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NASDAQ:MKTX

MarketAxess - MKTX Stock Forecast, Price & News

$276.58
+5.72 (+2.11%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$271.13
$279.75
50-Day Range
$256.01
$284.49
52-Week Range
$249.01
$487.79
Volume
247,797 shs
Average Volume
343,230 shs
Market Capitalization
$10.41 billion
P/E Ratio
43.35
Dividend Yield
1.03%
Price Target
$328.22

MarketAxess MarketRank™ Forecast

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
18.7% Upside
$328.22 Price Target
Short Interest
Healthy
1.64% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.27
Upright™ Environmental Score
News Sentiment
0.56mentions of MarketAxess in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$495,952 Sold Last Quarter
Proj. Earnings Growth
14.73%
From $6.72 to $7.71 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.00 out of 5 stars

Finance Sector

72nd out of 926 stocks

Security Brokers & Dealers Industry

5th out of 25 stocks

MKTX stock logo

About MarketAxess (NASDAQ:MKTX) Stock

MarketAxess 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.

MarketAxess Price Performance

MarketAxess stock opened at $270.86 on Monday. The firm has a market capitalization of $10.20 billion, a P/E ratio of 42.45 and a beta of 0.59. MarketAxess has a 1-year low of $249.01 and a 1-year high of $487.79. The company's 50-day moving average is $267.33 and its 200 day moving average is $299.70.

MarketAxess (NASDAQ:MKTX - Get Rating) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. MarketAxess had a return on equity of 23.55% and a net margin of 34.77%. The firm had revenue of $182.20 million for the quarter, compared to the consensus estimate of $185.24 million. During the same period in the prior year, the business posted $1.77 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts anticipate that MarketAxess will post 6.72 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Stockholders of record on Wednesday, August 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, August 2nd. MarketAxess's dividend payout ratio is currently 43.89%.

Analyst Ratings Changes

MKTX has been the topic of several research analyst reports. Piper Sandler decreased their price target on shares of MarketAxess from $300.00 to $285.00 and set a "neutral" rating on the stock in a research note on Friday, July 1st. Compass Point upgraded MarketAxess from a "sell" rating to a "neutral" rating and set a $275.00 price target for the company in a report on Thursday, April 21st. Jefferies Financial Group lowered their target price on MarketAxess from $315.00 to $300.00 and set a "hold" rating for the company in a research report on Monday, June 27th. Credit Suisse Group reduced their price target on shares of MarketAxess from $316.00 to $305.00 and set a "neutral" rating on the stock in a research report on Thursday, July 7th. Finally, Morgan Stanley decreased their price target on shares of MarketAxess from $338.00 to $325.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 19th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, MarketAxess presently has a consensus rating of "Hold" and an average target price of $328.22.

Insider Activity

In related news, insider Christophe Pierre Danie Roupie sold 1,740 shares of the firm's stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $285.03, for a total value of $495,952.20. Following the transaction, the insider now owns 5,318 shares of the company's stock, valued at approximately $1,515,789.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.94% of the company's stock.

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MKTX Stock News Headlines

Expert Ratings for MarketAxess Holdings
How Much Longer Will It Be Under $1?
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MarketAxess (MKTX) Q2 Earnings Top Estimates
See More Headlines
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MKTX Company Calendar

Ex-Dividend for 5/18 Dividend
5/03/2022
Dividend Payable
5/18/2022
Last Earnings
7/20/2022
Ex-Dividend for 8/17 Dividend
8/02/2022
Today
8/15/2022
Dividend Payable
8/17/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Security brokers & dealers
Sub-Industry
Specialized Finance
Sector
Finance
Current Symbol
NASDAQ:MKTX
CUSIP
57060D10
Employees
676
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$328.22
High Stock Price Forecast
$471.00
Low Stock Price Forecast
$275.00
Forecasted Upside/Downside
+18.7%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
9 Analysts

Profitability

Net Income
$257.89 million
Pretax Margin
46.89%

Debt

Sales & Book Value

Annual Sales
$698.95 million
Cash Flow
$8.54 per share
Book Value
$27.38 per share

Miscellaneous

Free Float
36,910,000
Market Cap
$10.41 billion
Optionable
Optionable
Beta
0.59

Social Links















MKTX Stock - Frequently Asked Questions

Should I buy or sell MarketAxess stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MarketAxess in the last twelve months. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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 2022?

9 Wall Street analysts have issued 12-month target prices for MarketAxess' stock. Their MKTX share price forecasts range from $275.00 to $471.00. On average, they predict the company's share price to reach $328.22 in the next year. This suggests a possible upside of 18.7% 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 2022?

MarketAxess' stock was trading at $411.27 at the beginning of the year. Since then, MKTX shares have decreased by 32.7% and is now trading at $276.58.
View the best growth stocks for 2022 here
.

When is MarketAxess' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our MKTX earnings forecast
.

How were MarketAxess' earnings last quarter?

MarketAxess Holdings Inc. (NASDAQ:MKTX) announced its earnings results on Wednesday, July, 20th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.07. The financial services provider earned $182.20 million during the quarter, compared to the consensus estimate of $185.24 million. MarketAxess had a trailing twelve-month return on equity of 23.55% and a net margin of 34.77%. The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company posted $1.77 earnings per share.
Read the conference call transcript
.

How often does MarketAxess pay dividends? What is the dividend yield for MarketAxess?

MarketAxess announced a quarterly dividend on Wednesday, July 20th. Stockholders of record on Wednesday, August 3rd will be given a dividend of $0.70 per share on Wednesday, August 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, August 2nd.
Read our dividend analysis for MKTX
.

Is MarketAxess a good dividend stock?

MarketAxess (NASDAQ:MKTX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 1.03%. 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 43.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MKTX will have a dividend payout ratio of 36.32% 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."

Who are MarketAxess' major shareholders?

MarketAxess' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include GUARDCAP ASSET MANAGEMENT Ltd (5.21%), Baillie Gifford & Co. (3.90%), Allspring Global Investments Holdings LLC (2.17%), Primecap Management Co. CA (2.14%), Kayne Anderson Rudnick Investment Management LLC (1.52%) and Allianz Asset Management GmbH (1.05%). Insiders that own company stock include Antonio L Delise, Christophe Pierre Danie Roupie, Kevin M Mcpherson, Kevin M Mcpherson, Nicholas Themelis, Richard Leon Prager, Richard M Mcvey, Richard M Mcvey, Scott Pintoff and Stephen P Casper.
View institutional ownership trends
.

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 $276.58.

How much money does MarketAxess make?

MarketAxess (NASDAQ:MKTX) has a market capitalization of $10.41 billion and generates $698.95 million in revenue each year. The financial services provider earns $257.89 million in net income (profit) each year or $6.38 on an earnings per share basis.

How many employees does MarketAxess have?

The company employs 676 workers across the globe.

Does MarketAxess have any subsidiaries?
The following companies are subsidiares of MarketAxess: LiquidityEdge.
Read More
When was MarketAxess founded?

MarketAxess was founded in 2000.

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) 813-6027, via email at tdelise@marketaxess.com, or via fax at 212-813-6390.

This page (NASDAQ:MKTX) was last updated on 8/15/2022 by MarketBeat.com Staff

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