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Marketaxess Holdings (MKTX)
NASDAQ:MKTX
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MKTX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$192.42 - $297.97
Previous Close$287.4
Volume340.42K
Average Volume (3M)366.81K
Market Cap
$10.85B
Enterprise Value$10.31B
Total Cash (Recent Filing)$616.11M
Total Debt (Recent Filing)$76.08M
Price to Earnings (P/E)41.4
Beta1.07
Next Earnings
Nov 06, 2024EPS Estimate
$1.84Last Dividend Ex-Date
Aug 21, 2024Dividend Yield1.02%
Share Statistics
EPS (TTM)6.95
Shares Outstanding37,751,975
10 Day Avg. Volume286,073
30 Day Avg. Volume366,811
Standard Deviation0.12
R-Squared0.22
Alpha-0.00939
Financial Highlights & Ratios
Price to Book (P/B)8.16
Price to Sales (P/S)13.95
Price to Cash Flow (P/CF)22.80
P/FCF Ratio26.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue13.26
Enterprise Value/Gross Profit18.90
Enterprise Value/Ebitda38.83
Forecast
1Y Price Target
$266.00Price Target Upside-7.51% Downside
Rating ConsensusHold
Number of Analyst Covering10
Marketaxess Holdings News
PremiumMarket News
VOO ETF Update, 10/31/2024 
PremiumMarket News
SPY ETF Update, 10/30/2024 
Bulls Say, Bears Say
Bulls Say
Financial PerformanceMKTX reported total credit ADV of $14.1b, which is up +27% y/y, and +7% above MSe and +8% above consensus estimates for the quarter.
Share Repurchase ProgramThe company also increased share repurchases in the quarter and approved a new repurchase program, bringing the $50M currently remaining under the existing plan up to $250M.
Strategic PartnershipsThe collaboration has the potential to accelerate electronification in the underpenetrated municipal bond asset class, forges meaningful retail connectivity, and opens the door to additional opportunities in the future.
Bears Say
Earnings PerformanceThe stock's EPS growth algorithm remains below historical levels, suggesting ongoing challenges in achieving robust financial performance.
Market ShareUS HY market share declined to 12.1%, the lowest level since January 2020, indicating ongoing pressure in maintaining competitive positioning.
Strategic InitiativesThere is limited evidence of success from initiatives aimed at improving market share and further electronification of credit markets, raising concerns about strategic direction.
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Ownership Overview
2.30% Insiders
32.27% Mutual Funds
5.65% Other Institutional Investors
30.25% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MKTX FAQ
What was Marketaxess Holdings’s price range in the past 12 months?
Marketaxess Holdings lowest stock price was $192.42 and its highest was $297.97 in the past 12 months.
What is Marketaxess Holdings’s market cap?
Currently, no data Available
When is Marketaxess Holdings’s upcoming earnings report date?
Marketaxess Holdings’s upcoming earnings report date is Nov 06, 2024 which is tomorrow.
How were Marketaxess Holdings’s earnings last quarter?
Marketaxess Holdings released its earnings results on Aug 06, 2024. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.679 by $0.041.
Is Marketaxess Holdings overvalued?
According to Wall Street analysts Marketaxess Holdings’s price is currently Overvalued.
Does Marketaxess Holdings pay dividends?
Marketaxess Holdings pays a Quarterly dividend of $0.74 which represents an annual dividend yield of 1.02%. See more information on Marketaxess Holdings dividends here
What is Marketaxess Holdings’s EPS estimate?
Marketaxess Holdings’s EPS estimate is $1.84.
How many shares outstanding does Marketaxess Holdings have?
Marketaxess Holdings has 37,751,976 shares outstanding.
What happened to Marketaxess Holdings’s price movement after its last earnings report?
Marketaxess Holdings reported an EPS of $1.72 in its last earnings report, beating expectations of $1.679. Following the earnings report the stock price went up 5.239%.
Which hedge fund is a major shareholder of Marketaxess Holdings?
Among the largest hedge funds holding Marketaxess Holdings’s share is Guardcap Asset Management Ltd. It holds Marketaxess Holdings’s shares valued at 430M.
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Marketaxess Holdings Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$266.00 (-7.51% Downside)
$266.00 (-7.51% Downside)
Blogger Sentiment
Bullish
MKTX Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 50.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 0.6%
Last 30 Days ▲ 0.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
34.05%
12-Months-Change
Fundamentals
Return on Equity
21.02%
Trailing 12-Months
Asset Growth
16.52%
Trailing 12-Months
Company Description
Marketaxess Holdings
MarketAxess Holdings, Inc. operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties. The firm's patented trading technology allows institutional investor clients to request competitive, executable bids, or offers from multiple broker dealers simultaneously and to execute trades with the broker dealer of their choice. The company was founded by Richard M. Mcvey on April 11, 2000 and is headquartered in New York, NY.
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MKTX Company Deck
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MKTX Earnings Call
Q2 2024
0:00 / 0:00
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MKTX Revenue Breakdown
88.10% Commissions
6.16% Information services
5.34% Post-trade services
0.40% Other
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MKTX Stock 12 Month Forecast
Average Price Target
$266.00
▼(-7.51% Downside)
Technical Analysis
Best Analysts Covering MKTX
1 Year
1 Year Success Rate
11/13 ratings generated profit
1 Year Average Return
+17.13%
reiterated a buy rating last month
Copying Christopher Allen's trades and holding each position for 1 Year would result in 84.62% of your transactions generating a profit, with an average return of +17.13% per trade.
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