MarketAxess Holdings Inc. $MKTX Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI reduced its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 94.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,935 shares of the financial services provider’s stock after selling 35,004 shares during the period. Norris Perne & French LLP MI’s holdings in MarketAxess were worth $337,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MKTX. MUFG Securities EMEA plc acquired a new position in shares of MarketAxess in the 2nd quarter valued at $25,000. Geneos Wealth Management Inc. raised its stake in MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 80 shares in the last quarter. True Wealth Design LLC lifted its position in MarketAxess by 992.9% in the second quarter. True Wealth Design LLC now owns 153 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 139 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in MarketAxess in the second quarter valued at $37,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of MarketAxess by 51.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 248 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MKTX shares. Keefe, Bruyette & Woods lifted their target price on MarketAxess from $194.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketAxess in a research report on Monday, December 22nd. Barclays boosted their price objective on MarketAxess from $186.00 to $188.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. UBS Group decreased their price objective on MarketAxess from $255.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Loop Capital set a $164.00 target price on shares of MarketAxess in a report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $204.82.

MarketAxess Trading Up 0.2%

MarketAxess stock opened at $182.86 on Monday. MarketAxess Holdings Inc. has a twelve month low of $156.17 and a twelve month high of $232.84. The stock has a 50 day moving average of $169.89 and a two-hundred day moving average of $186.93. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 6.62 and a beta of 1.00.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Friday, November 7th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. MarketAxess had a return on equity of 20.20% and a net margin of 26.16%.The business had revenue of $208.82 million for the quarter, compared to analyst estimates of $212.59 million. During the same quarter in the previous year, the company posted $1.90 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, November 19th. MarketAxess’s payout ratio is currently 51.70%.

MarketAxess 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.