MarketAxess (MKTX) Stock Price, News & Analysis

Company Overview

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. government bonds, and other fixed-income securities; and executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds through its Open Trading protocols. It also provides 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 offers 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.

Key Stats

• Today's Range: $263.11 to $267.87
• 50-Day Range: $254.19 to $293.61
• 52-Week Range: $192.42 to $297.97
• Volume: 304,950 shs
• Average Volume: 347,532 shs
• Market Capitalization: $10.01 billion
• P/E Ratio: 35.97
• Dividend Yield: 1.12%
• Price Target: $267.50
• Consensus Rating: Hold

MarketAxess Stock Analysis - MarketRank™

MarketAxess scored higher than 96% of companies evaluated by MarketBeat, and ranked 49th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

MarketAxess has received a consensus rating of Hold. The company's average rating score is 2.09, and is based on 3 buy ratings, 6 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

MarketAxess has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 11.60%

Earnings Growth

Earnings for MarketAxess are expected to grow by 11.60% in the coming year, from $7.33 to $8.18 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MarketAxess is 35.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of MarketAxess is 35.97, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.60.

Price to Earnings Growth Ratio

MarketAxess has a PEG Ratio of 12.09. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

MarketAxess has a P/B Ratio of 7.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.81% of the float of MarketAxess has been sold short.

Short Interest Ratio / Days to Cover

MarketAxess has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MarketAxess has recently decreased by 14.72%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

MarketAxess pays a meaningful dividend of 1.11%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

MarketAxess has been increasing its dividend for 16 years.

Dividend Coverage

The dividend payout ratio of MarketAxess is 40.11%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, MarketAxess will have a dividend payout ratio of 36.19% next year. This indicates that MarketAxess will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.44

Percentage of Shares Shorted

1.81% of the float of MarketAxess has been sold short.

Short Interest Ratio / Days to Cover

MarketAxess has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in MarketAxess has recently decreased by 14.72%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.71

News Sentiment

MarketAxess has a news sentiment score of 0.71. 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 Week

MarketBeat has tracked 12 news articles for MarketAxess this week, compared to 7 articles on an average week.

Search Interest

Only 1 people have searched for MKTX on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, MarketAxess insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,111,700.00 in company stock.

Percentage Held by Insiders

Only 2.66% of the stock of MarketAxess is held by insiders.

Percentage Held by Institutions

99.01% of the stock of MarketAxess is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MKTX Stock Analysis - Frequently Asked Questions

How have MKTX shares performed this year?

MarketAxess' stock was trading at $292.85 at the beginning of the year. Since then, MKTX stock has decreased by 9.4% and is now trading at $265.44.
View the best growth stocks for 2024 here.

How were MarketAxess' earnings last quarter?

MarketAxess Holdings Inc. (NASDAQ:MKTX) issued its quarterly earnings data on Wednesday, November, 6th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.05. MarketAxess's quarterly revenue was up 20.0% compared to the same quarter last year.
Read the conference call transcript.

How will MarketAxess' stock buyback program work?

MarketAxess' Board of Directors approved a share repurchase program on Tuesday, August 6th 2024, which authorizes the company to repurchase $250,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

Does MarketAxess have any subsidiaries?

MarketAxess subsidiaries include these companies: LiquidityEdge.

Who are MarketAxess' major shareholders?

MarketAxess' top institutional investors include FMR LLC (5.20%), Van ECK Associates Corp (4.66%), State Street Corp (4.19%) and Primecap Management Co. CA (3.55%). Insiders that own company stock include Richard M Mcvey, Kevin M Mcpherson, Christopher R Concannon, Stephen P Casper, Steven L Begleiter, Christophe Pierre Danie Roupie, Scott Pintoff, Richard Leon Prager and Nicholas Themelis.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of MarketAxess own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MarketAxess investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Salesforce (CRM), Broadcom (AVGO), Netflix (NFLX) and Chevron (CVX).

Company Calendar

• Ex-Dividend for 9/4 Dividend: 8/21/2024
• Dividend Payable: 9/04/2024
• Last Earnings: 11/06/2024
• Ex-Dividend for 12/4 Dividend: 11/20/2024
• Today: 11/21/2024
• Dividend Payable: 12/04/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Security brokers & dealers
• Sub-Industry: Specialized Finance
• Current Symbol: NASDAQ:MKTX
• CUSIP: 57060D10
• CIK: 1278021
• Web: www.marketaxess.com
• Phone: (212) 813-6000
• Fax: 212-813-6390
• Employees: 740
• Year Founded: 2000

Price Target and Rating

• Average Stock Price Target: $267.50
• High Stock Price Target: $335.00
• Low Stock Price Target: $185.00
• Potential Upside/Downside: +0.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.09
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.38
• Trailing P/E Ratio: 35.97
• Forward P/E Ratio: 36.21
• P/E Growth: 12.09
• Net Income: $258.05 million
• Net Margins: 34.32%
• Pretax Margin: 44.31%
• Return on Equity: 20.93%
• Return on Assets: 14.55%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.56
• Quick Ratio: 3.56

Sales & Book Value

• Annual Sales: $752.55 million
• Price / Sales: 13.30
• Cash Flow: $8.78 per share
• Price / Cash Flow: 30.22
• Book Value: $36.77 per share
• Price / Book: 7.22

Miscellaneous

• Outstanding Shares: 37,700,000
• Free Float: 36,701,000
• Market Cap: $10.01 billion
• Optionable: Optionable
• Beta: 1.05