Renaissance Technologies LLC trimmed its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 24.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,910 shares of the financial services provider’s stock after selling 90,900 shares during the period. Renaissance Technologies LLC’s holdings in MarketAxess were worth $56,875,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gardiner Nancy B acquired a new stake in shares of MarketAxess in the fourth quarter valued at approximately $201,000. First Republic Investment Management Inc. raised its position in MarketAxess by 30.8% during the third quarter. First Republic Investment Management Inc. now owns 1,373 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 323 shares in the last quarter. Polen Capital Management LLC acquired a new position in MarketAxess during the fourth quarter valued at approximately $262,000. Traynor Capital Management Inc. acquired a new position in MarketAxess during the fourth quarter valued at approximately $264,000. Finally, Puzo Michael J raised its position in MarketAxess by 44.1% during the fourth quarter. Puzo Michael J now owns 1,635 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 99.82% of the company’s stock.
MKTX has been the subject of several research analyst reports. UBS Group downgraded shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Zacks Investment Research upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Raymond James Financial restated a “market perform” rating on shares of MarketAxess in a research report on Monday, January 22nd. Goldman Sachs Group downgraded shares of MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research report on Monday, January 8th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $215.00 price objective on shares of MarketAxess in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $214.40.
MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The business had revenue of $99.57 million during the quarter, compared to the consensus estimate of $98.70 million. MarketAxess had a net margin of 37.26% and a return on equity of 29.54%. equities research analysts forecast that MarketAxess Holdings Inc. will post 4.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.42 per share. The ex-dividend date was Tuesday, February 13th. This is an increase from MarketAxess’s previous quarterly dividend of $0.20. This represents a $1.68 annualized dividend and a dividend yield of 0.75%. MarketAxess’s dividend payout ratio is 43.19%.
In other news, Director David G. Gomach sold 4,225 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $197.98, for a total transaction of $836,465.50. Following the completion of the transaction, the director now directly owns 259 shares in the company, valued at $51,276.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Antonio L. Delise sold 8,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $200.67, for a total transaction of $1,605,360.00. Following the transaction, the chief financial officer now owns 45,696 shares of the company’s stock, valued at $9,169,816.32. The disclosure for this sale can be found here. Insiders have sold 52,625 shares of company stock valued at $10,290,970 over the last quarter. Company insiders own 4.02% of the company’s stock.
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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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