MKTX

MarketAxess Holdings Inc. [MKTX] Stock Forecast

Q: What is MarketAxess Holdings Inc. stock symbol ?

MarketAxess Holdings Inc. is a US stock, located in New york of Ny and trading under the symbol MKTX

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MKTX Stock Summary

Earnings are expected to rise 29.81% next year

MKTX's dividend payments are well covered by cash flows with cash payout ratio of 43.81%.

An RSI reading of 70 or higher indicates an overbought or overvalued condition.

EPS has been decreasing for the past 3 years (Yearly statements)

Profit margins (0.34%) are lower than the previous year (0.35%)

MKTX has less than 1 year of cash runway

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In the News

12:02 10 Dec 2023 MKTX

Taking a Closer Look at MarketAxess' (MKTX) 9.8% 2-Day Rally

MarketAxess (MKTX) achieves record November trading volumes in Eurobonds, reaching $43.7 billion.

04:59 10 Dec 2023 MKTX

Why MarketAxess Holdings Rocketed Higher Again Today

An analyst raised his price target on the shares. This was a double-digit raise, from $270 to $300 per share.

06:25 10 Dec 2023 MKTX

Why MarketAxess Holdings Crushed the Market Today

Trading volume was heavy in November. The more trades MarketAxess facilitiates, the better it tends to do.

08:00 10 Dec 2023 MKTX

Down 7% In The Last Three Month, Can MarketAxess Stock Turn Into A Winner?

MarketAxess saw its stock trading at around $256 at the end of June 2022, just before the Fed started increasing rates, and is trading 9% below that level now.

02:28 10 Dec 2023 MKTX

MarketAxess Holdings, Inc. (MKTX) Q3 2023 Earnings Call Transcript

MarketAxess Holdings, Inc. (NASDAQ:MKTX ) Q3 2023 Earnings Conference Call October 25, 2023 10:00 AM ET Company Participants Stephen Davidson - Head of Investor Relations Chris Concannon - Chief Executive Officer Richard Schiffman - Global Head of Trading Solutions Christopher Gerosa - Chief Financial Officer Conference Call Participants Christopher Allen - Citigroup Patrick Moley - Piper Sandler Alex Kramm - UBS Benjamin Budish - Barclays Capital Daniel Fannon - Jefferies Brian Bedell - Deutsche Bank Simon Clinch - Redburn Atlantic Kyle Voigt - KBW Michael Cyprys - Morgan Stanley Alexander Blostein - Goldman Sachs Patrick O'Shaughnessy - Raymond James Operator Ladies and gentlemen, thank you for standing by. Welcome to the MarketAxess Third Quarter 2023 Earnings Conference Call.

01:32 10 Dec 2023 MKTX

MarketAxess (MKTX) Q3 Earnings Miss on Higher Expenses

MarketAxess (MKTX) anticipates expenses between $432 million and $438 million for this year, the mid-point of which indicates an 11.1% increase from the 2022 reported figure.

09:01 10 Dec 2023 MKTX

MarketAxess (MKTX) Lags Q3 Earnings and Revenue Estimates

MarketAxess (MKTX) came out with quarterly earnings of $1.46 per share, missing the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.58 per share a year ago.

09:46 10 Dec 2023 MKTX

Will High Expenses Hurt MarketAxess (MKTX) in Q3 Earnings?

MarketAxess' (MKTX) Q3 results are expected to suffer from increased expenses and reduced trading volume in the rates product line, partly offset by strong growth in variable transaction fees.

04:10 10 Dec 2023 MKTX

MarketAxess to Host Conference Call Announcing Third Quarter 2023 Financial Results on Wednesday, October 25, 2023

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its third quarter 2023 financial results on Wednesday, October 25, 2023, before the market opens. Chris Concannon, Chief Executive Officer, Richard Schiffman, Global Head of Trading Solutions and Christopher Gerosa, Chief Financial Officer, will host a conference call to discuss the Company's financial result.

09:57 10 Dec 2023 MKTX

MarketAxess: Bullish Trajectory Appears To Be Gaining Momentum

MarketAxess Holdings Inc. has retested its support level and is assuming a bullish trajectory, making it a potential buy. The company's launch of open trading for local currency bonds in emerging markets could increase revenue and market share. MarketAxess has a solid business model, strong financial footing, and positive technical indicators, making it an attractive investment opportunity.

