAxess is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for MarketAxess are expected to grow by 14.91% in the coming year, from $7.11 to $8.17 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MarketAxess is 30.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.58.Price to Earnings Ratio vs. SectorThe P/E ratio of MarketAxess is 30.52, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.04.Price to Earnings Growth RatioMarketAxess has a PEG Ratio of 2.77. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMarketAxess has a P/B Ratio of 7.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MarketAxess (NASDAQ:MKTX) StockMarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed-income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company provides various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.Read More MKTX Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MKTX Stock News HeadlinesOctober 4, 2023 | americanbankingnews.comThe Goldman Sachs Group Cuts MarketAxess (NASDAQ:MKTX) Price Target to $223.00October 3, 2023 | msn.comMarketAxess expands Open Trading model to four local currenciesOctober 4, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.October 3, 2023 | finance.yahoo.comMarketAxess Completes Acquisition of PragmaOctober 3, 2023 | benzinga.comMarketAxess Launches Open Trading® for Emerging Market Local Currency BondsOctober 2, 2023 | marketwatch.comMarketAxess Holdings Inc. stock underperforms Monday when compared to competitorsSeptember 30, 2023 | americanbankingnews.comQ3 2023 Earnings Estimate for MarketAxess Holdings Inc. Issued By Zacks Research (NASDAQ:MKTX)September 29, 2023 | americanbankingnews.comFY2023 EPS Estimates for MarketAxess Holdings Inc. (NASDAQ:MKTX) Raised by AnalystOctober 4, 2023 | Wall Street Fundamentals (Ad)Would Buffett Approve of This Growth Strategy?Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.September 28, 2023 | americanbankingnews.comMarketAxess Holdings Inc. (NASDAQ:MKTX) Given Consensus Recommendation of "Hold" by BrokeragesSeptember 26, 2023 | finance.yahoo.comHere's Why You Should Retain MarketAxess (MKTX) Stock for NowSeptember 26, 2023 | americanbankingnews.comMarketAxess (NASDAQ:MKTX) Receives Buy Rating from CitigroupSeptember 25, 2023 | finance.yahoo.comUnveiling MarketAxess Holdings (MKTX)'s Value: Is It Really Priced Right? A Comprehensive GuideSeptember 25, 2023 | msn.comHigh Quality Dividend Growth Near 52-Week Lows: Nike Is Still Next-LevelSeptember 20, 2023 | marketwatch.comMarketAxess Holdings Inc. stock falls Wednesday, still outperforms marketSeptember 14, 2023 | finance.yahoo.comMarketAxess Holdings (MKTX): A Hidden Bargain or Overpriced Stock? An In-depth Valuation AnalysisSeptember 14, 2023 | finance.yahoo.comCarlos Hernandez Elected to MarketAxess Board of DirectorsSeptember 7, 2023 | finance.yahoo.comUnveiling the Investment Potential of MarketAxess Holdings Inc (MKTX): A Comprehensive AnalysisSeptember 7, 2023 | marketwatch.comMarketAxess Holdings Inc. stock falls Thursday, underperforms marketSeptember 6, 2023 | finance.yahoo.comMarketAxess Announces Monthly Volume Statistics for August 2023September 5, 2023 | gurufocus.comUnlocking the True Value of MarketAxess Holdings (MKTX): A Comprehensive AnalysisSeptember 3, 2023 | finance.yahoo.comHere’s Why MarketAxess (MKTX) Landed in Carillon Tower’s Detractor ListAugust 30, 2023 | gurufocus.comUnveiling the Investment Potential of MarketAxess Holdings Inc (MKTX): A Comprehensive Analysis ...August 30, 2023 | finance.yahoo.comShould You Continue to Hold MarketAxess Holdings (MKTX)?August 24, 2023 | finance.yahoo.comHere's Why You Should Hold MarketAxess' (MKTX) Stock NowAugust 21, 2023 | finance.yahoo.comUnveiling the Investment Potential of MarketAxess Holdings Inc: A Comprehensive GF Score AnalysisAugust 16, 2023 | benzinga.comChief Executive Officer of MarketAxess Holdings Purchased $1.02M In StockSee More Headlines Receive MKTX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MarketAxess and its competitors with MarketBeat's FREE daily newsletter. Email Address MKTX Company Calendar Last Earnings7/20/2023Ex-Dividend for 8/16 Dividend8/01/2023Dividend Payable8/16/2023Today10/04/2023Next Earnings (Estimated)10/18/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Security brokers & dealers Sub-IndustrySpecialized Finance SectorFinance Current SymbolNASDAQ:MKTX CUSIP57060D10 CIK1278021 Webwww.marketaxess.com Phone(212) 813-6000Fax212-813-6390Employees744Year Founded2000Price Target and Rating Average Stock Price Forecast$294.20 High Stock Price Forecast$345.00 Low Stock Price Forecast$213.00 Forecasted Upside/Downside+49.2%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$6.71 Trailing P/E Ratio30.52 Forward P/E Ratio28.80 P/E Growth2.82Net Income$250.22 million Net Margins34.38% Pretax Margin45.76% Return on Equity23.12% Return on Assets15.81% Debt Debt-to-Equity RatioN/A Current Ratio3.24 Quick Ratio3.24 Sales & Book Value Annual Sales$718.30 million Price / Sales10.74 Cash Flow$8.10 per share Price / Cash Flow25.27 Book Value$28.72 per share Price / Book7.13Miscellaneous Outstanding Shares37,680,000Free Float36,923,000Market Cap$7.72 billion OptionableOptionable Beta0.81 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for October 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Richard Mitchell McVey (Age 63)Founder & Exec. Chairman Comp: $2.38MMr. Christopher Robert Concannon (Age 56)CEO & Director Comp: $1.81MMr. Christopher Neal Gerosa (Age 47)Chief Financial Officer Comp: $910kMr. Naineshkumar Shantilal Panchal (Age 51)Chief Information Officer Comp: $2.73MMr. Kevin M. McPherson (Age 52)Chief Revenue Officer Comp: $1.21MMr. Stephen C. DavidsonHead of Investor RelationsMr. Scott Pintoff (Age 52)Gen. Counsel & Corp. Sec. Ms. Julie SheffetChief HR OfficerMr. Richard J. Schiffman (Age 57)Global Head of Trading Solutions Mr. James Nevil Blair Rucker (Age 67)Global Head of Operations Services More ExecutivesKey CompetitorsJefferies Financial GroupNYSE:JEFSEI InvestmentsNASDAQ:SEICRobinhood MarketsNASDAQ:HOODStifel FinancialNYSE:SFFreedomNASDAQ:FRHCView All CompetitorsInsiders & InstitutionsBarclays PLCBought 39,309 shares on 9/21/2023Ownership: 0.239%Portside Wealth Group LLCBought 2,167 shares on 9/1/2023Ownership: 0.006%Alamar Capital Management LLCBought 469 shares on 8/24/2023Ownership: 0.016%Wolverine Trading LLCBought 500 shares on 8/23/2023Ownership: 0.000%Comerica BankBought 36,257 shares on 8/22/2023Ownership: 0.096%View All Insider TransactionsView All Institutional Transactions MKTX Stock - Frequently Asked Questions Should I buy or sell MarketAxess stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MarketAxess in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MKTX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MKTX, but not buy additional shares or sell existing shares. View MKTX analyst ratings or view top-rated stocks. What is MarketAxess' stock price forecast for 2023? 10 Wall Street analysts have issued 12-month target prices for MarketAxess' shares. Their MKTX share price forecasts range from $213.00 to $345.00. On average, they expect the company's share price to reach $294.20 in the next year. This suggests a possible upside of 43.7% from the stock's current price. View analysts price targets for MKTX or view top-rated stocks among Wall Street analysts. How have MKTX shares performed in 2023? MarketAxess' stock was trading at $278.89 at the start of the year. Since then, MKTX shares have decreased by 26.6% and is now trading at $204.76. View the best growth stocks for 2023 here. When is MarketAxess' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023. View our MKTX earnings forecast. How were MarketAxess' earnings last quarter? MarketAxess Holdings Inc. (NASDAQ:MKTX) issued its earnings results on Thursday, July, 20th. The financial services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. The financial services provider earned $179.90 million during the quarter, compared to analysts' expectations of $179.47 million. MarketAxess had a net margin of 34.38% and a trailing twelve-month return on equity of 23.12%. The firm's revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. Read the conference call transcript. How often does MarketAxess pay dividends? What is the dividend yield for MarketAxess? MarketAxess declared a quarterly dividend on Thursday, July 20th. Investors of record on Wednesday, August 2nd will be paid a dividend of $0.72 per share on Wednesday, August 16th. This represents a $2.88 annualized dividend and a yield of 1.41%. The ex-dividend date is Tuesday, August 1st. Read our dividend analysis for MKTX. What ETFs hold MarketAxess' stock? ETFs with the largest weight of MarketAxess (NASDAQ:MKTX) stock in their portfolio include iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), Formidable Fortress ETF (KONG), Horizon Kinetics Blockchain Development ETF (BCDF), VanEck Morningstar ESG Moat ETF (MOTE), BlackRock Future Innovators ETF (BFTR), Nuveen ESG Mid-Cap Growth ETF (NUMG), Inspire Tactical Balanced ETF (RISN) and VanEck Morningstar Wide Moat ETF (MOAT). Is MarketAxess a good dividend stock? MarketAxess (NASDAQ:MKTX) pays an annual dividend of $2.88 per share and currently has a dividend yield of 1.35%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKTX will have a dividend payout ratio of 35.25% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MKTX. What is Rick McVey's approval rating as MarketAxess' CEO? 41 employees have rated MarketAxess Chief Executive Officer Rick McVey on Glassdoor.com. Rick McVey has an approval rating of 96% among the company's employees. This puts Rick McVey in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of MarketAxess own? Based on aggregate information from My MarketBeat watchlists, some companies that other MarketAxess investors own include NVIDIA (NVDA), PayPal (PYPL), Visa (V), Netflix (NFLX), Advanced Micro Devices (AMD), Broadcom (AVGO), Intel (INTC), Johnson & Johnson (JNJ), Mastercard (MA) and Adobe (ADBE). What is MarketAxess' stock symbol? MarketAxess trades on the NASDAQ under the ticker symbol "MKTX." How do I buy shares of MarketAxess? Shares of MKTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is MarketAxess' stock price today? One share of MKTX stock can currently be purchased for approximately $204.76. How much money does MarketAxess make? MarketAxess (NASDAQ:MKTX) has a market capitalization of $7.72 billion and generates $718.30 million in revenue each year. The financial services provider earns $250.22 million in net income (profit) each year or $6.71 on an earnings per share basis. How many employees does MarketAxess have? The company employs 744 workers across the globe. Does MarketAxess have any subsidiaries? The following companies are subsidiares of MarketAxess: LiquidityEdge.Read More How can I contact MarketAxess? MarketAxess' mailing address is 55 HUDSON YARDS 15TH FLOOR, NEW YORK NY, 10001. The official website for the company is www.marketaxess.com. The financial services provider can be reached via phone at (212) 813-6000, via email at tdelise@marketaxess.com, or via fax at 212-813-6390. This page (NASDAQ:MKTX) was last updated on 10/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MarketAxess Holdings Inc. 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