Oregon Public Employees Retirement Fund Buys 5,169 Shares of MarketAxess Holdings Inc. $MKTX

Oregon Public Employees Retirement Fund increased its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 160.0% during the third quarter, Holdings Channel reports. The firm owned 8,400 shares of the financial services provider’s stock after acquiring an additional 5,169 shares during the period. Oregon Public Employees Retirement Fund’s holdings in MarketAxess were worth $1,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. MUFG Securities EMEA plc bought a new stake in MarketAxess during the second quarter worth about $25,000. Geneos Wealth Management Inc. raised its position in shares of MarketAxess by 200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after buying an additional 80 shares in the last quarter. True Wealth Design LLC raised its position in shares of MarketAxess by 992.9% in the 2nd quarter. True Wealth Design LLC now owns 153 shares of the financial services provider’s stock valued at $34,000 after buying an additional 139 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in shares of MarketAxess during the 3rd quarter worth approximately $53,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of MarketAxess by 51.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 248 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Stock Performance

Shares of MKTX opened at $172.78 on Thursday. MarketAxess Holdings Inc. has a 52 week low of $156.17 and a 52 week high of $232.84. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 5.70 and a beta of 0.97. The stock has a fifty day moving average of $172.84 and a 200-day moving average of $183.01.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Friday, November 7th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. The business had revenue of $208.82 million during the quarter, compared to analysts’ expectations of $212.59 million. MarketAxess had a return on equity of 20.20% and a net margin of 26.16%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.90 EPS. As a group, equities analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays lowered their price objective on shares of MarketAxess from $188.00 to $182.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th. Morgan Stanley decreased their price target on MarketAxess from $209.00 to $204.00 and set an “equal weight” rating on the stock in a research note on Monday, December 22nd. Keefe, Bruyette & Woods boosted their price target on MarketAxess from $194.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, November 10th. Loop Capital set a $164.00 price objective on MarketAxess in a research note on Tuesday, October 14th. Finally, Piper Sandler decreased their target price on MarketAxess from $180.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $202.45.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.