Versor Investments LP Purchases Shares of 2,096 MarketAxess Holdings Inc. $MKTX

Versor Investments LP bought a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,096 shares of the financial services provider’s stock, valued at approximately $468,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. DAVENPORT & Co LLC lifted its position in MarketAxess by 8.1% during the first quarter. DAVENPORT & Co LLC now owns 1,174 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 88 shares during the last quarter. IFM Investors Pty Ltd lifted its position in shares of MarketAxess by 11.0% during the 1st quarter. IFM Investors Pty Ltd now owns 7,071 shares of the financial services provider’s stock valued at $1,530,000 after acquiring an additional 703 shares during the period. World Investment Advisors bought a new stake in shares of MarketAxess during the 1st quarter valued at $397,000. M&T Bank Corp lifted its position in shares of MarketAxess by 20.7% during the 1st quarter. M&T Bank Corp now owns 1,756 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 301 shares during the period. Finally, Flossbach Von Storch SE lifted its position in shares of MarketAxess by 41.2% during the 1st quarter. Flossbach Von Storch SE now owns 23,000 shares of the financial services provider’s stock valued at $4,976,000 after acquiring an additional 6,710 shares during the period. 99.01% of the stock is currently owned by institutional investors.

Insider Transactions at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 1,494 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $185.32, for a total value of $276,868.08. Following the completion of the transaction, the executive owned 67,681 shares of the company’s stock, valued at $12,542,642.92. This represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen P. Casper sold 1,600 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $186.59, for a total value of $298,544.00. Following the completion of the transaction, the director directly owned 43,208 shares of the company’s stock, valued at approximately $8,062,180.72. The trade was a 3.57% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.65% of the stock is owned by corporate insiders.

MarketAxess Stock Up 1.3%

Shares of MKTX stock opened at $161.29 on Wednesday. MarketAxess Holdings Inc. has a twelve month low of $156.17 and a twelve month high of $284.23. The company has a market cap of $6.03 billion, a P/E ratio of 27.15, a P/E/G ratio of 6.44 and a beta of 0.89. The business has a fifty day simple moving average of $175.36 and a 200 day simple moving average of $200.07.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.06. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%.The business had revenue of $219.46 million during the quarter, compared to the consensus estimate of $218.05 million. During the same period in the prior year, the company earned $1.72 EPS. MarketAxess’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Loop Capital set a $164.00 target price on MarketAxess in a research report on Tuesday, October 14th. Barclays reduced their target price on MarketAxess from $200.00 to $186.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of MarketAxess in a report on Wednesday, October 8th. Zacks Research downgraded MarketAxess from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Finally, Morgan Stanley dropped their price objective on MarketAxess from $274.00 to $253.00 and set an “overweight” rating for the company in a research report on Wednesday, October 1st. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, MarketAxess has a consensus rating of “Hold” and a consensus price target of $216.58.

MarketAxess Profile

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.