Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,485 shares of the financial services provider’s stock after selling 11 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in MarketAxess Holdings were worth $1,103,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cutler Group LP bought a new position in shares of MarketAxess Holdings in the 2nd quarter worth about $110,000. First Personal Financial Services increased its stake in shares of MarketAxess Holdings by 2.6% in the 2nd quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 16 shares in the last quarter. Traynor Capital Management Inc. bought a new position in shares of MarketAxess Holdings in the 2nd quarter worth about $203,000. Puzo Michael J bought a new position in shares of MarketAxess Holdings in the 1st quarter worth about $212,000. Finally, Gardiner Nancy B bought a new position in shares of MarketAxess Holdings in the 1st quarter worth about $224,000. Institutional investors and hedge funds own 91.13% of the company’s stock.
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In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total value of $3,972,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,108,142 shares in the company, valued at $220,110,245.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.51% of the company’s stock.
Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 179.81 on Tuesday. The firm’s 50-day moving average is $194.57 and its 200-day moving average is $192.44. MarketAxess Holdings, Inc. has a 1-year low of $145.10 and a 1-year high of $211.06. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 47.29 and a beta of 0.70.
MarketAxess Holdings (NASDAQ:MKTX) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.08. The business had revenue of $97.31 million during the quarter, compared to the consensus estimate of $96.42 million. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. Analysts forecast that MarketAxess Holdings, Inc. will post $4.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a $0.33 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.73%. MarketAxess Holdings’s dividend payout ratio is presently 34.65%.
MKTX has been the subject of several research reports. BidaskClub upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $210.00 price target on shares of MarketAxess Holdings in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. increased their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. MarketAxess Holdings currently has a consensus rating of “Buy” and an average price target of $197.17.
MarketAxess Holdings Company Profile
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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