MKTX Financial details

Company Rating

Buy

Market Cap

9.86B

Income

247.65M

Revenue

733.2M

Book val./share

31.08

Cash/share

10.58

Dividend

2.88

Dividend %

1.1%

Employees

744

Optionable

Shortable

Yes

Earnings

17 Oct 2023

P/E

38.92

Forward P/E

35.12

PEG

-99.17

P/S

13.45

P/B

8.42

P/C

24.73

P/FCF

34.03

Quick Ratio

2.59

Current Ratio

2.95

Debt / Equity

0.14

LT Debt / Equity

0.07

EPS (TTM)

6.61

EPS next Y

7.45

EPS next Q

1.64

EPS this Y

-2.91%

EPS next Y

12.7%

EPS next 5Y

27.59%

EPS last 5Y

7.38%

Revenue last 5Y

10.52%

Revenue Q/Q

-4.2%

EPS Q/Q

-8.13%

SMA20

12.16%

SMA50

15.76%

SMA100

-2.84%

Inst Own

69.83%

Inst Trans

0.7%

ROA

16%

ROE

23%

ROC

0.26%

Gross Margin

74%

Oper. Margin

44%

Profit Margin

34%

Payout

32%

Shs Outstand

37.67M

Shs Float

36.92M

Target Price

308.8

52W Range

200.01-399.78

52W High

-34.42%

52W Low

+30.84%

RSI

75.88

Rel Volume

0.89

Avg Volume

451.29K

Volume

402.72K

Perf Week

10.37%

Perf Month

23.09%

Perf Quarter

-4.66%

Perf Half Y

-3.64%

Beta

0.767232

Volatility

10.17%, 13.79%

Prev Close

0.31%

Price

261.68

Change

-0.93%

MKTX Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	11.79	13.79	18.45	18.63	19.17
Net income per share	4.68	5.53	8.01	6.88	6.68
Operating cash flow per share	6.06	7.17	10.83	7.52	7.72
Free cash flow per share	4.77	6.24	9.61	6.17	6.33
Cash per share	6.66	7.28	12.34	13.81	12.4
Book value per share	16.45	20.77	25.56	27.76	28.85
Tangible book value per share	14.75	15.16	19.07	20.53	22.11
Share holders equity per share	16.45	20.77	25.56	27.76	28.85
Interest debt per share	0	5.28	5.04	4.74	4.43
Market cap	7.81B	14.06B	21.32B	15.43B	10.45B
Enterprise value	7.56B	13.89B	20.95B	15.01B	10.1B
P/E ratio	45.18	68.61	71.2	59.82	41.76
Price to sales ratio	17.93	27.49	30.93	22.07	14.55
POCF ratio	34.88	52.86	52.7	54.68	36.13
PFCF ratio	44.29	60.8	59.4	66.64	44.02
P/B Ratio	12.85	18.26	22.32	14.81	9.67
PTB ratio	12.85	18.26	22.32	14.81	9.67
EV to sales	17.36	27.16	30.4	21.47	14.06
Enterprise value over EBITDA	32.95	51.49	51.21	38.7	25.23
EV to operating cash flow	33.78	52.22	51.79	53.2	34.92
EV to free cash flow	42.89	60.05	58.37	64.83	42.56
Earnings yield	0.02	0.01	0.01	0.02	0.02
Free cash flow yield	0.02	0.02	0.02	0.02	0.02
Debt to equity	0	0.25	0.2	0.17	0.15
Debt to assets	0	0.21	0.14	0.12	0.1
Net debt to EBITDA	-1.07	-0.64	-0.9	-1.08	-0.87
Current ratio	6.25	4.18	3.18	2.64	2.49
Interest coverage	0	0	328.13	400.52	466.97
Income quality	1.3	1.3	1.35	1.09	1.16
Dividend Yield	0.01	0.01	0	0.01	0.01
Payout ratio	0.36	0.37	0.3	0.39	0.42
Sales general and administrative to revenue	0.16	0.16	0.13	0.16	0.17
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.09	0.22	0.18	0.18	0.16
Capex to operating cash flow	-0.21	-0.13	-0.11	-0.18	-0.18
Capex to revenue	-0.11	-0.07	-0.07	-0.07	-0.07
Capex to depreciation	-2.06	-1.06	-1.07	-0.84	-0.77
Stock based compensation to revenue	0.04	0.05	0.04	0.04	0.04
Graham number	41.6	50.81	67.89	65.53	65.85
ROIC	0.28	0.19	0.24	0.2	0.18
Return on tangible assets	0.27	0.27	0.27	0.2	0.18
Graham Net	5.16	3.55	9.48	10.21	8.27
Working capital	255.25M	276.06M	616.36M	655.47M	660.76M
Tangible asset value	545.2M	562.25M	712.32M	770.14M	828.24M
Net current asset value	216.2M	178.07M	522.75M	567.04M	578.09M
Invested capital	0	0.25	0.2	0.17	0.15
Average receivables	55.09M	59.78M	210.75M	415.86M	513.51M
Average payables	21.8M	24.33M	29.7M	55.66M	63.24M
Average inventory	-20.59M	-11.23M	0	0	-44.46M
Days sales outstanding	48.21	44.27	190.41	246.6	281.91
Days payables outstanding	98.23	53.73	93.31	152.09	110.77
Days of inventory on hand	-75.16	0	0	0	-178.23
Receivables turnover	7.57	8.25	1.92	1.48	1.29
Payables turnover	3.72	6.79	3.91	2.4	3.3
Inventory turnover	-4.86	0	0	0	-2.05
ROE	0.28	0.27	0.31	0.25	0.23
Capex per share	-1.29	-0.94	-1.22	-1.35	-1.38

