MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lifted its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 73.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 87,634 shares of the financial services provider’s stock after buying an additional 36,993 shares during the period. Westwood Holdings Group Inc. owned approximately 0.24% of MarketAxess worth $18,960,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of MarketAxess by 49.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 54 shares in the last quarter. State of Wyoming raised its position in MarketAxess by 13.6% during the fourth quarter. State of Wyoming now owns 483 shares of the financial services provider’s stock valued at $109,000 after buying an additional 58 shares during the period. Federated Hermes Inc. lifted its stake in MarketAxess by 13.0% in the 1st quarter. Federated Hermes Inc. now owns 522 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 60 shares in the last quarter. Guggenheim Capital LLC boosted its position in MarketAxess by 3.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider’s stock worth $384,000 after acquiring an additional 61 shares during the period. Finally, Colonial Trust Co SC grew its stake in MarketAxess by 20.2% during the 4th quarter. Colonial Trust Co SC now owns 422 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analysts Set New Price Targets

MKTX has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of MarketAxess from $240.00 to $237.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Citigroup lifted their target price on shares of MarketAxess from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Piper Sandler reiterated a “neutral” rating and set a $204.00 price objective (up from $202.00) on shares of MarketAxess in a report on Tuesday, July 15th. Wall Street Zen downgraded MarketAxess from a “hold” rating to a “sell” rating in a research note on Sunday, July 20th. Finally, Morgan Stanley cut their price target on MarketAxess from $283.00 to $274.00 and set an “overweight” rating for the company in a research note on Tuesday, July 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, MarketAxess currently has a consensus rating of “Hold” and a consensus price target of $240.67.

MarketAxess Stock Down 10.1%

Shares of MarketAxess stock opened at $186.80 on Thursday. MarketAxess Holdings Inc. has a 12-month low of $186.14 and a 12-month high of $296.68. The stock has a 50 day moving average price of $216.77 and a two-hundred day moving average price of $214.05. The stock has a market capitalization of $7.01 billion, a P/E ratio of 32.49, a PEG ratio of 2.74 and a beta of 0.84.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Wednesday, August 6th. The financial services provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.06. The firm had revenue of $219.46 million during the quarter, compared to analyst estimates of $218.05 million. MarketAxess had a net margin of 26.57% and a return on equity of 19.93%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 EPS. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.