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Marketaxess Holdings Inc Stock Research

MKTX

381.09USD-4.90(-1.27%)Delayed

Market Summary

USD381.09-4.90
Delayed
-1.27%

MKTX Alerts

MKTX Stock Price

MKTX RSI Chart

MKTX Valuation

Market Cap

14.3B

Price/Earnings (Trailing)

57.34

Price/Sales (Trailing)

19.97

EV/EBITDA

34.75

Price/Free Cashflow

51.97

MKTX Price/Sales (Trailing)

MKTX Profitability

EBT Margin

47.10%

Return on Equity

23.15%

Return on Assets

15.56%

Free Cashflow Yield

1.92%

MKTX Fundamentals

MKTX Revenue

Revenue (TTM)

718.3M

Revenue Y/Y

7.78%

Revenue Q/Q

3.36%

MKTX Earnings

Earnings (TTM)

250.2M

Earnings Y/Y

13.49%

Earnings Q/Q

-0.14%

Price Action

52 Week Range

217.44394.61
(Low)(High)

Last 7 days

-1.4%

Last 30 days

9.9%

Last 90 days

36.2%

Trailing 12 Months

9.2%

MKTX Financial Health

MKTX Investor Care

Dividend Yield

0.73%

Dividend/Share (TTM)

2.8

Buy Backs (1Y)

0.71%

Diluted EPS (TTM)

6.65

Peers (Alternatives to Marketaxess Holdings)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
106.7B
39.7B
-11.83% -3.01%
9.47
2.69
-24.93% -47.95%
103.5B
20.8B
-31.94% -39.41%
14.41
4.99
12.11% 22.68%
97.1B
17.9B
-4.45% -9.97%
18.75
5.43
-7.75% -12.25%
19.9B
11.5B
-14.06% -14.69%
12.67
1.73
10.02% 2.28%
14.3B
718.3M
9.94% 9.18%
57.34
19.97
2.77% -2.97%
MID-CAP
8.1B
2.7B
-7.79% 20.55%
4.4
3.02
95.77% 12.59%
7.5B
2.0B
-7.16% -7.65%
15.69
3.75
3.79% -13.01%
6.4B
4.6B
-11.66% -17.65%
9.67
1.39
-3.98% -19.72%
1.9B
64.7B
-0.16% 29.83%
8.04
0.03
35.87% 74.73%
SMALL-CAP
1.9B
1.4B
-8.84% 7.66%
17.17
1.32
-29.71% -60.26%
1.8B
2.4B
-7.34% -52.92%
6.73
0.75
-15.89% -44.42%
1.1B
1.5B
0.39% 32.10%
14.3
0.71
-27.22% -74.14%
819.0M
10.3M
2.35% -10.50%
-15.41
79.58
-29.47% -152.67%
426.1M
1.1B
-13.54% -11.07%
13.17
0.38
-20.31% -79.65%
155.3M
258.5M
-20.61% -44.42%
47.43
0.6
-18.61% -92.26%

Financials for Marketaxess Holdings

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.8%718705695690699
Operating Expenses2.0%391384376368362
  S&GA Expenses12.4%19.0017.0016.0015.0015.00
EBITDA2.3%400392386380-
EBITDA Margin0.4%0.56*0.56*0.56*0.55*-
Earnings Before Taxes2.4%338330326323334
EBT Margin0.5%0.47*0.47*0.47*0.47*-
Interest Expenses-14.0%1.001.001.001.001.00
Net Income2.9%250243242242258
Net Income Margin1.1%0.35*0.34*0.35*0.35*-
Free Cahsflow-5.2%276291268267-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.1%1,6081,5601,5681,7071,530
    Cash Equivalents35.2%431319291365507
  Net PPE7.2%10094.0093.0095.0096.00
  Goodwill0%155155155155155
Liabilities-2.6%527541567684489
Shareholder's Equity6.1%1,0811,0191,0011,0241,041
  Retained Earnings3.1%1,1021,0691,036995957
  Additional Paid-In Capital4.6%345330325318330
Accumulated Depreciation-181----
Shares Outstanding0.0%38.0038.0038.0038.0038.00
Float-15,300----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-3.8%289301278282282
  Share Based Compensation3.1%30.0029.0028.0028.0027.00
Cashflow From Investing-8.5%-86.27-79.55-79.99-66.18-67.69
Cashflow From Financing15.1%-242-285-284-257-189
  Buy Backs-34.0%88.0013313710163.00

Risks for MKTX

What is the probability of a big loss on MKTX?

71.9%


Probability that Marketaxess Holdings stock will be more than 20% underwater in next one year

28.1%


Probability that Marketaxess Holdings stock will be more than 30% underwater in next one year.

18.1%


Probability that Marketaxess Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MKTX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Marketaxess Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for MKTX

Cumulative Returns on MKTX

27.2%


10-Year Cumulative Returns

18.6%


7-Year Cumulative Returns

13.1%


5-Year Cumulative Returns

4.3%


3-Year Cumulative Returns

What are the long-term rolling returns for MKTX?

FIve years rolling returns for Marketaxess Holdings.

