MarketAxess HoldingsMKTX
Market Cap: $9.7B
About: Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being U.S. investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.
Employees: 881
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
5% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 60
0.9% more ownership
Funds ownership: 97.53% [Q1] → 98.42% (+0.9%) [Q2]
1% more funds holding
Funds holding: 451 [Q1] → 454 (+3) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
1% less repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 167
8% less capital invested
Capital invested by funds: $8.1B [Q1] → $7.48B (-$621M) [Q2]
37% less call options, than puts
Call options by funds: $17.5M | Put options by funds: $27.9M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Deutsche Bank Brian Bedell 53% 1-year accuracy 16 / 30 met price target | 13%downside $223 | Hold Maintained | 15 Aug 2024 |
Deutsche Bank Brian Bedell 53% 1-year accuracy 16 / 30 met price target | 15%downside $218 | Hold Maintained | 7 Aug 2024 |
Keefe, Bruyette & Woods Kyle Voigt 83% 1-year accuracy 10 / 12 met price target | 12%downside $225 | Market Perform Maintained | 7 Aug 2024 |
Piper Sandler Patrick Moley 92% 1-year accuracy 22 / 24 met price target | 12%downside $225 | Neutral Reiterated | 6 Aug 2024 |
Barclays Benjamin Budish 72% 1-year accuracy 52 / 72 met price target | 16%downside $215 | Equal-Weight Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 10 articles about MKTX published over the past 30 days