1,003 Shares in MarketAxess Holdings Inc. $MKTX Purchased by waypoint wealth counsel

waypoint wealth counsel bought a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 2nd quarter, Holdings Channel.com reports. The firm bought 1,003 shares of the financial services provider’s stock, valued at approximately $224,000.

Other large investors also recently modified their holdings of the company. Clear Creek Financial Management LLC purchased a new position in shares of MarketAxess in the 1st quarter worth about $280,000. Praxis Investment Management Inc. purchased a new position in shares of MarketAxess in the 1st quarter worth about $376,000. Wilson Asset Management International PTY Ltd. raised its holdings in shares of MarketAxess by 26.6% in the 1st quarter. Wilson Asset Management International PTY Ltd. now owns 60,492 shares of the financial services provider’s stock worth $13,087,000 after purchasing an additional 12,697 shares during the period. Victory Capital Management Inc. raised its holdings in shares of MarketAxess by 210.8% in the 1st quarter. Victory Capital Management Inc. now owns 17,400 shares of the financial services provider’s stock worth $3,764,000 after purchasing an additional 11,801 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of MarketAxess in the 1st quarter worth about $543,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MKTX. Weiss Ratings restated a “hold (c-)” rating on shares of MarketAxess in a report on Wednesday, October 8th. Jefferies Financial Group cut their price objective on MarketAxess from $217.00 to $208.00 and set a “hold” rating on the stock in a report on Monday, August 11th. Wall Street Zen upgraded MarketAxess from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Barclays lowered their target price on MarketAxess from $200.00 to $186.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $204.00 target price (up previously from $202.00) on shares of MarketAxess in a research note on Tuesday, July 15th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $223.55.

MarketAxess Stock Performance

MKTX stock opened at $177.40 on Monday. MarketAxess Holdings Inc. has a 1 year low of $161.61 and a 1 year high of $296.68. The stock has a 50-day simple moving average of $183.20 and a 200-day simple moving average of $205.81. The firm has a market cap of $6.63 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 3.48 and a beta of 0.89.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.06. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%.The firm had revenue of $219.46 million during the quarter, compared to analyst estimates of $218.05 million. During the same quarter last year, the firm earned $1.72 EPS. MarketAxess’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities research analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, August 20th. MarketAxess’s dividend payout ratio (DPR) is 51.18%.

Insider Buying and Selling

In other MarketAxess news, Director Stephen P. Casper sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $186.59, for a total transaction of $298,544.00. Following the completion of the sale, the director owned 43,208 shares in the company, valued at $8,062,180.72. This trade represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Kevin M. Mcpherson sold 1,494 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $185.32, for a total value of $276,868.08. Following the sale, the executive owned 67,681 shares of the company’s stock, valued at approximately $12,542,642.92. This trade represents a 2.16% decrease in their position. The disclosure for this sale can be found here. 2.66% of the stock is owned by company insiders.

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.