Annualized Returns

Which funds bought or sold MKTX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
reduced
-1.94
587,369
3,150,900
0.03%
2023-03-23
ETF MANAGERS GROUP, LLC
added
3.96
135,948
585,948
0.03%
2023-03-17
American Portfolios Advisors
added
13.51
-127
9,345
-%
2023-03-10
BAILLIE GIFFORD & CO
added
0.53
82,168,500
398,061,000
0.42%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
40.98
2,217,870
5,107,870
0.01%
2023-03-06
Rockefeller Capital Management L.P.
added
0.37
62,000
303,000
-%
2023-02-28
Voya Investment Management LLC
added
1.68
1,435,910
6,664,910
0.01%
2023-02-24
SRS Capital Advisors, Inc.
new
-
279
279
-%
2023-02-24
NATIXIS
sold off
-100
-516,000
-
-%
2023-02-24
National Pension Service
unchanged
-
760
3,904
-%

1–10 of 47

Latest Funds Activity

Are funds buying MKTX calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MKTX
No. of Funds

Marketaxess Holdings News

MarketBeat

Hixon Zuercher LLC Boosts Stake in MarketAxess Holdings Inc ....

MarketBeat,
2 hours ago

Investor's Business Daily

ETF Trends

InvestorPlace

Weekly Upgrades and Downgrades.

InvestorPlace,
15 days ago

Schedule 13G FIlings of Marketaxess Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 08, 2023
blackrock inc.
10.2%
3,820,652
SC 13G/A
Feb 15, 2023
guardian capital lp
5.1%
1,910,101
SC 13G
Feb 14, 2023
price t rowe associates inc /md/
0.9%
325,702
SC 13G/A
Feb 14, 2023
t. rowe price investment management, inc.
5.5%
2,071,391
SC 13G
Feb 09, 2023
vanguard group inc
11.40%
4,291,798
SC 13G/A
Jan 25, 2023
blackrock inc.
8.8%
3,320,494
SC 13G
Feb 14, 2022
price t rowe associates inc /md/
9.6%
3,668,968
SC 13G
Feb 03, 2022
blackrock inc.
9.4%
3,563,993
SC 13G/A
Feb 10, 2021
vanguard group inc
10.97%
4,165,820
SC 13G/A
Jan 29, 2021
blackrock inc.
9.1%
3,435,510
SC 13G/A

MKTX Fair Value

Marketaxess Holdings fair value in different scenarios

The table shows the Fair Value estimates for Marketaxess Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

94.23

-75.27%

127.04

-66.66%

168.20

-55.86%

227.65

-40.26%

287.61

-24.53%
Current Inflation

87.02

-77.17%

115.07

-69.81%

149.38

-60.80%

199.19

-47.73%

249.79

-34.45%
Very High Inflation

78.08

-79.51%

100.61

-73.60%

127.21

-66.62%

166.21

-56.39%

206.24

-45.88%

Historical Marketaxess Holdings Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Marketaxess Holdings

View All Filings
Date Filed Form Type Document
Mar 10, 2023
4
Insider Trading
Mar 08, 2023
SC 13G/A
Major Ownership Report
Mar 07, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Feb 22, 2023
10-K
Annual Report
Feb 17, 2023
4
Insider Trading
Feb 17, 2023
4
Insider Trading
Feb 17, 2023
4
Insider Trading
Feb 17, 2023
4
Insider Trading
Feb 17, 2023
4
Insider Trading

Latest Insider Trading transactions for MKTX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-08
Pintoff Scott
sold
-89,699
358
-250
general counsel and secretary
2023-03-03
Roupie Christophe Pierre Daniel
sold
-221,414
366
-604
head of emea and apac
2023-03-01
Panchal Naineshkumar Shantilal
sold (taxes)
-185,442
347
-534
chief information officer
2023-02-15
Panchal Naineshkumar Shantilal
acquired
-
-
913
chief information officer
2023-02-15
Roupie Christophe Pierre Daniel
acquired
-
-
1,279
head of emea and apac
2023-02-15
McPherson Kevin M
acquired
-
-
2,178
global head of sales
2023-02-15
CONCANNON CHRISTOPHER R
acquired
-
-
1,967
president & coo
2023-02-15
McVey Richard M
acquired
-
-
2,494
chairman & ceo
2023-02-15
Pintoff Scott
acquired
-
-
1,194
general counsel and secretary
2023-02-15
Gerosa Christopher N.
acquired
-
-
328
chief financial officer

1–10 of 50

Richard M. McVey
680
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.

MKTX Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Revenues$ 718,300$ 698,951$ 689,125
Expenses   
Employee compensation and benefits182,104170,916156,885
Depreciation and amortization61,44653,44735,996
Technology and communications52,96442,47434,092
Professional and consulting fees33,94941,92532,304
Occupancy14,12113,32013,425
Marketing and advertising9,9779,0597,940
Clearing costs17,66316,07421,058
General and administrative19,20014,50112,697
Total expenses391,424361,716314,397
Operating income (loss)326,876337,235374,728
Other income (expense)   
Interest income5,0404012,446
Interest expense(700)(842)(1,142)
Equity in undistributed income of subsidiaries1,12600
Other, net5,946(2,871)(1,673)
Total other income (expense)11,412(3,312)(369)
Income before income taxes338,288333,923374,359
Provision for income taxes88,06476,03574,982
Net income$ 250,224$ 257,888$ 299,377
Net income per common share   
Basic$ 6.68$ 6.88$ 8.01
Diluted6.656.777.85
Cash dividends declared per common share$ 2.80$ 2.64$ 2.40
Weighted average shares outstanding   
Basic37,468,00037,508,00037,359,000
Diluted37,643,00038,097,00038,144,000
Commissions [Member]   
Revenues   
Revenues$ 641,183$ 621,008$ 634,445
Information Services [Member]   
Revenues   
Revenues39,31438,17534,341
Post-trade Services [Member]   
Revenues   
Revenues36,87738,92219,460
Other [Member]   
Revenues   
Revenues$ 926$ 846$ 879