Quarterly Fundamentals Overview

Last date of statement is 2023-06-30 for Q2

Metric	2022-06-30	2022-09-30	2022-12-31	2023-03-31	2023-06-30
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	4.86	4.59	4.75	5.42	4.8
Net income per share	1.78	1.58	1.58	1.96	1.6
Operating cash flow per share	2.5	2.27	3.58	0.2	2.81
Free cash flow per share	2.22	1.94	3.1	-0.09	2.78
Cash per share	8.66	9.39	12.4	9.97	10.58
Book value per share	26.67	27.18	28.84	29.93	31.08
Tangible book value per share	19.73	20.39	22.1	23.28	24.56
Share holders equity per share	26.67	27.18	28.84	29.93	31.08
Interest debt per share	4.57	4.45	2.21	4.34	4.27
Market cap	9.61B	8.34B	10.45B	14.66B	9.8B
Enterprise value	9.4B	8.1B	10.1B	14.41B	9.48B
P/E ratio	35.89	35.15	44.12	49.79	40.93
Price to sales ratio	52.72	48.45	58.76	72.18	54.49
POCF ratio	102.61	97.99	77.87	1.95K	92.98
PFCF ratio	115.46	114.88	90.03	-4.34K	93.92
P/B Ratio	9.6	8.19	9.67	13.08	8.41
PTB ratio	9.6	8.19	9.67	13.08	8.41
EV to sales	51.6	47.08	56.8	70.94	52.73
Enterprise value over EBITDA	89.64	87.25	106.13	125.57	98.77
EV to operating cash flow	100.42	95.22	75.28	1.91K	89.97
EV to free cash flow	112.99	111.63	87.03	-4.26K	90.88
Earnings yield	0.01	0.01	0.01	0.01	0.01
Free cash flow yield	0.01	0.01	0.01	0	0.01
Debt to equity	0.17	0.16	0.08	0.15	0.14
Debt to assets	0.11	0.11	0.05	0.1	0.1
Net debt to EBITDA	-1.95	-2.53	-3.66	-2.19	-3.3
Current ratio	2.31	2.43	2.49	2.6	2.95
Interest coverage	251.6	552.98	1.49K	733.51	1.43K
Income quality	1.4	1.43	2.27	0.1	1.76
Dividend Yield	0	0	0	0	0
Payout ratio	0.39	0.44	0.44	0.39	0
Sales general and administrative to revenue	0.16	0.17	0.18	0.16	0.17
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.17	0.16	0.16	0.15	0.15
Capex to operating cash flow	-0.11	-0.15	-0.14	-1.45	-0.01
Capex to revenue	-0.06	-0.07	-0.1	-0.05	-0.01
Capex to depreciation	-0.63	-0.76	-1.05	-0.61	-0.06
Stock based compensation to revenue	0.04	0.04	0.04	0.04	0
Graham number	32.71	31.11	32.02	36.37	33.42
ROIC	0.05	0.05	0.05	0.05	0.04
Return on tangible assets	0.05	0.05	0.04	0.05	0.04
Graham Net	6.47	7.12	8.26	9.62	9.92
Working capital	629.81M	653.88M	660.76M	682.94M	728.68M
Tangible asset value	740.41M	764.06M	828.24M	872.33M	920.49M
Net current asset value	544.25M	570.6M	578.09M	601.62M	648.76M
Invested capital	0.17	0.16	0.08	0.15	0.14
Average receivables	750.97M	688.75M	613.49M	606.61M	615.57M
Average payables	56.55M	45.08M	51.31M	50.97M	39.55M
Average inventory	-86.65M	-92.14M	-92.62M	-44.46M	0
Days sales outstanding	348.33	351.51	280.66	291.68	286.6
Days payables outstanding	84.77	95.14	112.76	80.3	60.31
Days of inventory on hand	-174.24	-193.47	-181.44	0	0
Receivables turnover	0.26	0.26	0.32	0.31	0.31
Payables turnover	1.06	0.95	0.8	1.12	1.49
Inventory turnover	-0.52	-0.47	-0.5	0	0
ROE	0.07	0.06	0.05	0.07	0.05
Capex per share	-0.28	-0.33	-0.48	-0.29	-0.03

MKTX Dividend History

MKTX Frequently Asked Questions

What is MarketAxess Holdings Inc. stock symbol ?

MarketAxess Holdings Inc. is a US stock , located in New york of Ny and trading under the symbol MKTX

Is MarketAxess Holdings Inc. buy or a sell ?

14 stock analysts have 14 predictions with a medium analyst target price of $316.57. The lowest prediction is $240 and the highest is $402

What is MKTX stock prediction ?

What is MarketAxess Holdings Inc. stock quote today ?

MarketAxess Holdings Inc. stock price is $261.68 today.

Is MarketAxess Holdings Inc. stock public?

Yes, MarketAxess Holdings Inc. is a publicly traded company.

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Company Profile

Volume Average 451.29K
Market Capitalization 9.86B
Employee 744
CEO Mr. Christopher R. Concannon
Headquarters New York,NY,US
IPO Date 2004-11-05
Website https://www.marketaxess.com

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.