Pacer Advisors Inc. Boosts Position in MarketAxess Holdings Inc. (MKTX)

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Pacer Advisors Inc. increased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 12.3% in the third quarter, HoldingsChannel reports. The firm owned 13,356 shares of the financial services provider’s stock after purchasing an additional 1,462 shares during the quarter. Pacer Advisors Inc.’s holdings in MarketAxess were worth $2,384,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its position in MarketAxess by 22.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,654 shares of the financial services provider’s stock valued at $1,910,000 after acquiring an additional 1,740 shares during the last quarter. Alps Advisors Inc. bought a new position in MarketAxess during the second quarter valued at approximately $205,000. Virginia Retirement Systems ET AL grew its position in MarketAxess by 140.7% during the second quarter. Virginia Retirement Systems ET AL now owns 6,500 shares of the financial services provider’s stock valued at $1,286,000 after acquiring an additional 3,800 shares during the last quarter. Sei Investments Co. grew its position in MarketAxess by 121.6% during the second quarter. Sei Investments Co. now owns 64,045 shares of the financial services provider’s stock valued at $12,673,000 after acquiring an additional 35,142 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in MarketAxess by 35.1% during the second quarter. SG Americas Securities LLC now owns 7,582 shares of the financial services provider’s stock valued at $1,500,000 after acquiring an additional 1,969 shares during the last quarter. Institutional investors and hedge funds own 99.27% of the company’s stock.

Shares of NASDAQ MKTX opened at $226.50 on Friday. MarketAxess Holdings Inc. has a one year low of $172.09 and a one year high of $231.33. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 58.08, a price-to-earnings-growth ratio of 10.06 and a beta of 0.09.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.09. MarketAxess had a net margin of 37.97% and a return on equity of 29.40%. The business had revenue of $101.44 million for the quarter, compared to analysts’ expectations of $101.19 million. During the same period last year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities research analysts predict that MarketAxess Holdings Inc. will post 4.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Tuesday, November 6th. MarketAxess’s dividend payout ratio is 43.08%.

In other news, insider Kevin M. Mcpherson sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $216.89, for a total value of $542,225.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard M. Mcvey sold 23,842 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $211.93, for a total transaction of $5,052,835.06. Following the completion of the transaction, the chief executive officer now owns 1,054,986 shares in the company, valued at approximately $223,583,182.98. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by company insiders.

A number of research analysts have commented on the stock. ValuEngine upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Barclays assumed coverage on shares of MarketAxess in a research report on Friday, September 7th. They set an “equal weight” rating and a $200.00 price target on the stock. BidaskClub cut shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Zacks Investment Research upgraded shares of MarketAxess from a “hold” rating to a “buy” rating and set a $246.00 price target on the stock in a research report on Wednesday, December 5th. Finally, Goldman Sachs Group assumed coverage on shares of MarketAxess in a research report on Monday, November 5th. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $214.71.

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About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.

Further Reading: The Structure of a Futures Contract

Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX).

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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