Denver Investment Advisors LLC reduced its position in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 6.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,741 shares of the financial services provider’s stock after selling 180 shares during the period. Denver Investment Advisors LLC’s holdings in MarketAxess Holdings were worth $514,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in MKTX. Advisors Preferred LLC increased its position in shares of MarketAxess Holdings by 1,064.0% in the third quarter. Advisors Preferred LLC now owns 1,001 shares of the financial services provider’s stock worth $166,000 after buying an additional 915 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MarketAxess Holdings by 13.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,223 shares of the financial services provider’s stock valued at $203,000 after buying an additional 147 shares during the last quarter. Somerville Kurt F purchased a new stake in shares of MarketAxess Holdings during the third quarter valued at about $203,000. Cigna Investments Inc. New purchased a new stake in shares of MarketAxess Holdings during the fourth quarter valued at about $206,000. Finally, First Republic Investment Management Inc. increased its stake in shares of MarketAxess Holdings by 2.8% in the fourth quarter. First Republic Investment Management Inc. now owns 1,430 shares of the financial services provider’s stock valued at $210,000 after buying an additional 39 shares during the last quarter. 90.23% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Holdings, Inc. (NASDAQ MKTX) traded down 0.80% during trading on Friday, reaching $205.68. 250,264 shares of the company’s stock traded hands. The company has a market cap of $7.72 billion, a PE ratio of 55.86 and a beta of 0.56. MarketAxess Holdings, Inc. has a 12-month low of $134.84 and a 12-month high of $209.01. The company has a 50 day moving average price of $191.99 and a 200-day moving average price of $180.85.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.16. The firm had revenue of $103.90 million for the quarter, compared to analysts’ expectations of $102.52 million. MarketAxess Holdings had a net margin of 36.26% and a return on equity of 30.39%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. On average, equities research analysts forecast that MarketAxess Holdings, Inc. will post $4.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Investors of record on Thursday, May 11th were issued a $0.33 dividend. The ex-dividend date was Tuesday, May 9th. This represents a $1.32 annualized dividend and a yield of 0.64%. MarketAxess Holdings’s dividend payout ratio is presently 35.77%.
Several research firms have recently weighed in on MKTX. Zacks Investment Research downgraded shares of MarketAxess Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $190.00 price target on shares of MarketAxess Holdings in a research note on Tuesday, April 4th. Finally, BidaskClub raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. MarketAxess Holdings presently has a consensus rating of “Buy” and an average price target of $186.50.
In other MarketAxess Holdings news, insider Nicholas Themelis sold 5,596 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $200.84, for a total transaction of $1,123,900.64. Following the completion of the sale, the insider now owns 67,763 shares in the company, valued at $13,609,520.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $185.70, for a total transaction of $3,714,000.00. Following the sale, the chief executive officer now owns 1,080,170 shares of the company’s stock, valued at approximately $200,587,569. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,112 shares of company stock valued at $11,912,518. 4.51% of the stock is owned by insiders.
About MarketAxess Holdings
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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